Loans, Advances and Guarantees. (a) In the event that the Board of Managers determines in its sole discretion that the Company requires funds, the Board of Managers shall be authorized, at any time and from time to time, to cause the Company to borrow additional funds sufficient for such purposes and upon such terms as the Board of Managers may deem appropriate. Moreover, the Board of Managers shall be authorized to permit one or more Members or their Affiliates to guaranty any such borrowed funds. In addition, the Board of Managers shall be authorized to issue Equity Kickers in connection with borrowing of funds or guarantees.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp)
