Common use of Borrow Clause in Contracts

Borrow. To borrow money and, if security is required therefor, to subject any Partnership property to any security device, to obtain replacements of any security device, and to prepay, in whole or in part, refinance, increase, modify, consolidate or extend any mortgage or other security device, all of the foregoing on such terms and in such amounts as the General Partner, in its sole discretion, deems to be in the best interest of the Partnership.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)

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Borrow. To borrow money and, if security is required therefor, to subject any Partnership property to any security device, to obtain replacements of any security device, and to prepay, in whole or in part, refinance, increase, modify, consolidate or extend any mortgage or other security device, all of the foregoing on at such terms and in such amounts as the General Partner, in its sole discretion, deems to be in the best interest interests of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Performance Asset Management Co)

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Borrow. To borrow money and, if security is required therefor, to subject any Partnership property to any security device, to obtain replacements of any security device, and to prepay, in whole or in part, refinance, increase, modify, consolidate or extend any mortgage or other security device, all of the foregoing on such terms and in such amounts as the General Partner, in its sole discretion, deems to be in the best interest interests of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Performance Asset Management Co)

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