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.
Appears in 10 contracts
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.)
