Common use of Loans from Partners Clause in Contracts

Loans from Partners. Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.

Appears in 81 contracts

Samples: Agreement (Ferrellgas L P), Ferrellgas Partners Finance Corp, Ferrellgas Partners Finance Corp

AutoNDA by SimpleDocs

Loans from Partners. Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets Assets in accordance with the terms and conditions upon which such advances are made.

Appears in 22 contracts

Samples: Contribution Agreement (Enbridge Energy Partners Lp), Contribution Agreement (Enbridge Energy Partners Lp), www.lw.com

Loans from Partners. Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder by the Formation Agreement to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets Assets in accordance with the terms and conditions upon which such advances are made.

Appears in 2 contracts

Samples: Original Agreement (Energy Transfer Equity, L.P.), Original Agreement (Energy Transfer Partners, L.P.)

Loans from Partners. Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.

Appears in 2 contracts

Samples: Agreement (Crosstex Energy Lp), Crosstex Energy Lp

Loans from Partners. Loans by a Partner Partners to the Partnership shall not constitute be considered Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it him to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.; provided that the terms of any such loan shall not be less favorable to the

Appears in 1 contract

Samples: Transwestern Holdings Lp

Loans from Partners. Loans by a Partner Partners to the Partnership shall not constitute be considered Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required (or, in the case of a Capital Contribution described in the last sentence of Section 3.1, permitted) hereunder to be contributed by it him to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with according to the terms and conditions upon which such advances are made.

Appears in 1 contract

Samples: Board of Trade of the City of Chicago Inc

Loans from Partners. Loans by a Partner to the Partnership shall not constitute be considered Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances advance shall not result in any increase in the amount of the Capital Account of such Partner. The amount amounts of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.

Appears in 1 contract

Samples: ARAMARK FHC Kansas, Inc.

Loans from Partners. Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.. 18

Appears in 1 contract

Samples: www.sec.gov

Loans from Partners. Loans by a Partner to the Partnership partnership shall not constitute be considered Capital Contributions. If any Partner shall advance funds to the Partnership partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnershippartnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership partnership to such Partner and shall be payable or collectible only out of the Partnership partnership assets in accordance with the terms and conditions upon which such advances are made.

Appears in 1 contract

Samples: Partnership Agreement (Energius Management LLC)

Loans from Partners. Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance advances funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.

Appears in 1 contract

Samples: Plum Creek Timber Co Inc

Loans from Partners. Loans by a Partner Partners to the Partnership shall not constitute be considered Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it him to the capital of the Partnership, the making of such excess advances advance shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances advance shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made, as agreed upon by the Partnership (with the approval of the General Partner) and such Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Edgen Murray II, L.P.)

AutoNDA by SimpleDocs

Loans from Partners. Loans by a Partner to the Partnership shall not constitute be considered Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by him or it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount amounts of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.

Appears in 1 contract

Samples: Agreement (Tc Pipelines Lp)

Loans from Partners. Loans by a Partner to the Partnership ------------------- shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.

Appears in 1 contract

Samples: Penn Octane Corp

Loans from Partners. Loans by a Partner Partners to the Partnership shall not constitute be considered Capital Contributions. If any Partner shall advance loan funds to the Partnership in excess of the amounts required hereunder to be contributed by it such Partner to the capital of the Partnership, the making of such excess advances loans shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances loans shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances loans are made.

Appears in 1 contract

Samples: Securities Purchase Agreement (Sanchez Energy Corp)

Loans from Partners. Loans by a Partner Partners to the Partnership shall not constitute be considered Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it the Partner to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount amounts of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.

Appears in 1 contract

Samples: Partnership Agreement (ServiceMaster Consumer Services Limited Partnership)

Loans from Partners. Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.. Alliance Resource Operating Partners, L.P.

Appears in 1 contract

Samples: Alliance Resource Partners Lp

Loans from Partners. Loans by a Partner to the Partnership shall not constitute Capital Contributions. If any Partner shall advance funds to the Partnership in excess of the amounts required hereunder to be contributed by it to the capital of the Partnership, the making of such excess advances shall not result in any increase in the amount of the Capital Account of such Partner. The amount of any such excess advances shall be a debt obligation of the Partnership to such Partner and shall be payable or collectible only out of the Partnership assets in accordance with the terms and conditions upon which such advances are made.. Section 5.6

Appears in 1 contract

Samples: Crosstex Energy Lp

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!