ADDITIONAL LOANS TO THE COMPANY. If additional funds are required by the Company for any purpose relating to the business of the Company or for any of its obligations, expenses, costs, or expenditures, including operating deficits, the Company may borrow such funds as are needed from time to time from any Person (including, without limitation, the Manager or any Affiliate of the Manager; provided, however, that the terms of any loan from the Manager or any Affiliate of the Manager shall be substantially equivalent to the terms that could be obtained from a third party on an arm’s-length basis) on such terms as the Manager and such other Person may agree.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Ashford Inc.), Limited Liability Company Agreement (Ashford Inc.), Limited Liability Company Agreement (Ashford Inc)
