Common use of Advances to LLC Clause in Contracts

Advances to LLC. Members may advance funds to the LLC in excess of the amounts required hereunder to be contributed by them to the capital of the LLC only with the consent of the Board of Managers. Any such approved advances by a Member shall not result in any increase in the amount of such Member’s Capital Account or entitle it to any increase in the Percentage interest represented by such Member’s LLC Interest. The amounts of such advances shall be a debt of the LLC to such Member and shall be payable or collectible only out of the LLC Assets in accordance with terms and conditions agreed upon by the Board of Managers.

Advances to LLC. Members may advance funds to the LLC in excess of the amounts required deemed hereunder to be contributed by them to the capital of the LLC only with the consent of the Board of Managers. Any such approved advances by a Member shall not result in any increase in the amount of such Member’s Capital Account or entitle it to any increase in the Percentage interest Interest represented by such Member’s LLC Interest. The amounts of such advances shall be a debt of the LLC to such Member and shall be payable or collectible only out of the LLC Assets in accordance with the terms and conditions agreed upon by the Board of Managers.

Advances to LLC. Members may advance funds to the LLC in excess of the amounts required hereunder to be contributed by them to the capital of the LLC only with the consent of the Board of ManagersMembers. Any such approved advances by a Member shall not result in any increase in the amount of such Member’s Capital Account or entitle it to any increase in the Percentage interest Interest represented by such Member’s LLC Interest. The amounts of such advances shall be a debt of the LLC to such Member and shall be payable or collectible only out of the LLC Assets in accordance with terms and conditions agreed upon by the Board of ManagersMembers.

Advances to LLC. Members In addition to any Default Loans that may be made pursuant to SECTION 5.2.1., a Member may advance funds to the LLC in excess of the amounts required hereunder to be contributed by them it to the capital of the LLC only with in any amount and on terms upon which the consent of Member and the Board of ManagersManagement Committee may agree. Any such approved advances by a Member shall not result in any increase in the amount of such Member’s 's Capital Account or entitle it to any increase in the Percentage interest represented by such Member’s its LLC Interest. The amounts of such advances shall be a debt debts of the LLC to such Member and shall be payable or collectible only out of the LLC Assets in accordance with terms and conditions agreed upon by the Board of ManagersMember and the Management Committee.

Advances to LLC. Members may advance funds to the LLC in excess of the amounts required hereunder to be contributed by them to the capital of the LLC only with the consent of the Board of Managers. Any such approved advances by a Member shall not result in any increase in the amount of such Member’s Capital Account or entitle it to any increase in the Percentage interest Interest represented by such Member’s LLC Interest. The amounts of such advances shall be a debt of the LLC to such Member and shall be payable or collectible only out of the LLC Assets in accordance with terms and conditions agreed upon by the Board of Managers.

Advances to LLC. Members may advance funds to the LLC in excess of the amounts required hereunder to be contributed by them to the capital of the LLC only with the consent of the Board of ManagersManaging Member. Any such approved advances by a Member shall not result in any increase in the amount of such Member’s 's Capital Account or entitle it to any increase in the Percentage interest Interest represented by such Member’s 's LLC Interest. The amounts of such advances shall be a debt of the LLC to such Member and shall be payable or collectible only out of the LLC Assets in accordance with terms and conditions agreed upon by the Board of ManagersManaging Member.