Borrowings Pending Drawdowns Sample Clauses

Borrowings Pending Drawdowns. As contemplated by (and subject to the provisions of) Section 6.1.3(iii), prior to the Final Closing Date, or at any time during the Company’s term, in anticipation of the receipt of Capital Contributions from Members, third parties not affiliated with ▇▇▇▇▇▇▇ ▇▇▇▇▇, or, subject to applicable law, including the ▇▇▇▇-▇▇▇▇▇ Act, ▇▇▇▇▇▇▇ ▇▇▇▇▇ may, but shall not be obligated to, loan the Company sufficient funds to meet their obligations, including obligations of the Company with respect to the Company’s expenses, acquisitions or potential acquisitions. Such loans will be made on commercially reasonable terms (including interest rate), as determined by the Managing Member. Such loans may also, in the discretion of the Managing Member, be secured by, including by way of mortgage, pledge, charge, assignment of or the granting of any security interests in or over, the assets of the Company (including Undrawn Commitments and the right of the Managing Member to make Drawdowns and exercise any remedies in order to enforce the Members’ funding obligations in accordance with this Agreement), Contributed Capital, Portfolio Distributions and Portfolio Assets.