Examples of Contribution Loan in a sentence
Each Contribution Loan shall be payable as a Required Payment to the extent of Partnership funds available, prior to any distributions to Partners.
The collateral security agreement evidencing the collateralization of the Business Contribution Member Loan with the Company Stock and the Earn-Out shall be on such terms as are reasonably acceptable to the Company, which terms shall include, but shall not be limited to, the retention of all of the Company Stock by the Company until full repayment of the Business Contribution Loan.
Such Contribution Loan shall bear interest, compounded annually, at a rate equal to the Prime Rate plus four (4) percentage points per annum.
Any such loan by the General Partner (or an affiliate thereof) to the Partnership is herein called a "Contribution Loan." ----------------- Each Contribution Loan shall accrue interest on unpaid principal at a rate per annum equal to the lowest of (i) the Prime Rate, (ii) the maximum nonusurious rate allowed by applicable law, and (iii) any other rate acceptable to the General Partner.
All expenses and costs of collection, including without limitation attorneys' fees, incurred in connection with a Contribution Loan will be paid by the Defaulting Member and will also bear interest at the rate of the Contribution Loan.