LLC Loans definition

LLC Loans shall refer to any loans or advances made by any Member to the LLC at the Member's option, without obligation to so do, to the extent the LLC does not have sufficient resources (assets, borrowings or otherwise) to meet its LLC obligations. Such LLC Loans shall bear interest at the rate agreed to between the Member and the Manager.
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LLC Loans has the meaning set forth in Section 3.1(c).
Sample 1

Examples of LLC Loans in a sentence

  • LLC Loans" shall refer to any loans or advances made by any Member to the LLC at the Member's option, without obligation to so do, to the extent the LLC does not have sufficient resources (assets, borrowings or otherwise) to meet its LLC obligations.

  • Pro rata among the Members, in the ratio of the principal loan balances outstanding, until all of the accrued but unpaid interest on all LLC Loans, if any, has been paid, and then the principal amounts thereof.

  • Such LLC Loans shall bear interest at the rate agreed to between the Member and the Manager.

  • LLC Loans" shall refer to any loans or advances made by the Member to the LLC at the Member's option, without obligation to so do, to the extent the LLC does not have sufficient resources (assets, borrowings or otherwise) to meet its LLC obligations.

  • This Certificate represents the right to receive a pro rata undivided beneficial interest in the portion of the Trust Fund consisting of the Default Interest collected on the German American Capital Corporation and Banc One Mortgage Capital Markets, LLC Loans, subject to the obligation to reimburse the Servicer, the Trustee or the Fiscal Agent, as applicable, for interest on Advances.

  • The earnings amount on the corrective contribution is the same as in Example 22, but the earnings amount is allocated using the bifurcated allocation method.

  • Such LLC Loans shall bear interest at the rate agreed to between the Member and the Managers.

  • RZB FINANCE LLC Loans under the Reimbursement and Credit Agreement, dated as of 42,520.83 February 23, 2001, among the Issuer, Bayerische Hypo-und Vereinsbank AG, acting through its New York Branch, as Issuing Bank, the lenders party thereto, The Chase Manhattan Bank N.A., as Administrative Agent, and X.X. Xxxxxx, a division of Chase Securities Inc., as Arranger.

  • Krauth and Spruce Mountain Associates, LLC Loans (“Enjoined Loans”) have not yet been adjudged to be part of the bankruptcy estates being administered by the Bankruptcy Trustee and that these loans remain subject to an adversary proceeding pending before the United States Bankruptcy Court for the District of New Hampshire, specifically, Adv.

  • GENERALLY, 28A N.Y. PRAC., CONTRACT LAW § 22:17 3, 15Respondents Ian Peck, ACG Arrangement Services, ACG Capital Company, LLC, Modern Art Services, LLC, Patriot Credit Company LLC and Pegasus Credit Company LLC (collectively, “Respondents” or “ACG”), by and through their undersigned attorneys, submit this post-hearing memorandum of law on damages claimed by Claimants Gary Greenberg, Art Fund III LLC, Colorado Art Holdings LLC, GB Fund LLC, Loans on Fine Art LLC and Lotus Investment Corp.

Related to LLC Loans

  • Revolving Loans as defined in Section 2.4(a).

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Term Loan has the meaning specified in Section 2.01(b).

  • New Revolving Loans as defined in Section 2.25.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Term Loan Advances are each defined in Section 2.1.1(a).