Common use of Borrowings and Loans Clause in Contracts

Borrowings and Loans. If any Member shall lend any monies to BOX Holdings, the amount of any such loan shall not constitute an increase in the amount of such Member’s Capital Contribution unless specifically agreed to by the Board of Directors and such Member. The terms of such loans and the interest rate(s) thereon shall be commercially reasonable terms and rates, as determined by the Board in accordance with Article 4.

Borrowings and Loans. If any the Member shall lend any monies to BOX HoldingsOptions, the amount of any such loan shall not constitute an increase in the amount of such the Member’s Capital Contribution capital contribution unless specifically agreed to by the Board of Directors and such the Member. The terms of such loans and the interest rate(s) thereon shall be commercially reasonable terms and rates, as determined by the Board in accordance with Article 4.