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").
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.
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.
Upon the end of the LIHTC Compliance Period, any funds remaining in the Resize Reserve shall be disbursed (1) first to repay any outstanding Operating Deficit Loans of GP Loans, and (2) as net cash flow.
For all of these reasons, TC Crossing seeks “a readjustment of any and all calculations of Invested Capital, Unpaid Preferred Returns, G.P. Loans and any distribution allocations…” of any amounts determined in the accounting to be due to it as a Class B limited partner under the waterfall formula.
Structural Funding Cost deducts the impact in expenses and funding related to GP Loans (BCRP Repos) and deducts non-recurring events from Interest ExpensesCredicorp’s funding cost in the fourth quarter remained low and stood at 1.24% (+3bps QoQ) in a context of strong growth in interest rates and an increase in the share of low-cost deposits in the funding mix.
Funding Cost – Credicorp In Local Currency (1) (1) Structural Funding Cost deducts the impact in expenses and funding related to GP Loans (BCRP Repos) and deducts non-recurring events from Interest Expenses The cost of funding in LC increased 16 bps.
Any distribution to which the General Partner is entitled pursuant to clause (i) of the first sentence of Section 7.1.3(e) of this Agreement (after taking into account the offset provision of the second sentence of Section 7.1.3(e) 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.
It deducts the impact from GP loans and non-recurring events from Interest Income and Interest Expenses.Structural Funding CostFunding Cost deducting the impact in expenses and funding related to GP Loans and deducting non-recurringevents from Interest Expense.