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Common use of Loans to the Partnership Clause in Contracts

Loans to the Partnership. Any Partner will be permitted to make loans to the Partnership from time to time in such amounts and on such terms as such Partner and the Partnership may agree. In no event, however, will a Partner be permitted to loan funds to the Partnership on terms less favorable to the Partnership than those that could be obtained from an unrelated creditor.

Appears in 11 contracts

Samples: Partnership Agreement (American Banknote Corp), Partnership Agreement (Miller Lloyd I Iii), Partnership Agreement (Miller Lloyd I Iii)

Loans to the Partnership. Any Partner will be permitted to ------------------------ make loans to the Partnership from time to time in such amounts and on such terms as such Partner and the Partnership may agree. In no event, however, will a Partner be permitted to loan funds to the Partnership on terms less favorable to the Partnership than those that could be obtained from an unrelated creditor.

Appears in 2 contracts

Samples: Partnership Agreement (Aldila Inc), Partnership Agreement (Aldila Inc)