Nonrecourse Loans. If the Company borrows money on a nonrecourse basis, then the creditor who makes such a loan to the Company will not have or acquire at any time as a result of making the loan, any direct or indirect interest in the profits, capital or property of the Company other than as a secured creditor.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Longview Clinic Operations Company, LLC), Limited Liability Company Agreement (Community Health Investment CORP)
Nonrecourse Loans. If the Company partnership borrows money monies on a nonrecourse ----------------- basis, then the a creditor who makes such a loan to the Company partnership will not have or acquire at any time as a result of making the loan, any direct or indirect interest in the profits, capital capital, or property of the Company partnership other than as a secured creditor.
Appears in 3 contracts
Samples: Partnership Agreement (Citadel Holding Corp), Partnership Agreement (Citadel Holding Corp), Partnership Agreement (Citadel Holding Corp)
Nonrecourse Loans. If the Company borrows money on a nonrecourse basis, then the A creditor who makes such a nonrecourse loan to the Company will not have or acquire acquire, at any time as a result because of making the loan, any direct or indirect interest in the profits, capital or property of the Company other than as a secured creditor.
Appears in 2 contracts
Samples: Operating Agreement (Cbci Income & Growth Fund LLC), Operating Agreement (Cbci Income & Growth Fund LLC)
