Common use of Borrowing and Guarantees Clause in Contracts

Borrowing and Guarantees. The Manager shall have the right, at its option, to cause the Fund to borrow money from any Person, or to guarantee loans or other extensions of credit for the purpose of: (i) providing interim financing to cover Fund Expenses; or (ii) leveraging existing Investments to increase the Fund’s lending capacity, provide a means for additional Investments, manage cash utilization and augment annual investment returns. Any loan shall be non-recourse to the Members and secured solely by applicable Investments.

Borrowing and Guarantees. The Manager shall have the right, at its option, to cause the Fund Company to borrow money from any Person, or to guarantee loans or other extensions of credit for the purpose of: (i) providing interim financing to cover Fund Company Expenses; or (ii) leveraging existing Investments to increase the FundCompany’s lending capacity, provide a means for additional Investments, manage cash utilization and augment annual investment returns. Any loan shall be non-recourse to the Members and secured solely by applicable Investments.