Preference Loan definition

Preference Loan means the amount by which the Initial Capital Contribution of MCC exceeds the Initial Capital Contribution of MATRIX.
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Preference Loan means any amounts paid by Stratus on behalf of the Company that shall be recorded on the books of both Stratus and the Company as monies due Stratus. (bb)
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Examples of Preference Loan in a sentence

  • Upon liquidation of the Company, liquidating distributions will be made first to any Members who have made a Preference Loan until the Preference Loan is reduced to zero, and then in accordance with the positive Capital Account balances of the Members and Economic Interest Owners, as determined after taking into account all Capital Account adjustments for the Company's taxable year during which the liquidation occurs.

  • Upon liquidation of the Company, liquidating distributions will be made first to MCC until the Preference Loan is reduced to zero, and then in accordance with the positive Capital Account balances of the Members and Economic Interest Owners, as determined after taking into account all Capital Account adjustments for the Company's taxable year during which the liquidation occurs.

  • MCC shall own 50 Voting Units, initially shall be credited with a $209,970 capital account and shall be credited with a Preference Loan of $469,934.