Loans from Partners. Loans by Partners to the Partnership shall not be considered Capital Contributions. Subject to the provisions of Section 3.01(c), the amount of any such advances shall be a debt of the Partnership to such Partner and shall be payable or collectible in accordance with the terms and conditions upon which such advances are made.
Appears in 10 contracts
Samples: Contribution Agreement (Sitio Royalties Corp.), Form of Joinder Agreement (Kinetik Holdings Inc.), Form of Joinder Agreement (Penn Virginia Corp)
Loans from Partners. Loans by Partners to the Partnership shall not be considered Capital Contributions. Subject If any Partner shall loan funds to the provisions Partnership, then the making of Section 3.01(c), such loans shall not result in any increase in the Capital Account balance of such Partner. The amount of any such advances loans shall be a debt of the Partnership to such Partner and shall be payable or collectible in accordance with the terms and conditions upon which such advances loans are made.
Appears in 1 contract
Loans from Partners. Loans by Partners to the Partnership shall not be considered Capital Contributions. Subject to the provisions of Section 3.01(c), the amount of any such advances shall be a debt of the Partnership to such Partner and shall be payable or collectible in accordance with the terms and conditions upon which such advances are made.. Section 3.10
Appears in 1 contract
Samples: Execution Version Business Contribution Agreement (Summit Midstream Corp)
