Recourse Indemnity definition
Recourse Indemnity means each Limited Recourse Indemnity Agreement now or hereafter executed by Guarantor to and in favor of Lender, as the same may be supplemented, amended, modified, consolidated, extended, substituted, replaced, renewed and/or restated from time to time.
Recourse Indemnity means each Recourse Indemnity Agreement now or hereafter executed by Guarantor to and in favor of Lender, as the same may be supplemented, amended, modified, consolidated, extended, substituted, replaced, renewed and/or restated from time to time. “Redirection Notice” means a written notice from Lender to Depositary Bank whereby Lender is able to take control of the Lockbox Account and Borrower shall not have a right of withdrawal from the Lockbox Account. “Release” means any releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, dispersing, depositing, escaping, leaching, migrating, disposing, or dumping, whether intentional or unintentional, foreseen or unforeseen. The term also includes abandoning or discarding of barrels, underground storage tanks, above ground storage tanks, containers, drums, or other receptacles containing or previously containing Hazardous Materials, except as required for the use of Permitted Hazardous Materials necessary for Life Sciences Uses in the ordinary course and in compliance with all applicable Environmental Laws. Lender acknowledges that the Project contains a 4,033 gallon diesel fuel tank and that storage tanks for Permitted Hazardous Materials are used for Life Science Uses and that the use of such storage tanks (provided such storage tanks do not exceed a commercially reasonable volume taking into account permitted Life Sciences Uses without the consent of Lender) in the ordinary course in compliance with Environmental Laws does not constitute a “Release” as used herein. “Remediate” or “Remediation” means any and all actions to identify, test, study, investigate, contain, characterize, reduce, mitigate, clean up, monitor, remove, excavate, ▇▇▇▇▇, remediate, transport, recycle, treat, dispose or otherwise manage any Hazardous Materials in the Environment or inside any structure in order to identify, prevent, mitigate or eliminate harm or potential harm to human health or the Environment from Hazardous Materials and/or to comply with Environmental Laws, Unrestricted Use Standards or any Order or respond to any Environmental Claim.
Recourse Indemnity shall have the meaning set forth in Section 8.5.
Examples of Recourse Indemnity in a sentence
The foregoing shall not be construed to limit the personal liability of Prime under the Recourse Indemnity Agreement, the Environmental Indemnification Agreement, the Blocked Accounts Agreement and any other document now or hereafter delivered by Prime which does not expressly exculpate Prime from such liability.
Reference is hereby made to that certain Limited Guaranty and Recourse Indemnity Agreement, dated as of June 13, 2014 (the “Limited Guaranty”), by Colony Starwood Homes, a Maryland real estate investment trust (formerly known as Starwood Waypoint Residential Trust) (the “Limited Guarantor”) in favor of Citibank, N.A., as Administrative Agent for the benefit of the Lenders.
More Definitions of Recourse Indemnity
Recourse Indemnity means any agreement to indemnify a lender to the Underlying Partnership with respect to any so-called "non-recourse" carveouts in such lender's loan documents, or any separate recourse indemnity or guaranty given to any such lender. The rights of the Partners and their direct and indirect equity owners under this Section 8.5(B) shall be in addition to, and not in substitution for, those under Section 13.11 hereof.
Recourse Indemnity shall have the meaning set forth in ------------------ Section 8.5. 1.101 "Regulatory Allocations" shall have the meaning set forth ---------------------- in Section 9.12.