Creditor’s Interest in the Partnership. No creditor who makes a loan to the Partnership shall have or acquire at any time as a result of making the loan, any direct or indirect interest in the profits, capital or property of the Partnership other than as a creditor.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Pope Resources LTD Partnership), Limited Partnership Agreement (Pope Resources LTD Partnership), Limited Partnership Agreement
Creditor’s Interest in the Partnership. No creditor who makes a loan to the Partnership shall have or acquire at any time as a result of making the loan, loan any direct or indirect interest in the profits, capital or property of the Partnership other than as a creditor. None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditors of the Partnership.
Appears in 3 contracts
Samples: Agreement of Limited Partnership (Royal Hawaiian Orchards, L.P.), Agreement of Limited Partnership (Royal Hawaiian Orchards, L.P.), Agreement of Limited Partnership (Ml Macadamia Orchards L P)
Creditor’s Interest in the Partnership. No creditor who makes a loan to the Partnership shall have or acquire at any time as a result of making the loan, loan any direct or indirect interest in the profits, capital capital, or property of the Partnership other than as a creditor, unless otherwise specifically provided for in the loan documentation. None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditors of the Partnership.
Appears in 1 contract
