Credit Recovery Loan means a constructive interest-bearing advance of the Investment Limited Partner as more fully described in Section 5.1(f). Credit Recovery Loans and interest thereon shall not be treated as loans or interest, respectively, for accounting, tax or liability purposes or for the purposes of Section 6.2(a)(1). For the purposes of Article X, the term Credit Recovery Loan shall not include any portion of such an advance which shall have theretofore been paid to the Investment Limited Partner.
Credit Recovery Loan has the meaning set forth in Section 5.01(d)(iii).
Credit Recovery Loan means a constructive interest-bearing advance of the Investment Limited Partner, as more fully described in Section 5.1(g).
Examples of Credit Recovery Loan in a sentence
For the purposes of Article X, the term Credit Recovery Loan shall not include any portion of such a deemed advance which shall have theretofore been paid to the Investment Limited Partner.
More Definitions of Credit Recovery Loan
Credit Recovery Loan means the Class A Limited Partner's Credit Recovery Loan and the Class B Limited Partner's Credit Loan, each being a constructive interest-bearing advance of an Investment Limited Partner, as more fully described in Section 5.1(d)(i) and (ii). Credit Recovery Loans and interest thereon shall not be treated as loans or interest, respectively, for accounting, tax or liability purposes or for purposes of Section 6.2(a)(1). For the purposes of Article X, the term Credit Recovery Loan shall not include any portion of such an advance which shall have theretofore been paid to an Investment Limited Partner. Disposition (including the forms Dispose and Disposing) means, as to a Limited Partner, the assignment, sale, transfer, exchange or other disposition of all or any part of its Interest.
Credit Recovery Loan means the loan deemed to be made by the Investor Member to the Company, as more particularly described in Section 5.11C.
Credit Recovery Loan means a constructive interest-bearing advance by Investor Member, as more fully described in Section 5.01(e). Credit Recovery Loans and interest thereon shall not be treated as loans or interest, respectively, for accounting, tax or liability purposes but rather as a method of calculating required distributions. For the purposes of Article XI, the term “Credit Recovery Loan” shall not include any portion of such an advance which shall have theretofore been repaid to Investor Member. So long as a Credit Recovery Loan is not the result of a Managing Member Breach, neither the Managing Member nor any Guarantor shall be responsible for any distribution owing on account of a Credit Recovery Loan.
Credit Recovery Loan means the Class A Limited Partner's Credit Recovery Loan, the Class B Limited Partner's Credit Recovery Loan, the Class C Limited Partner's Credit Recovery Loan and the Class D Limited Partner's Credit Recovery Loan, each being a constructive interest-bearing advance of an Investment Limited Partner as more fully described in Section 5.1(c)(i)-(iv) hereof. Credit Recovery Loans and interest thereon shall not be treated as loans or interest, respectively, for accounting, tax or liability purposes or for the purposes of Section 6.2(a)(1). For purposes of Article X, the term Credit Recovery Loan shall not include any portion of such advance which shall have theretofore been paid to an Investment Limited Partner.