Cover Loan definition
Cover Loan has the meaning set forth in Section 5.7(a).
Examples of Cover Loan in a sentence
The failure to repay the Cover Loan upon demand shall be a default.
See Exhibit F for examples of adjustments to a defaulting Member’s Percentage Interest pursuant to this Section 5.7. Amounts treated as a Cover Loan pursuant to Section 5.7(a) and interest thereon shall be included in the calculation of the defaulting Member’s reduced Percentage Interest.