"The NRPF Multi-Agency Protocol will equip practitioners to acquire a better understanding of the needs and vulnerabilities of families and individuals with No recourse
to public funds and identify how they can access appropriate support".
Although the loans are full recourse
, the immediate sponsor lacks capacity to pay; the loans have partial recourse
to the ultimate parent company of the sponsor, which has been funding shortfalls.
However, loans made to the LLC or guaranteed by a member (or a member affiliate) generally are treated as recourse
for the debt allocation rules.
The alternative arrangement is non recourse
factoring where the only recourse
available to factors for non-payment is against the purchasers themselves (except in specific circumstances such as situations involving a commercial dispute between the company and the purchaser).
The engineering and construction company said the recent debt issuance from its Abengoa Greenfield subsidiary would be considered non- recourse
and would not be included in its corporate leverage metrics.
The proceeds of this $7MM, 65% loan-to-value non-recourse loan were used by the borrower, A&M Hospitality, for the refinance of recourse
, local bank renovation debt.
Cagamas purchases loans and financing on a recourse
basis ('purchase with recourse
' or PWR) as well as on a non-recourse ('purchase without recourse
' or PWOR) basis from originating financial institutions, corporate and the government, and issues debt securities to fund its purchases.
In many criminal procedural legislations, the recourse
for the law's interest as an extraordinary means of attack has a special legal finality in the sense that if admitted, the cassation of the decisive criminal decision attacked is aimed to settle and indicate certain conducts within instances and by no means to retrial, as it is the case of the classic recourse
so to speak.
NAA/NMHC and a coalition of trade groups have filed a "friend of the court" brief in an important case pending before the Michigan Supreme Court that could have a chilling effect on conduit borrowers, including apartment firms, by converting non-recourse loans into recourse
loans (Wells Fargo Bank, N.A.
The lender's recourse
is only to the mortgaged property, even if the lender suffers a deficiency after a sale of the property.
Summary: TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad blasted the tyrannical world order, describing it as the root cause of existing problems in the world and stressed that recourse
to Quran will provide solution for Mankind problems.
Crossroads-Maiden Lane LLC of New York is seeking a deficiency judgment of $65.4 million, alleging the investors triggered recourse
liability when management of the property moved to Little Rock's Flake & Kelley Commercial.
Summary: ALGIERS- The National Fund of Farmer's Mutual Plan (CNMA-Bank), currently managed by an administrator, envisions the recourse
to international expertise and assistance for its restructuration project.
The type of recourse
is more dominant in factoring service.
INTERNATIONAL TRADE LAW--ORIGINAL DSB RULINGS APPLY TO SUBSEQUENT REMEDIAL MEASURES--United States--Tax Treatment for "Foreign Sales Corporations," Second Recourse
to Article 21.5 of the DSU by the European Communities, WT/DS108/36 (March 14, 2006).