Funding Capital Requirements. In the event that the Company requires additional funds to carry out its purposes, to conduct its business, or to meet its obligations, the Company may borrow funds from such lender(s), including Managers and the Member, and on such terms and conditions as are approved by a majority of the Board of Managers. No loan made to the Company by the Member or any Manager shall constitute a capital contribution to the Company for any purpose.
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Samples: Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.), Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.), Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.)
Funding Capital Requirements. (a) In the event that the Company requires additional funds to carry out its purposes, to conduct its business, or to meet its obligations, the Company may borrow funds from such lender(s), including Managers and the MemberMembers, and on such terms and conditions as are approved by a majority of the Board of ManagersMangers. No loan made to the Company by the any Member or any Manager shall constitute a capital contribution Capital Contribution to the Company for any purpose. No Member or Manager shall have any obligation to give notice of an existing or potential default of any obligation of the Company to any of the Members or Managers.
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