ADVANCES BY THE GENERAL PARTNER. The General Partner may advance any monies to the Partnership required for the business of the Partnership, but the General Partner has no obligation to do so. Such advances shall be deemed a loan by the General Partner to the Partnership and shall not be deemed a Capital Contribution. Such loans shall bear interest as provided in Section 6.6 of this Agreement.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)
ADVANCES BY THE GENERAL PARTNER. The General Partner may advance any monies to the Partnership any moneys or funds required for the business of the Partnership, but the General Partner has no obligation to do so. Such advances shall be deemed a loan by the General Partner to the Partnership and shall not be deemed a Capital Contribution. Such loans Each such loan shall bear interest as provided in Section 6.6 of this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Performance Asset Management Co)
