Common use of Guarantee of Company Indebtedness Clause in Contracts

Guarantee of Company Indebtedness. No Member shall enter into (or permit any Person related to a Member to enter into) any arrangement with respect to any liability of the Company that would result in such Member (or a Person related to such Member) under Regulations Section 1.752-4(b) bearing the economic risk of loss (within the meaning of Regulations Section 1.752-2) with respect to such liability, unless such arrangement has been consented to and approved by all of the Members. This Section 12.2 shall not prohibit the Common Member from making any additional Capital Contributions under Section 9.1.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (VictoryBase Corp), Limited Liability Company Agreement (VictoryBase Corp)

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Guarantee of Company Indebtedness. No Except for arrangements expressly described in this Agreement, no Member shall enter into (or permit any Person related to a the Member to enter into) any arrangement with respect to any liability of the Company that would result in such Member (or a Person related to such Member) Member under Treasury Regulations Section 1.752-4(b)) bearing the economic risk of loss (within the meaning of Treasury Regulations Section 1.752-2) with respect to such liability, liability unless such arrangement has been consented to and approved Approved by all of the Members. This Section 12.2 shall not prohibit the Common Member from making any additional Capital Contributions under Section 9.1.

Appears in 1 contract

Samples: Operating Agreement (Reckson Services Industries Inc)

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Guarantee of Company Indebtedness. No Except for arrangements expressly described in this Agreement, no Member shall enter into (or permit any Person related to a the Member to enter into) any arrangement with respect to any liability of the Company that would result in such Member (or a Person person related to such Member) Member under Regulations Section 1.752-4(b)) bearing the economic risk of loss (within the meaning of Regulations Section 1.752-2) with respect to such liability, liability unless such arrangement has been consented to and approved by all of the Members. This Section 12.2 shall not prohibit the Common Member from making any additional Capital Contributions under Section 9.1.This

Appears in 1 contract

Samples: Operating Agreement (Saint Andrews Golf Corp)

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