Recourse JV Obligations
Recourse JV Obligations. The maximum contractual liability (whether actual or contingent) from recourse obligations, repayment guaranties and Maintenance Guaranties of the Borrower or any of its Subsidiaries with respect to Indebtedness (other than Joint Venture Non-Recourse Indebtedness) of any Joint Venture.
All Definitions
Found in
Lennar Corp. contract