Nonrecourse carveout definition
Nonrecourse carveout means a specific exception, if any, to the nonrecourse provisions set forth in the loan documents for a nonrecourse loan that has the effect of creating, if specified events occur, personal liability of the borrower or a guarantor or other surety of the loan for all or some amounts owed to the lender.
Nonrecourse carveout means a specific exception, if any, to the nonrecourse provisions set forth in the loan documents for a nonrecourse loan that has the effect of creating, if specified events occur, personal liability of the
Examples of Nonrecourse carveout in a sentence
Non-recourse carve-out from guarantor (▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇) obtained for related losses, however.
Non-recourse carve-out are obtained from guarantors re losses from prior owned property, including environmental.
Non-recourse carve-out for related losses obtained as to guarantors, whose aggregate stated net worth and liquidity is over $83 million/ $7 million, respectively, as of June 2012.