Common use of Debt Facility Clause in Contracts

Debt Facility. Subject to Section 3.2(c), the General Partner may arrange for one or more debt facilities, including seller financing, to acquire any assets, to make capital expenditures, to pay operating expenses, and for any other permitted purposes, in addition to, lieu of, or in advance of, using Capital Contributions.

Appears in 2 contracts

Sources: Limited Partnership Agreement (GPB Holdings II, LP), Limited Partnership Agreement (GPB Automotive Portfolio, LP)