Examples of Partner Loan in a sentence
Without limitation, the General Partner shall have the right to receive any distributions that otherwise would be made by the Partnership to the Defaulting Limited Partner until such time as the General Partner Loan has been paid in full, and any such distributions so received by the General Partner shall be treated as having been received by the Defaulting Limited Partner and immediately paid to the General Partner.
Any amounts treated as a Partnership Loan or a General Partner Loan pursuant to this Section 5.2(c) shall bear interest at the lesser of (i) the base rate on corporate loans at large United States money center commercial banks, as published from time to time in The Wall Street Journal, or (ii) the maximum lawful rate of interest on such obligation, such interest to accrue from the date the Partnership or the General Partner, as applicable, is deemed to extend the loan until such loan is repaid in full.
The Sovereign Borrowing Framework and the Concessional Partner Loan Framework form part of the Integrated Borrowing Framework and remain valid for the specific counterparts.
GZ Superland and (ii) the JV Partner Assets to be acquired by the Group GZ Superland has agreed to purchase and the JV Partner has agreed to sell, the JV Partner’s Equity Interest, representing 92% of the total equity interest in the Project Company; and GZ Superland has agreed to contribute RMB3,250,000,000 (the “Repayment Amount”) as shareholder’s loan into the Project Company (the “Repayment Amount Contribution”), which shall be used by the Project Company to repay the JV Partner Loan in full.
If the Initial General Partner enters into such a Funding Debt, the General Partner Loan will consist of the net proceeds from such Funding Debt and will be on the same terms and conditions, including interest rate, repayment schedule and costs and expenses, as shall be applicable with respect to or incurred in connection with such Funding Debt.