Common use of Status of Creditor Clause in Contracts

Status of Creditor. No creditor who makes a nonrecourse loan to the Partnership shall 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 3 contracts

Samples: Jacob Leinenkugel Brewing Co., LLC, Agreement (Advanced Prosthetics of America, Inc.), Molson Coors Capital Finance ULC

AutoNDA by SimpleDocs

Status of Creditor. No creditor who makes a nonrecourse non-recourse loan to the Partnership shall 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: Hartman Commercial Properties Reit

AutoNDA by SimpleDocs

Status of Creditor. No creditor who makes a nonrecourse loan to the Partnership shall 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.. ARTICLE IX

Appears in 1 contract

Samples: JMA Associates, Inc.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!