Loans From Unitholders. Loans by Unitholders to the Company shall not be considered Capital Contributions. If any Unitholder shall loan funds to the Company in excess of the amounts required hereunder to be contributed by such Unitholder to the capital of the Company, the making of such loans shall not result in any increase in the amount of the Capital Account of such Unitholder. The amount of any such loans shall be a debt of the Company to such Unitholder and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Loans From Unitholders. Loans by Unitholders to the Company shall not be considered Capital Contributions.
Loans From Unitholders. Loans by Unitholders to the LLC shall not be considered Capital Contributions. If any Unitholder shall advance funds to the LLC in excess of the amounts required hereunder to be contributed by him to the capital of the LLC, the making of such advance shall not result in any increase in the amount of the Capital Account of such Unitholder. The amount of any such advance shall be a debt of the LLC to such Unitholder and shall be payable or collectible in accordance with the terms and conditions upon which such advances are made, as agreed upon by the LLC (with the approval of the Board) and such Unitholder. Notwithstanding the foregoing provisions of this Section 3.7, the LLC shall use its best efforts to refrain from any activity that would cause a Member (or any holder of direct or indirect interests in a Member) to recognize “unrelated business taxable income” under Sections 511-514 of the Code.
Loans From Unitholders. Loans by Unitholders to the Partnership shall not be considered Capital Contributions. If any Unitholder shall transfer funds to the Partnership in excess of the amounts required hereunder to be contributed by such Unitholder to the capital of the Partnership, the transfer of such excess shall not result in any increase in the amount of the Capital Account of such Unitholder. The amount of any such excess, to the extent approved by the General Partner and the Unitholder, shall be a debt of the Partnership to such Unitholder and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Loans From Unitholders. DISTRIBUTIONS; REDEMPTIONS AND ALLOCATIONS
Loans From Unitholders. If Unitholders make loans to the LLC (subject to Section 5.1(b)(iv)); (a) such loans shall not be considered Capital Contributions; (b) the making of such loans shall not result in any increase in the amount of the Capital Account of such Unitholder; and (c) the amount of any such loans shall be a debt of the LLC to such Unitholder and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Loans From Unitholders. 12 Section 3.7........... Revaluations of Assets and Capital Account Adjustments. 12 ARTICLE IV DISTRIBUTIONS AND ALLOCATIONS. 13 Section 4.1........... Distributions. 13 Section 4.2........... Allocations. 14
Loans From Unitholders. Loans from Unitholders to Holdings LLC shall not be considered Capital Contributions. If any Unitholder loans funds to Holdings LLC in excess of the amounts required hereunder to be contributed by such Unitholder to the capital of Holdings LLC, the making of such loans shall not result in any increase in the amount of the Capital Account of such Unitholder. The amount of any such loans shall be a debt of Holdings LLC to such Unitholder and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made; provided, that such terms and conditions are no more favorable to such lending Unitholder than those which would be agreed to in an orderly transaction with a willing, unaffiliated lender in an arm’s-length transaction.
Loans From Unitholders. 36 3.10. Additional Terms Applicable to Value Units ...................................................... 36 3.11. Effects of a Trigger Event ..................................................................................... 36 3.12. Effects of an Excess Escrow Loss ......................................................................... 36
Loans From Unitholders. Loans by Unitholders to the Company shall not be considered Capital Contributions. If any Unitholder shall transfer funds to the Company in excess of the amounts required hereunder to be contributed by such Unitholder to the capital of the Company, the transfer of such excess shall not result in any increase in the amount of the Capital Account of such Unitholder. The amount of any such excess, to the extent approved by the Board and the Unitholder, shall be a debt of the Company to such Unitholder and shall be payable or collectible in accordance with such terms and conditions as are set by the Board and agreed to by such Unitholder and otherwise promptly repaid to such Unitholder.
