Loans from the General Partner. LOANS OR CONTRIBUTIONS FROM THE PARTNERSHIP; CONTRACTS WITH AFFILIATES;
Loans from the General Partner. Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner.
(a) The General Partner or its Affiliates may lend to any Group Member or JV Entity, and any Group Member or JV Entity may borrow from the General Partner or any of its Affiliates, funds needed or desired by the Group Member or the JV Entity for such periods of time and in such amounts as the General Partner may determine; provided, however, that in any such case the lending party may not charge the borrowing party interest at a rate greater than the rate that would be charged the borrowing party or impose terms less favorable to the borrowing party than would be charged or imposed on the borrowing party by unrelated lenders on comparable loans made on an arm's-length basis (without reference to the lending party's financial abilities or guarantees). The borrowing party shall reimburse the lending party for any costs (other than any additional interest costs) incurred by the lending party in connection with the borrowing of such funds. For purposes of this Section 7.6(a) and Section 7.6(b), the term "Group Member" shall include any Affiliate of a Group Member that is controlled by the Group Member. No Group Member may lend funds to the General Partner or any of its Affiliates (other than the MLP, a Subsidiary of the MLP or a Subsidiary of another Group Member).
Loans from the General Partner. Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner
Loans from the General Partner. Loans or Contributions from the Company; Contracts with the General Partner and its Affiliates; Certain Restrictions on the General Partner 35 Section 7.7. Indemnification 36 Section 7.8. Liability of Indemnitees 38
Loans from the General Partner. Loans or Contributions from the Partnership;
Loans from the General Partner. Loans or Contributions from the Partnership or Group Members 31 Section 7.8 Indemnification 31 Section 7.9 Liability of Indemnitees 32
Loans from the General Partner. The General Partner or any of its Affiliates may lend to the Partnership funds needed by the Partnership for such periods of time as the General Partner may determine; provided that (i) interest on such indebtedness shall not exceed (A) the actual interest cost (including points or other financing charges or fees, if any) that the lending General Partner or Affiliate is required to pay on funds borrowed by it, or (B) the interest rate that would be charged the Partnership by unaffiliated third parties or banks on comparable loans for the same purpose (without reference to the General Partner’s financial abilities or guarantees) and (ii) the lending General Partner or Affiliate shall not receive points or other financing charges regardless of the amount. The Partnership shall reimburse the General Partner or Affiliate in connection with the borrowing of funds obtained by the lending General Partner or Affiliate from an unaffiliated third party and loaned to the Partnership.
Loans from the General Partner. (a) The General Partner or any GP Affiliate may lend to the Partnership funds needed by the Partnership subject to the provisions of Section 6.12(b), or provide a guarantee of any indebtedness incurred by the Partnership, for such periods of time as the General Partner may determine. The Partnership shall reimburse the General Partner or GP Affiliate, as the case may be, for any additional costs incurred by the General Partner or GP Affiliate in connection with: (i) the borrowing of funds obtained by the General Partner or GP Affiliate and loaned to the Partnership or (ii) in connection with the provision by the General Partner or GP Affiliate of a guarantee of any indebtedness incurred by the Partnership.
(b) At least fifteen (15) days prior to the issuance of debt by the Partnership to the General Partner or a GP Affiliate, the Partnership shall deliver a written notice (a "Participation Rights Notice") to each Subject Partner, setting forth:
(i) the amount of debt to be issued,
(ii) the interest rate at which and other terms and conditions upon which such debt is to be issued and
(iii) an irrevocable offer from the Partnership to issue and sell to each Subject Partner, on the same terms and conditions set forth in the Participation Rights Notice, the amount of debt equal to the product of the total amount of debt to be issued, as set forth in the Participation Rights Notice, multiplied by a fraction, the numerator of which is the number of Units held by the Subject Partner at the time the Participation Rights Notice is issued, and the 43 denominator of which is the number of Units held all Subject Partners at such time. The Subject Partners shall have absolute discretion to accept or decline such offers. If a Subject Partner wishes to accept any offer made pursuant to this Section 6.12, it shall give the Partnership irrevocable written notice of its election to accept such offer within ten (10) days of its receipt of the applicable Participation Rights Notice (which notice must specify acceptance of all debt offered to such Subject Partner in the Participation Rights Notice), and the closing thereunder (the "Participation Rights Closing") shall occur five (5) days thereafter (or, if not a Business Day, on the next Business Day thereafter) at the offices of the Partnership or at such other time and place as the parties shall agree.
