Limited recourse

Limited recourse

A term describing a type of loan in which the lender has limited or no claim against the parent company if the collateral is insufficient to repay the debt. See:Nonrecourse.

Limited Recourse

Describing a loan that is secured up to a certain amount. For example, a loan on which one-third of the principal is secured or collateralized is a limited recourse loan. These loans may be used in project finance; a company may issue a bond with limited recourse for the first five years of its life, after which it becomes fully secured. Limited recourse loans carry lower interest rates than without recourse loans. In the event of liquidation, limited recourse debt is paid after secured debt and before unsecured debt.
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In addition, limited recourse clauses in the programme restrict the noteholder of a given series to only have recourse to the collateral assigned to this series.
125% Loan Participation notes due 2018 issued by, but with limited recourse to, VIP Finance Ireland Limited, (ii) USD 1,000,000,000 7.
4mn long term limited recourse project finance facility with Emirates NBD for the district cooling plant it is developing in Dubai.
SCF Group has revealed in a statement that the group has accomplished a 10-year limited recourse credit facility with a consortium of top banking players of Europe.
The plant is structured as a limited recourse construction financing, and is fully underwritten by ING, GIEK/Eksportfinans and Sinosure.
5 billion through limited recourse financing to cover the financing needs of the first and second phases of the expansion.
5 billion through limited recourse financing to cover the financing needs of its first and second phase of the expansion projects.
4bn of limited recourse debt, New Zealand Herald said in a related report.
In one of the most challenging credit markets in recent times, we were able to secure financing on attractive terms, further validating our successful model of developing high-quality, economically attractive projects that can be financed on a limited recourse basis in the project debt markets.
44bn senior limited recourse facility - so-called because lenders are repaid from project cash flows and have limited recourse to the sponsors' balance sheets - as well as a $1.
The loan, provided by an out-of-state investment bank, includes a five-year term, a competitive floating interest rate and limited recourse provisions to the developer.
We have limited recourse other than beating the bushes out there to try and find better deals.
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