Advances by Members. With the consent of the Board of Directors, any Member may advance funds to or on behalf of the Company on terms approved by the Board of Directors. An advance described in this Section 3.3 constitutes a loan from the Member to the Company, and is not a Capital Contribution.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Magnachip Semiconductor LLC), Limited Liability Company Operating Agreement (Magnachip Semiconductor LLC)
Advances by Members. With the consent of the Board of DirectorsDirectors and to the extent permitted by the Securityholders Agreements, if any, any Member may advance funds to or on behalf of the Company on terms approved by the Board of Directors. An advance described in this Section 3.3 constitutes a loan from the Member to the Company, and is not a Capital Contribution.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (MagnaChip Semiconductor LTD (United Kingdom))
Advances by Members. With the consent of the Board of Directors, Directors and to the extent permitted by the Securityholders’ Agreement any Member may advance funds to or on behalf of the Company on terms approved by the Board of Directors. An advance described in this Section 3.3 constitutes a loan from the Member to the Company, and is not a Capital Contribution.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (MacDermid Group Inc.)
Advances by Members. With the consent of the Board of Directors, and any Required Consents pursuant to Section 10.01, any Member may advance funds to or on behalf of the Company on terms approved by the Board of Directors. An advance described in this Section 3.3 4.04 constitutes a loan from the Member to the Company, and is not a Capital Contribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MediaAlpha, Inc.)
