Loans to Partnership. At the option of the General Partner, any Partner (including, without limitation, the General Partner) may make loans to the Partnership on terms deemed by the General Partner to be commercially reasonable.
Loans to Partnership. To the extent approved by the Managing Partner, any Unit Holder may make a secured or unsecured loan to the Partnership, and such loan shall not be deemed a Capital Contribution.
Loans to Partnership. Nothing in this Agreement shall prevent any Partner from making secured or unsecured loans to the Partnership by agreement with the Partnership.
Loans to Partnership. Pursuant to a written agreement approved by the General Partner, any Partner may lend funds to the Partnership for Partnership business. The amount of any loan or advance by the Partner shall bear interest at the lesser of: (i) one percent in excess of the prime rate as published in the most recent issue of The Wall Street Journal (Central Edition); or (ii) the maximum permissible interest rate allowable under applicable usury laws. Loans made under this provision of this Agreement shall be deemed an obligation of indebtedness from the Partnership to the Partner, payable prior to any distributions to the Partners.
Loans to Partnership. No Partner may lend or advance money to the Partnership except with the consent of the other Partner. Any loan by a Partner to the Partnership shall be identified and segregated as a loan payable on the books of the Partnership. Loans shall bear interest at such rate as set forth herein or as may be agreed upon by the Partners, provided such rate does not exceed the maximum allowed by law, and shall be evidenced by a promissory note delivered to the lending Partner and executed in the name of the Partnership by all Partners. Interest paid by the Partnership to a Partner shall be treated for tax purposes as an item of Partnership deduction. Undistributed Partnership profits and profits which are not withdrawn shall not be treated as loans by the Partners to the Partnership.
Loans to Partnership. If a Partner shall make any loan to the Partnership or advance any money on its behalf, the loan or advance shall not increase the lending Partner’s Capital Account, entitle the lending Partner to a greater share of Partnership distributions of Net Distributable Cash, or subject such Partner to any greater proportion of Partnership losses. The amount of the loan or advance shall be a debt owed by the Partnership to the lending Partner, repayable on the terms and conditions and bearing interest at the rate agreed to by the lending Partner and the other Partner.
Loans to Partnership. Pursuant to a written agreement approved by the General Partner, any partner may lend funds to the Partnership for Partnership business. The amount of any loan or advance by the partner shall bear interest at the lesser of: (i) 3 % in excess of the base rate as published from time to time by Texas Commerce Bank, N.A., or (ii) the maximum permissible interest rate allowable under applicable usury laws. Xxxxx made under this provision of this agreement shall be deemed an obligation of indebtedness from the Partnership to the partner, payable prior to any distributions to the partners.
Loans to Partnership. No Partner may loan or advance money to the Partnership without the written consent of a majority in interest of the remaining Partners. Any such loan by a Partner to the Partnership shall be separately entered on the books of the Partnership as a loan to the Partnership, shall bear interest at such rate as may be agreed on by the lending Partner and a majority of the remaining Partners, and shall be evidenced by a promissory note delivered to the lending Partner and executed in the name of the Partnership by a majority of the remaining Partners.
Loans to Partnership. To the extent the funds of the Partnership shall be inadequate from time to time, the Partnership shall attempt to obtain such funds by borrowings from such Persons and on such terms and conditions as shall be determined by the Board in accordance with the provisions of the Partnership’s budget and business plan approved by the Board.
Loans to Partnership. All advances or payments to the -------------------- Partnership by any Partner prior to the Liquidation of the Partnership or such Partner's interest, other than the capital contributions made pursuant to Sections 3.1(a) or 3.1(b) hereof, shall be deemed to be loans by such --------------- ------ Partner to the Partnership
