Secured Non-Recourse Debt definition
Secured Non-Recourse Debt means Secured Debt that is not recourse to the Parent REIT or any of its Subsidiaries (except to the extent such recourse is limited to customary non-recourse carve-outs).
Secured Non-Recourse Debt means the portion of Secured Indebtedness that is Non-Recourse Debt.
Secured Non-Recourse Debt means the Thirty-Three Million Dollar ($33,000,000.00) debt described in the Purchase Agreement.
Examples of Secured Non-Recourse Debt in a sentence
Permit, at any time, (i) Secured Recourse Debt that is secured by a Real Property to exceed sixty-five percent (65%) of the value (based upon the most-recent appraisal) of such Real Property and (ii) Secured Non-Recourse Debt that is secured by a Real Property to exceed seventy percent (70%) of the value (based upon the most-recent appraisal) of such Real Property.
More Definitions of Secured Non-Recourse Debt
Secured Non-Recourse Debt means the portion of Secured Indebtedness that is Non- Recourse Debt. “Secured Parties” means, collectively, the Administrative Agent, the Lenders, the ▇▇▇▇▇ ▇▇▇▇▇, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant