Common use of Recourse Guaranty Clause in Contracts

Recourse Guaranty. Any general recourse guarantee by the Borrower or any Restricted Subsidiary of Indebtedness pursuant to a Permitted Securitization of the type described in clause (b), (c) or (d) of the definition of such term, which guarantee is either unsecured or secured solely by a pledge of the Capital Stock of the Securitization Entity that is a party to such Permitted Securitization.

Recourse Guaranty. Any general recourse guarantee by the Borrower or any Restricted Subsidiary of Indebtedness pursuant to a Permitted Securitization of the type described in clause (b), (c) or (d) of the definition of such term, term which guarantee is either unsecured or secured solely by a pledge of the Capital Stock of the Additional Securitization Entity that is a party to entering into such Permitted Securitization.