Partnership Loan definition
Partnership Loan has the meaning provided in Section 5.2(c) hereof.
Partnership Loan means a loan from the Partnership to the Partner on the day the Partnership pays over the excess of the Withheld Amount over the Distributable Amount to a taxing authority.
Partnership Loan has the meaning provided in Section 5.2(d) hereof.
Examples of Partnership Loan in a sentence
In the event that a Limited Partner fails to pay any amount owed to the Partnership with respect to the Partnership Loan within 15 days after demand for payment thereof is made by the Partnership on the Limited Partner, the General Partner, in its sole and absolute discretion, may elect to make the payment to the Partnership on behalf of such Defaulting Limited Partner.
A Partnership Loan shall be repaid upon the demand of the Partnership or, alternatively, through withholding by the Partnership with respect to subsequent distributions to the applicable Partner or assignee.
More Definitions of Partnership Loan
Partnership Loan has the meaning set forth in Recital B to this Agreement.
Partnership Loan shall have the meaning set forth in Section 8.6(a) hereof.
Partnership Loan has the meaning ascribed thereto in Section 3.2.3 of this Agreement.
Partnership Loan means any loan made to the Partnership by the General Partner or any of its Affiliates in accordance with Section 9.04(b).
Partnership Loan shall have the meaning set forth in Section 2.14.
Partnership Loan means any loan made to the Partnership by the General Partner or any Affiliate of the General Partner in accordance with Section 9.2(c).
Partnership Loan means the loan made by the Company to the Partnership from the proceeds of the sale of the Securities.