Recourse Party definition

Recourse Party shall have the meaning set forth in Section 9.2(a)(i).
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Recourse Party as defined in the Limited Recourse Agreement.
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Recourse Party. Means the Reckson Recourse Party or the Investor Recourse Party, individually. Regulations: Means the regulations issued by the United States Department of the Treasury under the Code as now in effect and as they may be amended from time to time, and any successor regulations.
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Examples of Recourse Party in a sentence

  • All Leases shall be bona fide, binding contracts, duly authorized and executed with third-party tenants, residents, and/or occupants unrelated to Borrower, any Recourse Party or any of their Affiliates.

  • This Agreement is intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any Person other than the parties hereto and other than (a) the Indemnified Parties with respect to Section 9 hereof and (b) each No Recourse Party with respect to Section 13.14 hereof.

  • No action under or in connection with this Agreement shall be brought against any Non-Recourse Party, and no judgment for any deficiency upon the obligations hereunder shall be obtainable against any Non- Recourse Party.

  • By execution of this Agreement, the TFG Recourse Party acknowledges and agrees to its obligations under this Section 6.05(d).

  • The TFG Recourse Party shall guaranty the TFG Member’s obligation to make any Capital Contributions to the Venture in an amount equal to the Excess Promote Distribution pursuant to this Section 6.05(d).

  • There are no third party beneficiaries under this Agreement, except that each No Recourse Party shall be a third party beneficiary of Section 9.24.

  • The Partnership and the Partners hereby expressly acknowledge and agree that: (a) the Recourse Liabilities have been undertaken by the Recourse Parties at the request and for the benefit of the Partnership and the Partners, and (b) no party other than the Partners (and any applicable Recourse Party) is an intended third-party beneficiary or has the right to enforce this Section 3.5.

  • In connxxxxxx with the consummation of txx Xxxxman Loan, the Reckson Recourse Party has executed (x) the Goldxxx Xxxn Agreement xxx the purpose of, jointly with Property Owner, indemnifying Goldman in respect of certain matters (collectively, the "Loan Agrxxxxxx Recourse Obligations") and (y) the Environmental Indemnity Agreement (the "Environmental Indemnity").

  • In connection with the consummation of the GACC Loan, the Reckson Recourse Party has executed that certain Guaranty Of Recourse Obligations dated as of August 3, 2005 (the "GACC Guaranty") in favor of GACC for the purpose of, jointly with Property Owner, indemnifying GACC in respect of certain matters (the "GACC Recourse Obligations").

  • There are no third party beneficiaries under this Agreement, except that each No Recourse Party (as defined in Section 13.24) shall be a third party beneficiary of Section 13.24, and the rights or obligations of any Party under this Agreement may not be assigned, delegated, or transferred to any other Person.


More Definitions of Recourse Party

Recourse Party. The Reckson Recourse Party or the NYSTRS Recourse Party, individually. Regulations: The regulations issued by the United States Department of the Treasury under the Code as now in effect and as they may be amended from time to time, and any successor regulations.
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Recourse Party has the meaning set forth in Section 7.8.
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Recourse Party means Borrower, Guarantor, any affiliated Manager, any entity existing as of the date hereof that is under Control of Guarantor and any officer or director of Borrower, Guarantor or any affiliated Manager.
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Recourse Party means any one of the Recourse Parties.
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Recourse Party shall have the meaning set forth in Section 3.5.
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Related to Recourse Party

  • 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-recourse Project Financing means any Indebtedness incurred in connection with the financing of all or part of the costs of the acquisition, construction or development of any project, provided that: (i) any Security Interest given by the Bank or the relevant Subsidiary is limited solely to assets of the project; (ii) the Person or Persons providing such financing expressly agrees to limit their recourse to the project financed and the revenues derived from such project as the principal source of repayment for the moneys advanced; and (iii) there is no other recourse to the Bank or the relevant Subsidiary in respect of any default by any Person under the financing; and

  • Non-Recourse Indebtedness means Indebtedness the terms of which provide that the lender’s claim for repayment of such Indebtedness is limited solely to a claim against the property which secures such Indebtedness.

  • Responsible Party means a public or private body or any other person which, alone or in conjunction with others, determines the purpose of and means for processing personal information, as defined in POPI.

  • Released Party means collectively, and in each case in its capacity as such: