Common use of Allocation of Expenses/Defaulting Members Clause in Contracts

Allocation of Expenses/Defaulting Members. The Company will, to the extent allocable and permitted under applicable law, and as determined by the Managers, allocate expenses incurred by the Company, as a result of Members defaulting in their commitments, to those Members that caused the Company to incur such expenses. Pursuant to Section 7.1(d), the Company may also allocate any interest and other expenses incurred as a result of the Company borrowing funds to cover defaults by Members, to those Members that have defaulted on their commitments to the Company.

Allocation of Expenses/Defaulting Members. The Company will, to the extent allocable and permitted under applicable law, and as determined by the Managers, allocate expenses incurred by the Company, as a result of Members defaulting in their commitmentsCapital Commitments, to those Members that caused the Company to incur such expenses. Pursuant to Section 7.1(d)7.3(b) hereof, the Company may also allocate any interest and other expenses incurred as a result of the Company borrowing funds to cover defaults by Members, to those Members that have defaulted on their commitments Capital Commitments to the Company.

Allocation of Expenses/Defaulting Members. The Company will, to the extent allocable and permitted under applicable law, and as determined by the Managers, allocate expenses incurred by the Company, as a result of Members defaulting in their commitments, to those Members that caused the Company to incur such expenses. Pursuant to Section 7.1(d), the The Company may also allocate any interest and other expenses incurred expenses, incurred, as a result of the Company borrowing funds to cover defaults by Members, to those Members that have defaulted on their commitments to the Company.