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Limited recourse: Difference between revisions
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So all an [[investment fund]]’s limited recourse clause needs to say is: | So all an [[investment fund]]’s limited recourse clause needs to say is: | ||
:''Our recourse against the Fund will be limited to its assets, rights and claims. | :''Our recourse against the Fund will be limited to its assets, rights and claims. Once they have been finally realised and their net proceeds applied under the agreement, the Fund will owe us no further debt and we may not take any further steps against it to recover any further sum.'' | ||
===[[Repackaging]]s and [[SPV]]s with contractually [[segregated]] pools=== | ===[[Repackaging]]s and [[SPV]]s with contractually [[segregated]] pools=== | ||