Loans by Partners. Except as otherwise provided in Section 4.5, no Partner shall be required or permitted to make any loans to the Partnership.
Loans by Partners. The Managing General Partner may borrow money on behalf of the Partnership from any Partner in such amounts and for such purposes as it considers necessary, convenient or incidental to the accomplishment of the purposes of the Partnership. Each loan to the Partnership by a Partner (excluding reimbursable expenses) shall be evidenced by a promissory note or similar instrument of the Partnership, may be secured by a lien on the Property, may bear interest at a rate determined by agreement between such Partner and the Managing General Partner and may be subject to such other terms and conditions as are agreed to by such Partner and the Managing General Partner. The Partnership may prepay each loan from a Partner in whole or in part, at any time and from time to time, without premium or penalty.
Loans by Partners. 7 Section 3.6
Loans by Partners. Subject to Section 14.02(c)(iii), no loan by any Partner or any Affiliate of any Partner to the Partnership (including, without limitation, any Partnership Loan) shall constitute a Capital Contribution to the Partnership or increase the Capital Account balance of any Partner, but shall be treated, for all purposes, as Indebtedness of the Partnership payable or collectible only out of the assets of the Partnership in accordance with the terms and conditions on which the loan was made.
Loans by Partners. Subject to the requirements of Article 5.2, any Partner or its Affiliates may make financing available to the Partnership as Optional Loans but shall have no obligation to do so. Any such party loaning money to the Partnership shall have the same rights regarding the loan as would any unaffiliated Person making the loan to the Partnership, except as may be otherwise expressly set for herein.
Loans by Partners. Subject to obtaining any approvals required under this Agreement for the Partnership to borrow funds, any Partner may (but shall not be obligated to) at any time, upon obtaining the consent of the General Partner and a Majority in Interest of the Limited Partners, loan money to the Partnership to finance Partnership operations, to pay the debts and obligations of the Partnership, or for any other Partnership purpose. If any Partner lends funds to the Partnership, such Partner shall be entitled to receive interest on such loan at an interest rate to be agreed upon by such Partner and each of the Partners.
Loans by Partners. Should any Partner make a loan to the Partnership, such Partner would be entitled to receive interest on any loan so made, but in no event shall such interest be in excess of the maximum legal rate then allowable pursuant to the usury law of the State of California.
Loans by Partners. No Partner shall be required to make loans to the Partnership. Loans may be made, however, with the approval of the Management Committee, by any Partner to the Partnership and such loans shall not be considered contributions to the capital of the Partnership. To the extent loans are made by any Partner to the Partnership, they shall be made on terms, as to interest rates and other finance charges, as are comparable to amounts that are charged by unrelated banks and other financial institutions on comparable loans for the same purpose.
Loans by Partners. No Partner has any obligation to lend or advance any funds to the Partnership under any circumstances. If any Partner shall advance funds to the Partnership, such Partner shall receive interest in an amount equal to the Interest Rate on the balance of such loan outstanding from time to time. Notwithstanding anything contained in this Agreement to the contrary, all loans made by a Partner to the Partnership, together with accrued interest thereon, shall be paid in full before any distributions are made to the Partners.
Loans by Partners. (a) A Partner shall not be required to lend any money to the Partnership.
(b) If the Partnership's funds are insufficient to meet its costs, expenses, obligations, liabilities or charges, or to make any expenditure authorized by this Agreement, upon written request made by the General Partner to all of the Partners (a "Loan Notice"), specifying the aggregate amount of the requested Partner Loan and the terms and conditions of the requested Partner Loan, including the date on which the Partner Loan must be made, any Limited Partner or General Partner may (but shall not be required to) advance such funds to the Partnership. ITT Partner shall have the right and option by written notice delivered to the General Partner within 10 business days of the delivery of the Loan Notice to commit to advance the entire principal amount of any requested Partner Loan on the terms and conditions specified by the General Partner. If ITT Partner does not exercise its right to advance requested Partner Loan, each Partner agreeing to make a Partner Loan shall have the right, but not the obligation, to participate in the total Partner Loan according to the ratio that its Profit Percentage bears to the Profit Percentage of all Partners participating in the Partner Loan. All amounts advanced to the Partnership as Partner Loans shall be evidenced by a note or other instrument. No loans to the Partnership (including guarantees of loans to the Partnership) may be made by any Partner or any Affiliate of a Partner except pursuant to this Section 3.2.
(c) In the event that any Partner or any of its Affiliates shall guarantee any obligation of the Partnership and shall be required to make payment pursuant to such guaranty, such payment shall constitute a Partner Loan pursuant to Section 3.2(b) from the date of such payment. Such Partner Loan shall be payable on demand, on such terms and conditions specified by the General Partner in a Loan Notice and subject to the provisions of Section 3.2(b) permitting (i) ITT Partner to advance all of such Partner Loan and (ii) each Partner to participate in the total Partner Loan according to the ratio that its Profit Percentage bears to the Profit Percentage of all Partners participating in the Partner Loan.
(d) The proceeds of a Partner Loan shall not be added to, or otherwise affect, the Capital Account or Capital Contribution of any Partner.
(e) Unless a Partner Consents, each Partner Loan shall be without recourse to such Partner and Affiliates ...
