Partners’ Loans Sample Clauses

The 'Partners’ Loans' clause defines the terms under which partners in a partnership may lend money to the partnership entity. Typically, this clause outlines the conditions for such loans, including interest rates, repayment schedules, and the priority of repayment compared to other partnership obligations. By establishing clear rules for partner loans, the clause ensures transparency and fairness, preventing disputes over financial contributions and repayments within the partnership.
Partners’ Loans. Loans by any Partner to the Partnership shall not be considered Capital Contributions to the Partnership and shall not increase the Capital Account of the lending Partner.
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Partners’ Loans. Each partner agrees to loan the partnership $__________ to bear an agreed upon interest and be secured with a promissory note executed by the partnership. When all partners consent, any partner may loan such additional amounts to the partnership bearing such interest and on such terms as may be agreed upon.
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Partners’ Loans. All amounts loaned by the Partners to the Partnership pursuant to Section 3.04 hereof or in satisfaction of a Partner's own obligation under Section 3.05(A) hereof. Partners' Loans shall be payable, as set forth in this Agreement, from and out of Partnership assets, but otherwise shall be made on a "no-recourse" basis and no Partner shall have any personal liability in respect of any thereof.
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Partners’ Loans. 1.13. Person.
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Partners’ Loans. All amounts loaned by Partners to the Partnership pursuant to Section 3.2 hereof.
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Related to Partners’ Loans

  • General Partner Loans The General Partner, on behalf of the Partnership, may obtain any Additional Funds by causing the Partnership to incur Debt to the General Partner if (i) such Debt is, to the extent permitted by law, on substantially the same terms and conditions (including interest rate, repayment schedule, and conversion, redemption, repurchase and exchange rights) as Funding Debt incurred by the General Partner, the net proceeds of which are loaned to the Partnership to provide such Additional Funds, or (ii) such Debt is on terms and conditions no less favorable to the Partnership than would be available to the Partnership from any third party; provided, however, that the Partnership shall not incur any such Debt if any Partner would be personally liable for the repayment of such Debt (unless such Partner otherwise agrees).

  • Advances; Loans; Pledges You authorize the Manager to advance the Manager’s own funds for your account, charging current interest rates, and to arrange loans for your account for the purpose of carrying out the provisions of the applicable AAU and any Intersyndicate Agreement, and in connection therewith, to hold or pledge as security therefor all or any securities which the Manager may be holding for your account under the applicable AAU and any Intersyndicate Agreement, to execute and deliver any notes or other instruments evidencing such advances or loans, and to give all instructions to the lenders with respect to any such loans and the proceeds thereof. The obligations of the Underwriters under loans arranged on their behalf will be several in proportion to their respective Original Underwriting Obligations, and not joint. Any lender is authorized to accept the Manager’s instructions as to the disposition of the proceeds of any such loans. In the event of any such advance or loan, repayment thereof will, in the discretion of the Manager, be effected prior to making any remittance or delivery pursuant to Section 8.2, 8.3, or 9.2 hereof.

  • Member Loans The Member may make loans (“Member Loans”) to the Company, which shall bear interest and be repaid on such reasonable terms and conditions as may be approved by the Member.

  • Guaranties; Loans The Company shall not guarantee nor be liable in any manner, whether directly or indirectly, or become contingently liable after the date of this Agreement in connection with the obligations or indebtedness of any person or persons, except for (i) the indebtedness currently secured by the liens identified on the Pledged Property identified on Exhibit A hereto and (ii) the endorsement of negotiable instruments payable to the Company for deposit or collection in the ordinary course of business. The Company shall not make any loan, advance or extension of credit to any person other than in the normal course of its business.

  • Securities Loans Upon receipt of Proper Instructions, the Custodian shall, in connection with loans of securities by a Portfolio, deliver securities of such Portfolio to the borrower thereof prior to receipt of the collateral, if any, for such borrowing; provided that, in cases of loans of securities secured by cash collateral, the Custodian's instructions to the Securities System shall require that the Securities System deliver the securities of the Portfolio to the borrower thereof only upon receipt of the collateral for such borrowing. Upon receipt of Proper Instructions, the Custodian shall release the collateral received in respect of a loan of securities to the borrower against receipt of the loaned securities.