Examples of GP Loans in a sentence
At the time that any Special GP Loan is outstanding, the General Partner shall maintain a net worth of at least two (2) times all outstanding debt, including any Special GP Loans.
Wichita GP shall have the right, but not the obligation, to make loans to the Partnership subject to the conditions and on the terms set forth in this Section 5.10 ("GP Loans").
Wichita GP shall be entitled, however, to receive any GP Loans in the time and manner specified in this Agreement.
All GP Loans are evidenced by a GP Loan Note which has been delivered to Collateral Agent in accordance with the provisions of this Agreement.
Any distribution to which the General Partner is entitled pursuant to clause (i) of the first sentence of Section 7.1.3(f) of this Agreement (after taking into account the offset provision of the second sentence of Section 7.1.3(f) of this Agreement) shall be applied against and used to prepay the outstanding balance, if any, of principal or interest on any Special GP Loans, with such prepayments allocated to the earliest Special GP Loan with an unpaid amount of principal or interest.
All GP Loans are evidenced by a GP Loan Note which has been delivered to Administrative Agent in accordance with the provisions of this Agreement.
On the Purchase Settlement Date, the General Partner shall make a Capital Contribution to the Partnership of all outstanding GP Loans.
It excludes, in the numerator, provisions for credit losses on GP loans, and in the denominator, the total amount of GP Loans.
Xxxxxxx (admitted pro hac vice) XXXXXXX XXXXX X’XXXXXXX LLP 000 00xx Xx, Xxxxx 0000 Xxxxxx, XX 00000-0000 (000) 000-0000 xxxxxxxx@xxxxxxxx.xxx xxxx@xxxxxxxx.xxx xxx@xxxxxxxx.xxx xxxxxxx@xxxxxxxx.xxx Attorneys for Plaintiff/Counterclaim Defendants Xxxxxxx X.
Upon the withdrawal of the Limited Partner, any funds remaining in the debt service reserve shall be disbursed (1) first to repay any outstanding Operating Deficit Loans of GP Loans, and (2) as net cash flow.