Additional Capital Loans Sample Clauses

Additional Capital Loans. On the Put Date, accrued interest on the Additional Capital Loans will be paid by the Original Limited Partner out of the proceeds of a Minimum LP Distribution from the Partnership to the Original Limited Partner. Following payment of the foregoing obligations, any remaining net proceeds will be distributed to the Original Limited Partner, or at the General Partner's option, in accordance with Section 5.4 hereof. If the proceeds from the exercise of a Put are insufficient to pay any Completion Fee and repay the Additional Capital Loans, the Original Limited Partner (and the putting Members) will not receive any distribution in respect of the Put, but the Original Limited Partner (and the Members) will not be liable for such unpaid Additional Capital Loans coming due on the Put Date. In that event, the limited partnership interests which are Put to the General Partner shall be transferred subject to the unpaid portion of the Additional Capital Loans attributable thereto, or in satisfaction of such amount as the case may be.