Examples of Without Recourse in a sentence
With reference to any obligation or liability, any liability or obligation that is not Without Recourse to the obligor thereunder, directly or indirectly.
With reference to any obligation or liability, any liability or obligation that is not Without Recourse, directly or indirectly.
Any (x) Property Owing Subsidiary that owns any Real Estate that the Borrower has elected to treat as an Unencumbered Property, (y) any Subsidiary Guarantor, or (z) any other Subsidiary of the Borrower or MCRC which contributes at least $10,000,000 to Consolidated Total Capitalization, other than any such Subsidiary that is only liable for Without Recourse obligations.
Allied and Seller may agree in writing that the Accounts of a specific Account Debtor or specific Accounts shall be purchased Without Recourse on Seller.
The Factoring Agent shall, on the last day of each week or, if such day is not a Business Day, on the immediately following Business Day, issue a Certificate of Receivables to the Issuing Bank and the Facility Agent reporting (a) the outstanding amounts under the Eligible Receivables as at the close of business on the immediately preceding Business Day; (b) the Tranche C Maximum Utilisation Amount; and (c) those Eligible Receivables that are Without Recourse Receivables.