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.
Voluntary Loan means a loan to the Partnership by a General Partner or its Affiliate in accordance with Section 5.03(b)(ix).
Voluntary Loan shall have the meaning set forth in -------------- Section 8.5(A).

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.

  • 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.

  • 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.

  • Each such Voluntary Loan shall bear interest at the Loan Rate and shall be payable in accordance with Section 6.3.

  • 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.

  • The timing, terms and conditions of each such Voluntary Loan shall be subject to the approval of each of the parties hereto; provided that in no event shall any Voluntary Loan bear interest in excess of the Prime Rate.

  • The timing, terms and conditions of each such Voluntary Loan shall be subject to the approval of each of the parties hereto; provided that in no event -------- shall any Voluntary Loan bear interest in excess of the Prime Rate.

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

Related to Voluntary Loan

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Revolving Loan has the meaning specified in Section 2.01(a).

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

  • 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”.

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