GP Loans definition

GP Loans means that certain Indebtedness loaned by AIMCO to its Affiliates, whether secured or unsecured, evidenced by GP Loan Notes in an aggregate principal amount of approximately $469,558,455 outstanding as of March 31, 2003 and such Indebtedness is set forth in more detail on SCHEDULE 1.01B hereto.
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GP Loans means that certain Indebtedness, whether secured or unsecured, evidenced by promissory notes in an aggregate principal amount of approximately $291,218,668 outstanding as of June 30, 2000 and such Indebtedness is set forth in more detail on Schedule 1.01B hereto.
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GP Loans means the loans which may be made by Wichita GP to the Partnership pursuant to Section 5.10(a) of this Agreement. Neither Development Deficit Loans nor Operating Deficit Loans shall constitute GP Loans.
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Examples of GP Loans in a sentence

  • At the time that any Special GP Loan is outstanding, the General Partner shall maintain a net worth of at least two (2) times all outstanding debt, including any Special GP Loans.

  • All GP Loans are evidenced by a GP Loan Note which has been delivered to Collateral Agent in accordance with the provisions of this Agreement.

  • All GP Loans are evidenced by a GP Loan Note which has been delivered to Administrative Agent in accordance with the provisions of this Agreement.

  • Wichita GP shall be entitled, however, to receive any GP Loans in the time and manner specified in this Agreement.

  • On the Purchase Settlement Date, the General Partner shall make a Capital Contribution to the Partnership of all outstanding GP Loans.

  • Any distribution to which the General Partner is entitled pursuant to clause (i) of the first sentence of Section 7.1.3(f) of this Agreement (after taking into account the offset provision of the second sentence of Section 7.1.3(f) of this Agreement) shall be applied against and used to prepay the outstanding balance, if any, of principal or interest on any Special GP Loans, with such prepayments allocated to the earliest Special GP Loan with an unpaid amount of principal or interest.

  • Wichita GP shall have the right, but not the obligation, to make loans to the Partnership subject to the conditions and on the terms set forth in this Section 5.10 ("GP Loans").

  • Any distribution to which the General Partner is entitled pursuant to clause (i) of the first sentence of Section 7.1.3(e) of this Agreement (after taking into account the offset provision of the second sentence of Section 7.1.3(e) of this Agreement) shall be applied against and used to prepay the outstanding balance, if any, of principal or interest on any Special GP Loans, with such prepayments allocated to the earliest Special GP Loan with an unpaid amount of principal or interest.

  • The unpaid principal amount of the GP Loans shall bear interest at the Base Rate (as defined in the Credit Agreement) as in effect from time to time plus 1%, with overdue amounts of principal and, to the extent permitted under applicable law, interest, bearing interest at the Base Rate as in effect from time to time, plus 2%.

  • Accrued interest shall be payable on the respective dates on which accrue interest is payable on Floating Rate Loans under the Credit Agreement and on the date the principal amount of the GP Loans become due and payable.