Loans by the Partners Sample Clauses

Loans by the Partners. Neither the General Partners nor the Limited Partners shall make any loans to the Partnership. No loans or any other financing may be made by or obtained from any General Partner or other sponsor of the Partnership.
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Loans by the Partners. If the General Partner determines that the Partnership needs additional capital, it may request that the Partners make loans to the Partnership. Then each Partner shall have the option, but not the obligation, to loan to the Partnership some or all of the aggregate amount of the requested loan. Any loans made by the Partners shall not be considered to be contributions to the capital of the Partnership.
Loans by the Partners. In addition to the above specific; advances , FSI shall loan or cause to be loaned to the Limited Partnership such sums as the Partners deem appropriate and necessary for the conduct of the Limited Pat2uarship's business. Loans made bar FSI shelf be due upon the closing of the Purchase Agreecne>2t for the Hotel Land. Upon full payment of the Land Purchase Agrt. no fUrtler advances shall be required. Either Partner tray ads say funds required at 2'%6 over LIBOR
Loans by the Partners. None of the Partners shall be required to make loans to the Partnership. The Partners may, however, lend funds to the Partnership with the consent of the General Partner, and upon such terms and conditions as agreed to by the General Partner and the Partner making the loan. A loan made by a Partner shall not be deemed to be a capital contribution for any purpose whatsoever.
Loans by the Partners. Any Partner may, from time to time, but shall not be required to, make loans to the Partnership. Such loans shall bear interest and be repaid in a manner no less favorable than similar loans then being made by nationally chartered banks located in the State of California. Such loans shall not result in an increase in the interest of any lender Partner in the capital of the Partnership. Such loans shall be prior in right to the interest of the Partners upon dissolution or termination of the Partnership.

Related to Loans by the Partners

  • Action by the Partners A. Meetings of the Partners may be called by the General Partner and shall be called upon the receipt by the General Partner of a written request by Limited Partners holding twenty-five percent (25%) or more of the Partnership Interests held by Limited Partners. The notice shall state the nature of the business to be transacted. Notice of any such meeting shall be given to all Partners not less than seven days nor more than 30 days prior to the date of such meeting. Partners may vote in person or by proxy at such meeting. Whenever the vote or Consent of the Limited Partners or of the Partners is permitted or required under this Agreement, such vote or Consent may be given at a meeting of Partners or may be given in accordance with the procedure prescribed in Section 14.1.

  • Loans by Third Parties The Partnership may incur Debt, or enter into similar credit, guarantee, financing or refinancing arrangements for any purpose (including in connection with any acquisition of property) with any Person upon such terms as the General Partner determines appropriate.

  • Distributions by the Agent Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 33.3 (Distributions to an Obligor) and Clause 33.4 (Clawback) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than five (5) Business Days’ notice with a bank in the principal financial centre of the country of that currency (or, in relation to Euro, in the principal financial centre of a Participating Member State or London).

  • Actions by the Member All actions of the Member may be taken by written resolution of the Member which shall be signed on behalf of the Member by an authorized officer of the Member and filed with the records of the Company.

  • Partial Terminations by the Purchasers In the event so instructed by the Purchasers in writing after the Closing Date and at the Purchasers’ sole expense, each Seller shall execute documents prepared by the Purchasers and reasonably acceptable to such Seller resigning or appointing a successor Appointed Trustee under any Serviced Appointment for which such Seller acts as Appointed Trustee (other than with respect to any Serviced Appointment that is an Excluded Appointment), and shall reasonably cooperate, at the Purchasers’ sole expense, as instructed by the Purchasers, in finding a qualified successor Appointed Trustee, including executing any documents prepared by the Purchasers in connection with the application to a court of competent jurisdiction to appoint a successor Appointed Trustee.

  • Distributions by the Facility Agent Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 31.3 (Distributions to an Obligor) and Clause 31.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five Business Days’ notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London).

  • Loans by Members No Member, as such, shall be required to lend any funds to the Company or to make any additional contribution of capital to the Company, except as otherwise required by applicable law or by this Agreement. Any Member may, with the approval of the Board, make loans to the Company, and any loan by a Member to the Company shall not be considered to be a Capital Contribution.

  • Termination by the Purchaser This Agreement may be terminated by the Purchaser at any time prior to the Effective Time if:

  • TERMINATION BY THE PARTIES This Agreement may be terminated upon sixty (60) days’ written notice (a) by the Independent Directors of the Company or the Advisor, without Cause and without penalty, (b) by the Advisor for Good Reason, or (c) by the Advisor upon a Change of Control. The provisions of Sections 19 through 31 of this Agreement shall survive termination of this Agreement.

  • Deliveries by the Purchaser At the Closing, the Purchaser shall deliver or cause to be delivered the following to the Company:

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