Common use of Nonrecourse Creditors Clause in Contracts

Nonrecourse Creditors. A creditor who makes a nonrecourse loan to the Partnership will not have or acquire, at any time as a result of making the loan, any direct or indirect interest in the profits, capital, or property of the Partnership other than as a secured creditor.

Appears in 4 contracts

Samples: Agreement (Atlantic Oklahoma Wind, LLC), Real Estate Associates LTD Iv, Real Estate Associates LTD Vi

AutoNDA by SimpleDocs

Nonrecourse Creditors. A creditor who makes a nonrecourse loan to the Partnership will must not have or acquire, at any time as a result of making the loan, any direct or indirect interest in the profits, capital, or property of the Partnership other than as a secured creditor.

Appears in 2 contracts

Samples: Real Estate Associates LTD Ii, Real Estate Associates LTD Iii

Nonrecourse Creditors. A creditor who makes a nonrecourse loan to the Partnership will must not have or acquire, at any time as a result of making the loan, any direct or indirect interest in the profits, capital, capital or property of the Partnership other than as a secured creditor.

Appears in 2 contracts

Samples: Partnership Agreement (Jones Programming Partners 1-a LTD), Limited Partnership Agreement (Jones Programming Partners 2-a LTD)

Nonrecourse Creditors. A creditor who makes a nonrecourse loan to the Partnership will not must now have or acquire, at any time as a result of making the loan, any direct or indirect interest in the profits, capital, or property of the Partnership other than as a secured creditor.

Appears in 1 contract

Samples: Real Estate Associates LTD/Ca

AutoNDA by SimpleDocs

Nonrecourse Creditors. A No creditor who makes a nonrecourse loan to the Partnership will not have or acquire, acquire at any time time, as a result of making the loan, any direct or indirect interest in the profits, capital, or property of the Partnership other than as a secured creditor.

Appears in 1 contract

Samples: Certificate and Agreement (American Capital Exchange Fund)

Time is Money Join Law Insider Premium to draft better contracts faster.