Advances by Partners. If the Partnership does not have sufficient cash to pay its obligations, the General Partner, or any Limited Partner(s) that may agree to do so with the General Partner’s consent, may advance all or part of the needed funds to or on behalf of the Partnership. Payment by the General Partner on account of liability as a matter of law for Partnership obligations is deemed to be an advance under this Section 4.03. An advance described in this Section 4.03 constitutes a loan from the Partner to the Partnership, bears interest at a rate determined by the General Partner (and, if applicable, the Limited Partner making the advance) from the date of the advance until the date of payment, and is not a Capital Contribution.
Advances by Partners. Except as approved by the General Partner, or otherwise provided for specifically herein, no Partner may advance any money or other property to, or contribute any money or property to, the Partnership.
Advances by Partners. If the Partnership does not have sufficient cash to pay its obligations, any Partner(s) that may agree to do so may advance all or part of the needed funds to or on behalf of the Partnership if the Consent of the General Partner is obtained. An advance described in this Section 5.4 constitutes a loan from the Partner to the Partnership, bears interest at the Prime Rate from the date of the advance until the date of repayment, and is not a capital contribution.
Advances by Partners. If the Partnership does not have sufficient cash to pay its obligations, with the approval of the Board of Supervisors, the General Partner or any of the Limited Partners may (but shall have no obligation to) advance all or part of the needed funds to or on behalf of the Partnership, which advance shall constitute a loan from such Partner to the Partnership, shall bear interest at the rate determined by the Board of Supervisors in this sole discretion from the date of the advance until the date of payment, and shall not be a Capital Contribution. Any advance made by the General Partner or any of the Limited Partners shall be repaid by the Partnership prior to any distributions under Sections 5.3.
Advances by Partners. If the Partnership does not have sufficient cash to pay its obligations, then with the approval of the General Partner, any or all of the Limited Partners may (but will have no obligation to) advance all or part of the needed funds to or on behalf of the Partnership, which advances will constitute a loan from each such Limited Partner to the Partnership, will bear interest and be subject to such other terms and conditions as agreed by each such Limited Partner and the General Partner and will not be deemed to be a Capital Contribution.
Advances by Partners. If the Partnership does not have sufficient cash to pay its obligations generally or with respect to any Series, the General Partner or any of its Affiliates may (but shall have no obligation to) advance all or part of the needed funds to or on behalf of the Partnership or such Series, which advance shall constitute a loan from the General Partner or such Affiliate to the Partnership or such Series, shall bear interest at the General Interest Rate from the date of the advance until the date of payment, and shall not be a Capital Contribution. Any such advance made by the General Partner or such Affiliate shall be repaid by the Partnership or such Series, as applicable, prior to any distributions under Section 5.02.
Advances by Partners. 11 Section 4.5. No Preemptive Rights................................................11 Section 4.6.
Advances by Partners. If the Partnership does not have sufficient cash to pay its obligations, any Partner(s) that may agree to do so may advance all or part of the needed funds to or on behalf of the Partnership (provided the Partner has made its Capital Contribution). An advance
Advances by Partners. If the Partnership does not have ~ufficient cash to pay its obligations, the Managing General Partner, or any other Partner or Parrners that may agree to do so with the Managing General Partner's consent, may advance all c r part of the needed funds to or on behalf of the Partnership. Payment by a General Partner on account of liability as a matter of law for Partnership obligations is deemed to be an idvance under this Section 4.04. An advance described in this Section 4.04 constitutes a loan from the Partner to the Partnership, bears interest at the General Interest Rate from the date of the advance until the date of payment, and is not a Capital Contribution. 4.05
Advances by Partners. 15 4.05 Cap ital Accounts.......................................15 ARTICLE V ALLOCATIONS AND DISTRIBUTIONS 5.01 Allocations.............................................16 5.02 Di8tributions...........................................17 ARTICLE VI MANAGEMENT AND OPERATION 6.01 Management of Partnership Affairs.......................18 6.02 Compensation............................................19 6.03
