Examples of Recourse Loan in a sentence

On 23 July 2019, the Company entered into a EUR 13.5 million committed, limited recourse, loan facility (the "Limited Recourse Loan Facility") provided to it by NN2 (as "Lender").
However, this limitation on NN2’s recourse against the Company shall not apply to the extent that the value of the Company Net Assets is impaired, or NN2 suffers loss as a result of any breach by the Company of any provision of the Limited Recourse Loan Facility (or any related finance document) other than the repeating representations / warranties thereunder or the provisions requiring payment of interest / fees or repayment / prepayment of principal thereunder.
The key terms of the Limited Recourse Loan Facility are described below.
No security, collateral or guarantees have been granted in respect of the Company's obligations under the Limited Recourse Loan Facility.
The Limited Recourse Loan Facility is made available in two separate tranches: (i) up to EUR 8.5 million to be applied towards the Company's ongoing ordinary course operating activities ("Facility A"); and (ii) up to EUR 5 million intended for the payment of certain costs related to litigation defense ("Facility B").

More Definitions of Recourse Loan

Recourse Loan means, with the exception of VA No-Bids, any Mortgage Loan, mortgaged property, Servicing Released Loan or Servicing Sale Loans, including those items identified in Section 4.24 of the Disclosure Schedule, under which the Company or any Company Subsidiary bears the risk of loss as described in the preceding sentence.

Recourse Loan. Section 3.28 "Registration Statement" -- Section 4.09 "Regulations" -- Section 3.27 "Representatives" -- Section 9.11(g) "Sales Price" -- Section 2.01(c)(i) "SEC" -- Section 3.04(b) "Securities Act" -- Section 3.04(b) "Servicing Released Loans" -- Section 3.28 "Servicing Sale Loan" -- Section 3.28 "Significant Subsidiaries" -- Section 9.11(h) "Stockholders' Meeting" -- Section 6.03(a) "Sub" -- Preamble "Sub Common Stock" -- Section 2.01(a) "Subsidiary" -- Section 9.11(i) "Surviving Corporation" -- Section 1.01 "Surviving Corporation Common Stock" -- Section 2.01(a) "tax return" -- Section 3.12(c) "taxes" -- Section 3.12(c) "Trading Day" -- Section 2.01(c)(i) "VA" -- Section 3.25 "VA Loans" -- Section 3.25 "VA No Bids" -- Section 3.28 "Warehouse Loans" -- Section 3.26 This AGREEMENT AND PLAN OF MERGER dated as of November 10, 1996 (this "Agreement") is made and entered into by and among HFS INCORPORATED, a Delaware corporation ("Parent"), MERCURY ACQ. CORP., a Maryland corporation wholly owned by Parent ("Sub"), and PHH CORPORATION, a Maryland corporation (the "Company").

Recourse Loan has the meaning set forth in Section 4.28. ------------

Recourse Loan means any Mortgage Loan or Collateral with respect to which SBS bears the risk of loss as described in the preceding sentence.

Recourse Loan. Any Mortgage Loan subject to an obligation described as a limited or full recourse, credit support reimbursement or other similar obligation, loss sharing arrangement or other similar arrangement, it being acknowledged that each Agency assumes no losses on any Recourse Loans.

Recourse Loan. Any Mortgage Loan as to which the Company has an obligation to repurchase, reimburse, indemnify or hold harmless any Person based solely upon the default under or the foreclosure or sale of the Collateral for the Mortgage Loan without regard to a

Recourse Loan as defined in Section 3.13.