Advances by Members. If the Company does not have sufficient cash to pay its obligations, any Member(s) that agrees to do so, with the Manager’s consent, may advance all or part of the needed funds to or on behalf of the Company. An advance described in this Section constitutes a loan from the Member to the Company, bears interest at the General Interest Rate from the date of the advance until the date of payment, and is not a Capital Contribution (the “Member Loan”).
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Samples: Company Agreement (Vernafund CF LLC)
Advances by Members. If the Company does not have sufficient cash to pay its obligationsobligations reasonably timely, any Member(s) Member that agrees may agree to do so, so with the Manager’s consent, Managers' consent may advance all or part of the needed funds to or on behalf of the Company. An advance described in this Section 5.6 constitutes a loan from the Member to the Company, bears interest at the General Interest Rate from the date of the advance until the date of payment, and is not a Capital Contribution (the “Member Loan”)Contribution.
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Samples: Lease Agreement (United Surgical Partners International Inc)
Advances by Members. If the Company does not have sufficient cash to pay its obligations, any Member(s) that agrees to do soMember may, with upon majority Vote of the Manager’s consentMembers, may advance all or part of the needed funds to or on behalf of the Company. An advance described in this Section 4.10 constitutes a loan from the Member to the Company, bears interest at the General Interest Rate an agreed rate from the date of the advance until the date of payment, and is not a Capital Contribution (the “Member Loan”)Contribution.
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Advances by Members. If the Company does not have sufficient cash to pay its obligations, any Member(s) that agrees may agree to do so, so with the Manager’s consent, consent of the Manager may advance all or part of the needed funds to or on behalf of the Company. An advance described in this Section constitutes 4.4 shall constitute a loan from the Member to the Company, bears bear interest at the General Interest Rate from the date of the advance until the date of payment, and is not a Capital Contribution (the “Member Loan”)Contribution.
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Samples: Limited Liability Company Agreement (Greenway Technologies Inc)