General Partner Loan definition

General Partner Loan shall have the meaning set forth in Section 4.3.B.

General Partner Loan has the meaning provided in Section 5.2(c) hereof.

General Partner Loan means a loan extended by the General Partner to a Defaulting Limited Partner in the form of a payment on a Partnership Loan by the General Partner to the Partnership on behalf of the Defaulting Limited Partner.

Examples of General Partner Loan in a sentence

• Without limitation, the General Partner shall have the right to receive any distributions that otherwise would be made by the Partnership to the Defaulting Limited Partner until such time as the General Partner Loan has been paid in full, and any such distributions so received by the General Partner shall be treated as having been received by the Defaulting Limited Partner and immediately paid to the General Partner.

• If the General Partner enters into such a Funding Debt, the General Partner Loan will consist of the net proceeds from such Funding Debt and will be on comparable terms and conditions, including interest rate, repayment schedule and costs and expenses, as shall be applicable with respect to or incurred in connection with such Funding Debt.

• Any amounts treated as a Partnership Loan or a General Partner Loan pursuant to this Section 5.2(b) shall bear interest at the lesser of (i) the base rate on corporate loans at large United States money center commercial banks, as published from time to time in The Wall Street Journal, or (ii) the maximum lawful rate of interest on such obligation, such interest to accrue from the date the Partnership or the General Partner, as applicable, is deemed to extend the loan until such loan is repaid in full.

• If any Preferred Return Payment Date occurs prior to the Initial Closing, the Preferred Return may be paid out of the General Partner Loan, the General Partner’s Capital Contribution, borrowings, or any combination of the foregoing.

• The General Partner may enter into a Funding Debt, including, without limitation, Funding Debt that is convertible into REIT Shares, and lend the Additional Funds to the Partnership (a "General Partner Loan"); provided, however, that the General Partner shall not be obligated to lend the net proceeds of any Funding Debt to the Partnership in a manner that would be inconsistent with the General Partner's ability to remain qualified as a REIT.

More Definitions of General Partner Loan

General Partner Loan has the meaning set forth in Section 5.2(c) hereof.

General Partner Loan is defined in Section 4.5.C.

General Partner Loan shall have the meaning set forth in Section 8.6(a) hereof.

General Partner Loan shall have the meaning set forth in Section 4.3(b).

General Partner Loan means the loan defined in Section 7.4 of this Agreement.

General Partner Loan. A unsecured loan from General Partner to Borrower in an original principal amount of $322,128.00.

General Partner Loan has the meaning provided in Section 5.2(c) hereof. "General Partnership Interest" means a Partnership Interest held by the General Partner that is a general partnership interest. "lndemnitee" means (i) any Person made a party to a proceeding by reason of its status as the General Partner or a director, officer or employee of the General Partner or the Partnership, and (ii) such other Persons (including Affiliates of the General Partner or the Partnership) as the General Partner may designate from time to time, in its sole and absolute discretion. "Independent Directors" means a Director who is not on the date of determination, and within the last two years from the date of determination has not been, directly or indirectly associated with the Sponsor of the General Partner or the Advisor by virtue of(i) ownership of an interest in the Sponsor, the Advisor or any of their Affiliates, other than the General Partner (other than ownership of less than one percent of any such entity that is a publicly traded company), (ii) employment by the Sponsor, the Advisor or any of their Affiliates, (iii) service as an officer or director of the Sponsor, the Advisor or any of their Affiliates, other than as a Director, (iv) perfonnance of services, other than as a Director, for the General Partner, (v) service as a director or trustee of more than three real estate investment trusts organized by the Sponsor or advised by the Advisor or (vi) maintenance of a material business or professional relationship with the Sponsor, the Advisor or any of their Affiliates. A business or professional relationship is considered "material" if the aggregate gross revenue derived by the Director from the Sponsor, the Advisor and their Affiliates exceeds five percent of either the Director's annual gross revenue during either of the last two years or the Director's net worth on a fair market value basis. An indirect association with the Sponsor or the Advisor shall include circumstances in which a Director's spouse, parent, child, sibling, mother- or father-in-law, son- or daughter-in-law or brother- or sister-in-law is or has been associated with the Sponsor, the Advisor, any of their Affiliates or the General Partner. "Initial Limited Partner" means Steadfast Secure Income Advisor, LLC and any permitted transferee of its Limited Partnership Interests. "Joint Venture" means any joint venture or general partnership arrangement in which the Partnership is a co-venturer or general partner whi...