Loans from the General Partner. LOANS OR CONTRIBUTIONS FROM THE PARTNERSHIP; CONTRACTS WITH AFFILIATES; CERTAIN RESTRICTIONS ON THE GENERAL PARTNER
(a) The General Partner or its Affiliates may lend to any Group Member or JV Entity, and any Group Member or JV Entity may borrow from the General Partner or any of its Affiliates, funds needed or desired by the Group Member or the JV Entity for such periods of time and in such amounts as the General Partner may determine; provided, however, that in any such case the lending party may not charge the borrowing party interest at a rate greater than the rate that would be charged the borrowing party or impose terms less favorable to the borrowing party than would be charged or imposed on the borrowing party by unrelated lenders on comparable loans made on an arm's-length basis (without reference to the lending party's financial abilities or guarantees). The borrowing party shall reimburse the lending party for any costs (other than any additional interest costs) incurred by the lending party in connection with the borrowing of such funds. For purposes of this Section 7.6(a) and Section 7.6(b), the term "Group Member" shall include any Affiliate of a Group Member that is controlled by the Group Member. No Group Member may lend funds to the General Partner or any of its Affiliates (other than the MLP, a Subsidiary of the MLP or a Subsidiary of another Group Member).
Loans from the General Partner. LOANS OR CONTRIBUTIONS FROM THE PARTNERSHIP; CONTRACTS WITH AFFILIATES; CERTAIN RESTRICTIONS ON THE GENERAL PARTNER.
(a) The General Partner or its Affiliates may lend to any Group Member or JV Entity, and any Group Member or TV Entity may borrow from the General Partner or any of its Affiliates, funds needed or desired by the Group Member or JV Entity for such periods of time and in such amounts as the General Partner may determine; provided, however, that in any such case the lending party may not charge the borrowing party interest at a rate greater than the rate that would be charged the borrowing party or impose terms less favorable to the borrowing party than would be charged or imposed on the borrowing party by unrelated lenders on comparable loans made on an arm’s-length basis (without reference to the lending party’s financial abilities or guarantees). The borrowing party shall reimburse the lending party for any costs (other than any additional interest costs) incurred by the lending party in connection with the borrowing of such funds. For purposes of this Section 7.6(a) and Section 7.6(b), the term “GROUP MEMBER” shall include any Affiliate of a Group Member that is controlled by the Group Member. No Group Member may lend funds to the General Partner or any of its Affiliates (other than another Group Member).
(b) The Partnership may lend or contribute to any Group Member or JV Entity, and any Group Member or JV Entity may borrow from the Partnership, funds on terms and conditions established in the sole discretion of the General Partner; provided, however, that the Partnership may not charge the Group Member or JV Entity interest at a rate less than the rate that would be charged to the Group Member or JV Entity (without reference to the General Partner’s financial abilities or guarantees) by unrelated lenders on comparable loans. The foregoing authority shall be exercised by the General Partner in its sole discretion and shall not create any right or benefit in favor of any Group Member, JV Entity or any other Person.
(c) The General Partner may itself, or may enter into an agreement with any of its Affiliates to, render services to a Group Member or JV Entity or to the General Partner in the discharge of its duties as general partner of the Partnership. Any services rendered to a Group Member or JV Entity by the General Partner or any of its Affiliates shall be on terms that are fair and reasonable to the Partnership; provided, however, that ...
