Optional Loans definition

Optional Loans means loans to the Partnership from either a General Partner or a Limited Partner, or their respective Affiliates, pursuant to Article 4.8 hereof.
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Optional Loans has the meaning specified for such term in Section 2.16 (a).
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Optional Loans means the optional loans referred to in Section 5.10 hereof.
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Examples of Optional Loans in a sentence

  • Subject to the requirements of Article 5.2, any Partner or its Affiliates may make financing available to the Partnership as Optional Loans but shall have no obligation to do so.

  • The Borrower may prepay all or any portion of either the Committed Loans or the Optional Loans at any time.

  • Voluntary prepayments of Optional Loans shall be made in the same manner and subject to the same terms and conditions as voluntary prepayments of Committed Loans, as set forth in Section 2.06.

  • Optional Loans made pursuant to Article 4.8 hereof shall provide for interest not in excess of the base commercial rate of interest as announced or published by Nations Bank of Texas, N.A., Ft. Worth, TX, or its successor, from time to time during the term of the loan, plus three percent per annum.

  • The Borrower may request (an “Extension Request”) one extension of the maturity date of the Committed Loans or any Optional Loans for a period of one or more years following the Scheduled Maturity Date and for other terms consistent with this Section 2.15 and with Section 10.01.

  • The principal balance of any Optional Loans made pursuant to this Section 2.16 shall be payable in quarterly installments.

  • Such quarterly principal installments shall: commence on the last day of the fiscal quarter of the Borrowers immediately following the fiscal quarter of the Borrowers in which the Optional Loans are funded; continue on the last day of each fiscal quarter of the Borrowers ending thereafter; and conclude on September 30, 2023.

  • Such Optional Loans shall be paid by the Borrower to the Agent pursuant to Article II, shall be secured by the Collateral pursuant to the Credit Documents and shall constitute Obligations hereunder, in each case notwithstanding that such Optional Loans may, together with amounts previously advanced under this Credit Agreement, exceed the total amount of the Commitments.

  • No Partner shall be personally liable for the repayment of any Optional Loan, or any portion thereof, of any other Partner, it being expressly understood and agreed that such repayment of principal and interest of such Optional Loans shall be made solely from the assets of the Partnership.

  • Optional Loans and interest thereon shall be repaid prior to any distributions to the Partners pursuant to Section V.


More Definitions of Optional Loans

Optional Loans has the meaning set forth in Section 5.2.
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Optional Loans means a loan to the Venture made by a Venturer in the event that both Venturers cannot or are not willing to make capital contributions required to be made by the Venturers pursuant to this Agreement. Optional Loans shall bear interest at a floating rate equal to the prime rate announced by Manufacturers Hanover Trust Company, New York, New York, plus 2% per annum and will be nonrecourse obligations repayable only from Distributable Funds.
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Optional Loans means the loans made by the Partners in accordance with Section 4.1 below.
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Optional Loans. Such notice shall set forth the reason for such needed funds, the total amount of money needed, each Partner's prorate share of the Optional Loan and the due date thereof, which shall be within ten (10) business days of the written notice.
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Optional Loans means the loans described in Section 6.02(a) of this Agreement.
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Related to Optional Loans

  • Additional Loans means any Additional Revolving Loans and any Additional Term Loans.

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

  • 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.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Additional Loans Purchase Price means the dollar amount representing the aggregate purchase price of the related Additional Loans as specified in the applicable Additional Purchase Agreement (which, with respect to any Additional Loan purchased with funds on deposit in the Supplemental Purchase Account, will be equal to 100% of the aggregate principal balance of such Additional Loan, plus accrued interest to be capitalized).

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

  • Original Loan shall have the meaning set forth in the recitals hereto.

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

  • Extended Loans has the meaning specified in Section 2.17(a).

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

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

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

  • Term Loans as defined in Section 2.1.

  • Educational loan means a loan made by the authority to an institution.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Initial Loan is defined in Section 2.1.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

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

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

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • 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).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).