Recourse Percentage

Example Definitions of "Recourse Percentage"
Recourse Percentage. With respect to each Purchased Asset, twenty-five percent (25%); provided, that notwithstanding the foregoing, if the Confirmation for any Purchased Asset expressly specifies a "Recourse Percentage" for such Purchased Asset, the Recourse Percentage for such Purchased Asset shall be the percentage so specified in such Confirmation.
Found in RMR Mortgage Trust contract
Recourse Percentage. With respect to each Purchased Asset, twenty-five percent (25%); provided, that notwithstanding the foregoing, if the Confirmation for any such Purchased Asset expressly specifies a higher percentage as the "Recourse Percentage" for such Purchased Asset, the Recourse Percentage for such Purchased Asset shall be the such higher percentage so specified in such Confirmation.
Found in Franklin BSP Real Estate Debt BDC contract
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