Common use of Loans by the Partners Clause in Contracts

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.

Appears in 4 contracts

Samples: Agreement (Capital Senior Living Corp), Agreement (Capital Senior Living Corp), Agreement (Capital Senior Living Corp)

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