Partner Loans. If the Partnership shall have insufficient cash to pay its obligations, any Partner, with the approval of the Limited Partner and the General Partner, may advance such funds for the Partnership on such terms and conditions as the lending Partner, the Limited Partner, and the General Partner may determine. Each such advance shall constitute a loan from such Partner to the Partnership and shall not constitute a Capital Contribution.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Cedar Income Fund LTD /Md/), Limited Partnership Agreement (Cedar Income Fund LTD /Md/), Limited Partnership Agreement (Cedar Income Fund LTD /Md/)
Partner Loans. If the Partnership shall have insufficient cash to pay its obligations, any Partner, with the approval of the Limited Preferred Partner and the General Partner, may advance such funds for the Partnership on such terms and conditions as the lending Partner, the Limited Preferred Partner, and the General Partner may determine. Each such advance shall constitute a loan from such Partner to the Partnership and shall not constitute a Capital Contribution.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Cedar Income Fund LTD /Md/), Limited Partnership Agreement (Cedar Income Fund LTD /Md/)
Partner Loans. If the Partnership shall have insufficient cash to pay its obligations, any Partner, with the approval of the Limited Partner and the General Partner, in its sole discretion, may advance such funds for to the Partnership on such terms and conditions as the lending Partner, the Limited Partner, and the General Partner it may determine. Each such advance shall constitute a loan from such the General Partner to the Partnership and shall not constitute a Capital Contributioncapital contribution.
Appears in 1 contract
Samples: Home Interiors & Gifts Inc
