Voluntary Loan definition

Voluntary Loan means a voluntary, unsecured interest-bearing loan of any Partner to the Partnership as described in Section 4.4 hereof.
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Voluntary Loan means a loan to the Partnership by a General Partner or its Affiliate in accordance with Section 5.03(b)(ix). ARTICLE III
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Voluntary Loan shall have the meaning set forth in -------------- Section 8.5(A).
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Examples of Voluntary Loan in a sentence

  • If any Partner shall so lend monies, each such loan (a "Voluntary Loan") shall be an obligation of the Partnership and (except for Subordinated Loans) shall be repayable to such Partner on the same basis and with the same rate of interest as would be applicable to a comparable loan to the Partnership from a third party.

  • If any Partner shall advance funds to the Partnership other than the amount of its Capital Contribution, the amount of such advance shall not be considered a contribution to the capital of the Partnership, but shall be deemed either an Operating Loan or a Voluntary Loan and shall be subject to the provisions of Section 4.4 hereof.

  • Any loan by a Partner or its Affiliate, other than an Operating Loan, shall be a Voluntary Loan, shall bear interest per annum at a rate equal to two percent in excess of the Prime Rate (but not in excess of the lawful maximum rate) and shall be repayable as set forth in Article IX hereof (to the extent permitted by each Authority); provided, however, that any Voluntary Loan shall be made solely for the benefit of the Partnership.

  • Voluntary Loan Modifications Are Insufficient To Stem the Rising Tide of Foreclosures A loan modification is a written agreement between the loan servicer and the homeowner that changes one or more of the original terms of the note in order to help the homeowner bring a defaulted loan current and prevent foreclosure.

  • Either or both of the Members shall have the right, but not the obligation, to advance to the Company the funds necessary to make any Voluntary Loan.

  • Any loan made pursuant to this Section 6.07 (a "Voluntary Loan") shall be nonrecourse to the Members, shall be evidenced by a promissory note, and shall bear interest at such rate and be payable at such time or times as is agreed between the LLC and Cornerstone.

  • No Voluntary Loan by the General Partners or its Affiliates may be made to the Partnership in substitution of its obligation to make Operating Loans to the Partnership.

  • Unless otherwise expressly indicated to the contrary elsewhere in this Agreement, any such advance shall be considered a Voluntary Loan in accordance with Section 4.2 below.

  • In addition to a Voluntary Loan, Sellers’ Representative, acting on behalf of the Interested Parties, may borrow funds from third parties upon commercially reasonable terms and in such amounts as he deems necessary or appropriate to effectuate the terms of this Agreement.

  • No Centerline Party will make any Fund Voluntary Loan unless (i) through the Master Note and (ii) through a Receivables Assignor, with respect to which CFin Holdings is the payee thereof.


More Definitions of Voluntary Loan

Voluntary Loan has the meaning given to such term in the FGL LLC Agreement.
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Voluntary Loan means a loan made pursuant to Section 3.05 of this Agreement.
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Voluntary Loan has the meaning ascribed to it in Section 6.07 of this -------------- Agreement.
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Related to Voluntary Loan

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Voluntary Prepayment means a prepayment of principal of Term Loans pursuant to Section 2.05(a) in any year to the extent that such prepayment reduces the scheduled installments of principal due in respect of Term Loans as set forth in Section 2.07 in any subsequent year.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

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

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Prepayment means, with respect to any Receivable, any prepayment, whether in part or in full, in respect of such Receivable.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

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

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Existing Loan means the loan identified on Exhibit H.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

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

  • Swingline Loan means a Loan made pursuant to Section 2.04.