Common use of Limitation on Capital Contributions and Loans Clause in Contracts

Limitation on Capital Contributions and Loans. Except as specifically provided m this Article IV. no Member may contribute capital or other assets to the Company. Loans by a Member to the Company will not be considered Capital Contributions and will not increase the Capital Account of the lending Member. Except as otherwise provided in the Agreement, no Member may make a loan to the Company unless such loan is unanimously approved by the Board.

Limitation on Capital Contributions and Loans. Except as specifically provided m in this Article IV. , no Member may contribute capital or other assets to the Company. Loans by a Member to the Company will not be considered Capital Contributions and will not increase the Capital Account of the lending Member. Except as otherwise provided in the Agreement, no Member may make a loan to the Company unless such loan is unanimously approved by the Board.

Limitation on Capital Contributions and Loans. Except as specifically provided m in this Article IV. 4, no Member may contribute capital to the Company or other assets make a loan or advance to the Company. Loans by a Member to the Company will not be considered Capital Contributions and will not increase the Capital Account of the lending Member. Except as otherwise provided in the Agreement, no Member may make a loan to the Company unless such contribution or loan is unanimously approved has been Approved by the BoardMembers.

Limitation on Capital Contributions and Loans. Except as specifically provided m in this Article IV. , no Member may contribute capital or other assets to the Company. Loans by a Member to the Company will not be considered Capital Contributions and will not increase the Capital Account of the lending Member. Except as otherwise provided in the AgreementIn addition, no Member may make a loan or advance money to the Company unless such loan is unanimously or advance has been approved by the BoardExecutive Committee.