Voluntary Loans definition

Voluntary Loans shall have the meaning set forth in Article IX.

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Voluntary Loans has the meaning given thereto in Section 4.05(a) hereof.

Voluntary Loans shall have the meaning set forth in Article IX. "Withdrawal" (including the forms Withdraw, Withdrawing and Withdrawn) means, as to a General Partner, the occurrence of death, adjudication of insanity or incompetence, Event of Bankruptcy, dissolution, liquidation, or voluntary or involuntary withdrawal or retirement from the Partnership for any reason, including whenever a General Partner may no longer continue as a General Partner by law or pursuant to any terms of this Agreement. Withdrawal also shall mean the sale, assignment, transfer or encumbrance by a General Partner of its interest as a General Partner other than a pledge of assignment by a General Partner of its Interest required pursuant to the terms of the Bond Loan Documents and as approved in writing by the Special Limited Partner. A General Partner which is a corporation, limited liability company or partnership shall be deemed to have sold, assigned, transferred or encumbered its interest as a General Partner in the event (as a result of one or more transactions) of any sale, assignment or other transfer (but specifically excluding any transfer occurring pursuant to the laws of descent and distribution) or encumbrance of a controlling interest in a corporate or limited liability company General Partner or of a general partner interest in a General Partner which is a partnership to a Person who is not an Affiliate of the General Partner. For purposes of this definition of Withdrawal, the term "controlling interest" shall mean the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. ARTICLE II Name and Business 2.1 Name; Continuation The name of the Partnership is Pearl Partners, L.P. The Partners agree to continue the Partnership which was formed pursuant to the provisions of the Act.

Examples of Voluntary Loans in a sentence

• No Voluntary Loans by the General Partner or its Affiliates may be made to the Partnership during the time that the Guarantor is obligated to make Operating Loans to the Partnership.

• If both Members desire to make Voluntary Loans to satisfy any requirement of the Company for additional funds, the Members shall make such Voluntary Loans in accordance with their respective Proportionate Shares, unless otherwise agreed to by the Members.

• CHC, CCG and CAHA represent that as of the Closing Date, there are no direct “voluntary loans” or other loans or Fund Voluntary Loans made by any of the Centerline Parties to any Centerline Party or Affiliate thereof, except those set forth on Exhibit 4.3.

• Cornerstone may, but shall not be obligated to, make Voluntary Loans to the LLC pursuant to and in accordance with the provisions of Section 6.07.

• Each such advance shall constitute a loan ("Fund Expense Loan") to the Company, which Fund Expense Loan shall bear interest at an annual rate equal to the rate at which Voluntary Loans bear interest.

• As of the Closing Date, there are no direct Voluntary Loans made by any of the Centerline Parties to any Local Partnership, except those set forth on Exhibit 8.1.12.

• As of the Closing Date, there are no direct Voluntary Loans made by any of the Centerline Parties to any Local Partnership, except those set forth on Exhibit 4.3 to the Master Assignment Agreement.

• The promissory note issued by each Guaranteed Fund to Guaranteed Holdings to evidence Fund Voluntary Loans, including Voluntary Loans advanced by the Centerline Parties to the Guaranteed Fund prior to the deliver of the Receivables Assignment and Assumption Agreement.

• Each of the Credit Enhanced Entities and Guaranteed Manager has paid or caused to be paid all material payments, expenses and Taxes required to have been paid by it, except where such payments and expenses are Fund Voluntary Loans, Fee Rights or Loan Receivables.

• The Members acknowledge that, under the Fund LLC Agreement, the Company may have the right to make loans (or advances pursuant to Section 5.3 of the Fund LLC Agreement) from time to time ("Voluntary Loans") to the Fund in order to meet cash needs of the Fund.

More Definitions of Voluntary Loans

Voluntary Loans. Means loans made by a partner of either a Guaranteed Fund or a Local Partnership, which are unsecured loans, repayable as set forth in the Organizational Documents of the borrower or in the note issued by such borrower.