Total Recourse Liabilities definition

Total Recourse Liabilities means Total Liabilities minus (i) Nonrecourse Debt and (ii) Qualified Subordinated Debt.
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Total Recourse Liabilities means Total Adjusted Liabilities minus Non-Recourse Debt.
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Total Recourse Liabilities at any time, as to each of the Borrowers and its Subsidiaries, the sum of (a) all liabilities of such Borrower and its Subsidiaries, which, in accordance with GAAP, would be shown as liabilities on such Borrower's or Subsidiary's balance sheet, including all accounts payable, accrued expenses and the current portion of Subordinated Debt but excluding (to the extent included therein) the non-current portion of Subordinated Debt and deferred income taxes payable, and Non-Recourse Debt (provided that the recourse portion of any limited or partial recourse obligations shall be included in Total Recourse Liabilities); plus (b) all liabilities for which such Borrower or any Subsidiary is contingently liable, whether or not such contingent liabilities would, in accordance with GAAP, be capitalized on such Borrower's balance sheet, including without limitation, under or pursuant to (i) any or all guaranties or letters of credit or repurchase or substitution or put obligations or other credit enhancements of any type including, without limitation, guaranties of or letters of credit supporting the residual value of Leased Property or Contracts sold by any Borrower or any Subsidiary, and (ii) letters of credit and guaranties intended to secure the payment or performance of an obligation of a Person other than such Borrower or the Subsidiary contingently liable thereunder.
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Examples of Total Recourse Liabilities in a sentence

  • The Limited Guarantor has maintained the ratio of Adjusted Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 6:1.

  • The Limited Guarantor has maintained the ratio of Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 9:1.

  • Seller shall at all times maintain the ratio of Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 10:1, to be measured as of the date of any financial statements under Section 12.4(a)(i) or (ii).

  • The representations and warranties in this Section 3.1 and elsewhere in this Agreement and the other Transaction Documents are qualified in all respects by the disclosures made in the schedules to this Agreement (the “Disclosure Schedules”).

  • As of the end of each calendar month, Holdings, on a consolidated basis, shall maintain the ratio of (A) Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 12:1 and (B) Total Liabilities to Adjusted Tangible Net Worth no greater than 25:1.

  • The Limited Guarantor shall maintain the ratio of Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 9:1.

  • The Limited Guarantor has maintained the ratio of Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 4.5:1.

  • On and after the date of the IPO, the Limited Guarantor shall maintain the ratio of Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 6:1.

  • HB Corp., on a consolidated basis, shall maintain the ratio of Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 11:1.

  • The Limited Guarantor shall maintain the ratio of Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 4.5:1.


More Definitions of Total Recourse Liabilities

Total Recourse Liabilities all Indebtedness of a Person, other than Non-Recourse Indebtedness, and other liabilities which, in accordance with GAAP, would be included on the liabilities side of a balance sheet of such Person.
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Total Recourse Liabilities means Total Liabilities minus Non-Recourse Subsidiary Debt and Securitization Debt.”
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Total Recourse Liabilities at any time, as to the Borrower, the sum (without duplication) of (i) all liabilities which, in accordance with GAAP, would be shown as liabilities on the Borrower's balance sheet, including all accounts payable but excluding (to the extent included therein) Non-Recourse Debt, Subordinated Debt not due within the next 12 months, deferred income taxes payable and accrued expenses, (ii) all liabilities for which the Borrower is contingently liable, plus (iii) the recourse portion of all Partial Recourse Debt.
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Related to Total Recourse Liabilities

  • Recourse Liabilities means the amount of liabilities owed by the Partnership (other than Nonrecourse Liabilities and liabilities to which Partner Nonrecourse Deductions are attributable in accordance with Section 1.704-(2)(i) of the Regulations).

  • Nonrecourse Liabilities has the meaning set forth in Section 1.704-2(b)(3) of the Regulations.

  • Nonrecourse Liability has the meaning set forth in Regulations Section 1.752-1(a)(2).

  • Capitalized Lease Liabilities means all monetary obligations of the Borrower or any of its Subsidiaries under any leasing or similar arrangement which, in accordance with GAAP, would be classified as capitalized leases, and, for purposes of this Agreement and each other Loan Document, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without payment of a penalty.

  • Common expense liability means the liability for common

  • Nonrecourse Obligation means indebtedness or other obligations substantially related to (i) the acquisition of assets not previously owned by the Company or any Restricted Subsidiary or (ii) the financing of a project involving the development or expansion of properties of the Company or any Restricted Subsidiary, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company or any Restricted Subsidiary or any assets of the Company or any Restricted Subsidiary other than the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof).

  • Recourse Amount Has the meaning specified in Section 17.10 of the Participation Agreement.

  • MREL Eligible Liabilities means “eligible liabilities” (or any equivalent or successor term) which are available to meet any MREL Requirement (however called or defined by then Applicable MREL Regulations) of the Issuer under Applicable MREL Regulations;

  • Total Liabilities is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness.

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Limited Recourse Indebtedness means Indebtedness incurred by the Parent Guarantor or any Subsidiary to finance the creation or development of a Project or proposed Project of the Parent Guarantor or such Subsidiary, provided that, as specified in the terms of such Limited Recourse Indebtedness:

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • 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.

  • Nonrecourse Indebtedness means, with respect to a Person, an Extension of Credit or other Indebtedness in respect of which recourse for payment (except for customary exceptions for fraud, misapplication of funds, environmental indemnities, and other similar customary exceptions to recourse liability) is contractually limited to specific assets of such Person encumbered by a Lien securing such Extension of Credit or other Indebtedness.

  • Consolidated Liabilities means the sum of (i) all liabilities that, in accordance with GAAP, should be classified as liabilities on a consolidated balance sheet of Borrower and its Consolidated Subsidiaries and the Guarantors, and (ii) to the extent not included in clause (i) of this definition, all Redeemable Preferred Stock.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Non-recourse Obligation means indebtedness or other obligations substantially related to (1) the acquisition of assets not previously owned by the Company or any direct or indirect Subsidiaries of the Company or (2) the financing of a project involving the development or expansion of properties of the Company or any direct or indirect Subsidiaries of the Company, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company or any direct or indirect Subsidiary of the Company or such Subsidiary’s assets other than the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof).

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Non-Recourse Debt means Indebtedness:

  • Consolidated Total Liabilities means, as of any date of determination, the total liabilities of the Borrower and its Subsidiaries on a consolidated basis, as determined in accordance with GAAP.

  • Non-Recourse Parties has the meaning provided in Section 12.16.

  • 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

  • Customary Recourse Exceptions means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings.