KLT LOAN definition
KLT LOAN has the meaning set forth in Section 6.10.
KLT LOAN. 5 (l) "KLT LOAN INTEREST" 5 (m) "MAJORITY IN INTEREST" 5 (n) "MANAGEMENT COMMITTEE" 5 (o) "MANAGER" 5 (p) "MEMBER" 6 (q) "MEMBER NONRECOURSE DEBT" 6 (r) "MEMBER NONRECOURSE DEBT MINIMUM GAIN" 6 (s) "MEMBER NONRECOURSE DEDUCTIONS" 6 (t) "NET CASH FLOW" 6 (u) "NET PROFITS" and "NET LOSSES" 6 (v) "NONRECOURSE DEDUCTIONS" 7 (w) "NONRECOURSE LIABILITY" 7 (x) "OPERATING COSTS" 7 (y) "PERCENTAGE INTEREST" 7 (z) "PERSON" 8 (aa) "PROCEEDS" 8 (bb) "REGULATIONS" 8 (cc) "RESIDUAL CAPITAL ACCOUNT BALANCE" 8 (dd) "VOTING RIGHTS" 8 3.1 MANAGEMENT COMMITTEE 8 3.2 CHAIRMAN, VICE-CHAIRMAN AND OTHER OFFICERS 9 3.3 MEETINGS 9 3.4 QUORUM 9 3.5 VOTING 9 3.6 ACTION WITHOUT A MEETING 10 3.7 TELEPHONE MEETINGS 10 3.8 WAIVER OF NOTICE 10 3.9 SALARY AND EXPENSES 10 3.10 OPERATING BUDGETS 10 3.11 LIMITATION ON POWERS OF MANAGEMENT COMMITTEE 11 3.12 DUTIES OF MANAGER 11 3.13 REMOVAL OR RESIGNATION OF MANAGER 12 3.14 COMPENSATION OF MANAGER 13 3.15 RESTRICTIONS ON THE MEMBERS 13 3.16 MEMBERS' OBLIGATION TO APPROVE ALTERNATIVE FUNDING TO KLT LOANS 13