General Partner Loans. The General Partner, on behalf of the Partnership, may obtain any Additional Funds by causing the Partnership to incur indebtedness to the General Partner or its Affiliates (a “General Partner Loan”) if such indebtedness is on terms and conditions no less favorable to the Partnership than would be available to the Partnership from any third party; provided, however, that the Partnership shall not incur any such indebtedness if
Appears in 4 contracts
Samples: Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC), Agreement (MPT of West Anaheim, LLC)
General Partner Loans. The General Partner, on behalf of the Partnership, may obtain any Additional Funds by causing the Partnership to incur indebtedness to Debt with the Previous General Partner, the General Partner or its Affiliates the Special Limited Partner (each, a “"General Partner Loan”") if (i) such indebtedness is Debt is, to the extent permitted by law, on substantially the same terms and conditions no less favorable to (including interest rate, repayment schedule, and conversion, redemption, repurchase and exchange rights) as Funding Debt incurred by the Partnership than would be available to Previous General Partner, the Partnership from any third party; provided, however, that the Partnership shall not incur any such indebtedness ifGeneral Partner or the
Appears in 3 contracts
Samples: Aimco Properties Lp, Aimco Properties Lp, Apartment Investment & Management Co
General Partner Loans. The General Partner, on behalf of the Partnership, may obtain any Additional Funds by causing the Partnership to incur indebtedness Debt to the General Partner or its Affiliates (a “General Partner Loan”) if such indebtedness Debt is on terms and conditions no less favorable to the Partnership than would be available to the Partnership from any third party; provided, however, that the Partnership shall not incur any such indebtedness ifDebt if any Partner would be personally liable for the repayment of such Debt (unless such Partner otherwise agrees).
Appears in 1 contract
Samples: MacKenzie Realty Capital, Inc.
General Partner Loans. The General Partner, on behalf of the Partnership, may obtain any Additional Funds by causing the Partnership to incur indebtedness to the General Partner or its Affiliates (a “General Partner Loan”) if such indebtedness is on terms and conditions no less favorable to the Partnership than would be available to the Partnership from any third party; provided, however, that the Partnership shall not incur any such indebtedness ifif Table of Contents
Appears in 1 contract
Samples: MPT of West Anaheim, LLC