Common use of Rights of Creditors Clause in Contracts

Rights of Creditors. A creditor who makes a nonrecourse loan to the Partnership shall not have or acquire at any time, solely 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 creditor or secured creditor, as the case may be.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Man Ahl Diversified I Lp), Limited Partnership Agreement (Man Ahl Diversified I Lp), Limited Partnership Agreement (Man Ahl Diversified I Lp)

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Rights of Creditors. A creditor who makes a nonrecourse loan to the Partnership Company shall not have or acquire at any time, solely as a result of making the loan, any direct or indirect interest in the profits, capital or property of the PartnershipCompany, other than as a creditor or secured creditor, as the case may be.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Agreement (Frontier Fund)

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