Secured Recourse Indebtedness means the portion of Secured Indebtedness that is not Non-Recourse Debt.
Secured Recourse Indebtedness means, with respect to any Person, all Recourse Indebtedness of such Person that is secured by a Lien.
Secured Recourse Indebtedness means Secured Indebtedness for which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities and other similar exceptions to recourse liability) is to Parent, Borrower or any Guarantor, other than the Obligations.
Examples of Secured Recourse Indebtedness in a sentence
Maintain as of each Test Date a ratio of Secured Recourse Indebtedness to Total Asset Value equal to not more than 10%.
More Definitions of Secured Recourse Indebtedness
Secured Recourse Indebtedness of any Person means any Total Liabilities (excluding any Secured Non-Resource Indebtedness) of such Person for which the obligations thereunder are secured by a Lien on any assets of such Person or its Subsidiaries.
Secured Recourse Indebtedness means all Indebtedness (including Guaranties of Secured Indebtedness) that is Secured Indebtedness and is not Nonrecourse Indebtedness.
Secured Recourse Indebtedness means any Secured Indebtedness, in respect of which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar exceptions to recourse liability) is to a Credit Party.
Secured Recourse Indebtedness means, as to any Person, Recourse Indebtedness of such Person that constitutes Secured Indebtedness.
Secured Recourse Indebtedness means, with respect to any Person, Recourse Indebtedness of such Person that is secured by a Lien.
Secured Recourse Indebtedness means, with respect to a Person as of a given date, such Person’s Secured Indebtedness that is not Nonrecourse Indebtedness.
Secured Recourse Indebtedness means, with respect to a Person as of any given date, the Secured Indebtedness of such Person (other than Nonrecourse Indebtedness) and shall include (without limitation) such Person’s Ownership Share of the Secured Recourse Indebtedness of such Person’s Unconsolidated Affiliates.