Funding Purchase of Debt. The Company may make loans to Insight or any Affiliate of Insight for the purpose of funding the acquisition by such Person of any of the outstanding Senior Debt or Subordinated Debt. The proceeds used to make such loans may include the proceeds of the issuance of Membership Interests (subject to the restrictions on the issuance of Membership Interests provided in Section 8.5(b)). The terms of any such loan shall:
Appears in 3 contracts
Samples: Operating Agreement (Insight Communications of Central Ohio LLC), Operating Agreement (Coaxial LLC), Operating Agreement (Insight Communications Co Inc)
Funding Purchase of Debt. The Company may make loans to Insight or any ------------------------ Affiliate of Insight for the purpose of funding the acquisition by such Person of any of the outstanding Senior Debt or Subordinated Debt. The proceeds used to make such loans may include the proceeds of the issuance of Membership Interests (subject to the restrictions on the issuance of Membership Interests provided in Section 8.5(b))Interests. The terms of any such loan shall:
Appears in 1 contract
Samples: Operating Agreement (Insight Communications Co Inc)
