Common use of Additional Working Capital Clause in Contracts

Additional Working Capital. The General Partner shall arrange for working capital loans to the Partnership as the effective operation of the Partnership, as contemplated by Article III hereof, may require. Any such loans may be evidenced by promissory notes containing terms, interest rates, maturities and security as the General Partner, in its sole discretion, shall determine; provided, however, that the General Partner shall use its best efforts to arrange for such loans on the most advantageous terms reasonably determined by the General Partner to be available to the Partnership. The General Partner may pledge or grant security interests in any and all of the Partnership’s assets as security for any indebtedness of the Partnership (i) to the extent required under the terms of the General Partner’s principal credit agreement, as in existence from time to time, or (ii) to the extent otherwise consented to by the Limited Partner.

Appears in 13 contracts

Samples: Agreement (HEALTHSOUTH of Toms River, Inc.), Agreement (HEALTHSOUTH of Toms River, Inc.), Agreement (HEALTHSOUTH of Toms River, Inc.)

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Additional Working Capital. The General Partner shall agrees either to provide or attempt to arrange for working capital loans to the Partnership as the effective operation of the Partnership, as contemplated by Article III hereof, hereof may require. Any such loans may be evidenced by promissory notes containing terms, interest rates, maturities maturities, and security as the General Partner, in its sole discretion, shall determine; provided, however, provided that if the General Partner shall use its best efforts to arrange for provides such loans, the terms of such loans on the most advantageous shall be substantially similar to those terms reasonably determined by the General Partner to which might be available to the Partnershiparranged with a non-Affiliate lender. The General Partner may pledge or grant security interests in any and all of the Partnership’s assets as security for any indebtedness of the Partnership (i) to the extent required under the terms of the General Partner’s principal credit agreement, as in existence from time to time, or (ii) to the extent otherwise consented to by the Limited PartnerPartnership.

Appears in 1 contract

Samples: Agreement (HEALTHSOUTH of Toms River, Inc.)

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