Common use of Cover Payment Clause in Contracts

Cover Payment. If a Participant defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant (a “Cover Payment”). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant (a “"Cover Payment”"). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.39.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant Member defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant Member may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant Member (a “Cover Payment”). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.311.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant (a “Cover Payment”"COVER PAYMENT"). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section SECTION 10.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant Member defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant Member may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant Member (a “Cover Payment”). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.311.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant Member defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant Member may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant Member (each such advance, a “"Cover Payment”"). Each and every Cover Payment shall constitute be deemed a demand loan bearing interest from the date of the advance at the rate provided in Section 10.311.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment Payments shall apply to the aggregated Cover Payments. The failure to repay such a loan upon demand shall be a default.

Cover Payment. If a Participant Member defaults in making a contribution or a cash call required by an adopted Program and Budget, the non-defaulting Participant Member may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant Member (a “"Cover Payment”"). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.311.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant Member defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant Member may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant Member (a “"Cover Payment”"). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.311.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant (a “"Cover Payment”"). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant (a “"Cover Payment”"). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.310.3 . If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant Member defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant Member may, but shall not be obligated to, advance some portion or all of the entire amount in default on behalf of the defaulting Participant Member (a “Cover Payment”). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.39.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant defaults in making a contribution or cash call required by an adopted Program and Budget, the non-defaulting Participant may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant (a “”Cover Payment”). Each and every Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. (a) If a Participant Member defaults in making a contribution or cash call Capital Call required by an adopted Program and Budget, the non-defaulting Participant Member may, but shall not be obligated to, advance to the Company some portion or all of the amount in default on behalf of the defaulting Participant Member (a “Cover Payment”). Each and every Cover Payment shall constitute a demand loan to the defaulting Member bearing interest from the date of the advance at the rate provided in Section 10.313.3. If more than one Cover Payment is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.

Cover Payment. If a Participant Member defaults in making a contribution or cash call required by an adopted Program and BudgetBudget Stage, the non-defaulting Participant Member may, but shall not be obligated to, advance some portion or all of the amount in default on behalf of the defaulting Participant Member (a “Cover Payment”"COVER PAYMENT"). Each and every -------------- Cover Payment shall constitute a demand loan bearing interest from the date of the advance at the rate provided in Section 10.3SECTION 11.3. If more than one Cover Payment ------------ is made, the Cover Payments shall be aggregated and the rights and remedies described herein pertaining to an individual Cover Payment shall apply to the aggregated Cover Payments. The failure to repay such loan upon demand shall be a default.