Recourse Guarantor definition

Recourse Guarantor means CNL Healthcare Properties, Inc., a Maryland corporation.
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Recourse Guarantor means a Person (other than the Borrower) which guaranties, or is otherwise obligated in respect of, any Indebtedness for borrowed money of any other Person and/or has incurred, acquired or suffered to exist any Recourse Indebtedness (other than (i) guaranties of customary non-recourse carve-out obligations so long as such guaranties do not become recourse guaranties for the payment of such Indebtedness, (ii) intercompany debt between wholly-owned Subsidiaries of Borrower, and (iii) Indebtedness and/or Recourse Indebtedness (other than intercompany debt between wholly-owned Subsidiaries of Borrower) which, together with all other such Indebtedness that a Subsidiary has guaranteed, or is otherwise obligated in respect of that gives rise to the requirement to be a Guarantor under this section and/or Recourse Indebtedness which any Subsidiary has incurred, acquired or suffered to exist that gives rise to an obligation to be a Guarantor under this definition, but in respect of which Indebtedness and Recourse Indebtedness, in each case, such Subsidiaries are not Guarantors, does not exceed $25,000,000, in the aggregate, at any time outstanding).
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Recourse Guarantor means PropCo.
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Examples of Recourse Guarantor in a sentence

  • The Limited Recourse Guarantor hereby covenants that any payments made by the Limited Recourse Guarantor pursuant to this Article VII will be paid as specified in Section 2.13.

  • Recourse Guarantor Loan Agreement, Guaranty Agreement The Guarantor as defined in the Loan Agreement or Guaranty Agreement.

  • Each Loan Party agrees that any action taken or omitted by the Limited Recourse Guarantor in connection with the Guaranty, provided such actions or omissions are not the result of the Limited Recourse Guarantor’s gross negligence or willful misconduct, shall be binding on the Loan Parties, jointly and severally, and shall not result in any liability to the Limited Recourse Guarantor.

  • Subject to the provisions of Section 4 hereof, the Loan Parties shall pay interest on any and all amounts remaining unpaid under Section 1 at any time from the date such amounts become payable until paid in full, at a market rate to be agreed upon by the Limited Recourse Guarantor and the Audit Committee of the Parent at the time of repayment.

  • The Loan Parties and the Limited Recourse Guarantor each irrevocably and unconditionally waive all claims, objections and defenses that it may have regarding any of the foregoing court’s personal or subject matter jurisdiction, venue or inconvenient forum.

  • Recourse Guarantor hereby reaffirms its obligations under the Recourse Guaranty in all respects.

  • In addition, the Account Party or the Limited Recourse Guarantor shall pay (or cause to be paid) any Other Taxes imposed other than by deduction or withholding to the relevant Governmental Authority in accordance with applicable law.

  • No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by the Account Party or the Limited Recourse Guarantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.

  • The Loan Parties and the Limited Recourse Guarantor each irrevocably and unconditionally submits to the jurisdiction of such courts and consents to service of process in the manner provided for notices in Section 4.

  • The indebtedness, liabilities and obligations of the Company under this Indenture and under the Debentures will be guaranteed by the Limited Recourse Guarantor with recourse limited to a pledge of all present and future shares issued by the Guarantor.


More Definitions of Recourse Guarantor

Recourse Guarantor means Robert F. Maguire III, an individual.
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Recourse Guarantor means any Person providing a Recourse Guaranty.
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Related to Recourse Guarantor

  • Guarantor means: .............................................................................................................................................

  • Non-Guarantor means any Restricted Subsidiary that is not a Guarantor.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Non-Guarantor Subsidiary means any Subsidiary of the Borrower that is not a Subsidiary Guarantor.

  • Seller Guarantor has the meaning set forth in the Preamble.

  • Recourse Obligations has the meaning set forth in Section 2.1.

  • Parent Guarantor has the meaning specified in the recital of parties to this Agreement.

  • Significant Guarantor means any guaranty agency that guarantees trust student loans comprising at least 10% of the Pool Balance of the trust student loans by outstanding principal balance as of the statistical disclosure date.

  • Permitted Non-Recourse Guarantees means customary completion or budget guarantees or indemnities (including by means of separate indemnification agreements and carve-out guarantees) provided under Non-Recourse Debt in the ordinary course of business by the Company or any Subsidiary of the Company in financing transactions that are directly or indirectly secured by real estate assets or other real estate-related assets (including equity interests) of a Subsidiary of the Company (or entity in which the Company is the general partner or managing member), in each case that is the borrower in such financing, but is non-recourse to the Company or any of the Company’s other Subsidiaries, except for customary completion or budget guarantees or indemnities (including by means of separate indemnification agreements or carve-out guarantees) as are consistent with customary industry practice (such as environmental indemnities and recourse triggers based on violation of transfer restrictions and other customary exceptions to nonrecourse liability).

  • Lease Guaranty A guaranty of certain obligations of Tenant under this Lease executed and delivered by each Guarantor substantially in the form of Exhibit G annexed hereto.

  • Non-Recourse Subsidiary means any Subsidiary of the Company (1) whose principal purpose is to incur Non-Recourse Indebtedness and/or construct, lease, own or operate the assets financed thereby, or to become a direct or indirect partner, member or other equity participant or owner in a partnership, limited partnership, limited liability partnership, corporation (including a business trust), limited liability company, unlimited liability company, joint stock company, trust, unincorporated association or joint venture created for such purpose (collectively, a “Business Entity”), (2) who is not an obligor or otherwise bound with respect to any Indebtedness other than Non-Recourse Indebtedness, (3) substantially all the assets of which Subsidiary or Business Entity are limited to (x) those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by Non-Recourse Indebtedness, or (y) Capital Stock in, or Indebtedness or other obligations of, one or more other Non-Recourse Subsidiaries or Business Entities, and (4) any Subsidiary of a Non-Recourse Subsidiary; provided that such Subsidiary shall be considered to be a Non-Recourse Subsidiary only to the extent that and for so long as each of the above requirements are met.

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Non-Guarantor Restricted Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.

  • U.S. Subsidiary Guarantor means each U.S. Subsidiary which has executed and delivered to the U.S. Administrative Agent the U.S. Subsidiary Guaranty (or a supplement thereto).

  • Guarantor Payment as defined in Section 5.11.3.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Corporate Guarantor means Navios Maritime Holdings Inc., a company incorporated in the Xxxxxxxx Islands and having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Xxxxxxxx Xxxxxxx, XX00000;

  • Limited Guarantor With respect to any Series (or Class within such Series), a Person specified in the related Supplement as providing a guarantee or insurance policy or other credit enhancement supporting the distributions in respect of such Series (or Class within such Series) as and to the extent specified in such Supplement.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States of America or the District of Columbia.

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Performance Guarantor means Parent.

  • Subsidiary Guarantor means each Subsidiary that has executed and delivered a Subsidiary Guaranty.

  • Foreign Guarantor means any Guarantor that is not organized under the laws of the United States or any jurisdiction within the United States.

  • Guarantors means each of: