Secured Recourse Debt definition

Secured Recourse Debt means all Secured Debt of any Person on a recourse basis.

Secured Recourse Debt means Secured Debt that is Recourse Debt.

Secured Recourse Debt means, with respect to any Person and its Subsidiaries as of any date of determination, Secured Debt that is recourse to such Person (it being understood that any indebtedness which provides for recourse to a Person solely by virtue of a guaranty of, or direct liability for, customary recourse exceptions shall not constitute Secured Recourse Debt).

Examples of Secured Recourse Debt in a sentence

• Maintain as of each Test Date, a Secured Recourse Debt Ratio of not greater than 20%.

• The Constituent Companies will not permit Total Secured Recourse Debt, as of the last day of any fiscal quarter of the Parent Guarantor, to be greater than 15% of Total Asset Value.

• As of the last day of each Fiscal Quarter of the Company, the Company shall not permit the ratio of Secured Recourse Debt to Total Asset Value to be greater than 0.10 to 1.00.

• Permit Total Secured Recourse Debt, as of the last day of any fiscal quarter of Parent, to be greater than fifteen percent (15%) of Total Asset Value.

• Until such date as Borrower shall hold an investment grade credit rating from either Xxxxx’x or S&P, the Borrower Parties will not permit the Total Secured Recourse Debt Ratio to equal or exceed 10% on the last day of any fiscal quarter during the term of this Agreement.

More Definitions of Secured Recourse Debt

Secured Recourse Debt means as of any given date the amount of the Secured Debt less the amount of Non-Recourse Debt.

Secured Recourse Debt means, at any date of determination, Recourse Debt which is secured by any Lien on the assets of the Parent Guarantor or any of its Subsidiaries, as at the end of the most recently ended fiscal quarter of the Parent Guarantor for which financial statements are required to be delivered to the Lenders pursuant to Section 5.03(b) or (c), as the case may be.

Secured Recourse Debt means all Secured Indebtedness that is not Non-Recourse Indebtedness.

Secured Recourse Debt at any date, an amount equal to the Consolidated Secured Debt on such date that is Recourse Indebtedness.

Secured Recourse Debt means Recourse Debt secured by Liens granted by a Consolidated Financial Covenant Entity (other than an Excluded Subsidiary).

Secured Recourse Debt means all Secured Debt that is not Non-Recourse Debt.

Secured Recourse Debt means, with respect to any Person, all Secured Indebtedness of such Person other than Nonrecourse Indebtedness of such Person.