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Nonrecourse Debt Definition Clause Sample

Book Publication Date: Nov 2014
Description: Nonrecourse debt in the corporate finance context is indebtedness unavailable to lenders. This sample clause gives a definition of nonrecourse debt to use in a corporate finance agreement.
Type: Contract Clauses
PLI Item #: 127897
Practice Area: Banking and finance, Corporate finance, Corporate law, Deal structuring, Debt instruments, Mergers and acquisitions, Securities and other financial products

Keywords: "nonrecourse debt"; "restricted subsidiaries"; "direct credit support"; stock; guarantor; undertaking; lender

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