Common use of Loans by Partners Clause in Contracts

Loans by Partners. Should any Partner make a loan to the Partnership, such Partner would be entitled to receive interest on any loan so made, but in no event shall such interest be in excess of the maximum legal rate then allowable pursuant to the usury law of the State of California. 6.7

Appears in 2 contracts

Samples: Performance Asset Management Co, Performance Asset Management Co

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Loans by Partners. Should In the event any Partner should make a loan to the Partnership, such Partner would be entitled to receive interest on any loan so made, but in no event shall such interest be in excess of the maximum legal rate then allowable pursuant to the usury law of the State of California. 6.7

Appears in 1 contract

Samples: Performance Asset Management Co

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Loans by Partners. Should any Partner make a loan to the Partnership, such Partner would be entitled to receive interest on any loan so made, but in no event shall such interest be in excess of the maximum legal rate then allowable pursuant to the usury law of the State of California. 6.7

Appears in 1 contract

Samples: Performance Asset Management Co

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