Loans and Other Business Transactions. Any Member may, at any time, make or cause a loan to be made to the Company in any amount and on those terms upon which the Company and the Member agree. Members may also transact other business with the Company and, in doing so, they shall have the same rights and be subject to the same obligations arising out of any such business transaction as would be enjoyed by and imposed upon any Person, not a Member, engaged in a similar business transaction with the Company.
Loans and Other Business Transactions. Any Member may, at any time, make or cause to be made a non-recourse loan to the Company in any amount and on those terms upon which the Member making such non-recourse loan and the Company may agree in writing. Acceptance by the Company of any such Loan provided by a Member requires the prior unanimous consent of the Members. Any Member may also transact other business, subject to the requirement provided in Section 5.3.4, with the Company and be an employee or independent contractor of the Company and, in doing so, it shall have the same rights and be subject to the same obligations arising out of any such business transaction or employment or consultant relationship, as would be enjoyed by and imposed upon any Person, not a Member, engaged in a similar business transaction with the Company.
Loans and Other Business Transactions. Upon consent of the Manager: (i) any Member may, at any time, make or cause a loan to be made to the Company in any amount and on those terms upon which the Majority in Interest deems appropriate; and (ii) Members may also transact other business with the Company and, in doing so, they shall have the same rights and be subject to the same obligations arising out of any such business transaction as would be enjoyed by and imposed upon any Person, not a Member, engaged in a similar business transaction with the Company.
Loans and Other Business Transactions. A Partner or an Affiliate thereof may make a loan to the Partnership only with the consent of the General Partner and then in such amount and on those terms upon which the General Partner and such Partner or Affiliate agree. Partners or Affiliates thereof may also transact other business with the Partnership with the approval of the General Partner and, in doing so, they shall have the same rights and be subject to the same obligations arising out of any such business transaction as would be enjoyed by and imposed upon any Person, not a Partner, engaged in a similar business transaction with the Partnership. Any business transacted by a Partner or its Affiliate with the Partnership shall be on terms no less favorable than would be available from third parties in an arm's length transaction. The Partners acknowledge that all documents executed by the Partnership with a Partner or with any Affiliate of a Partner prior to or contemporaneously with the execution of this Agreement conform to the requirements of the preceding sentence.
Loans and Other Business Transactions. The Class B Member may make or cause a loan to be made to the Company in an amount and on those terms Approved by the Members. Members may also transact other business with the Company that is Approved by the Members and, in doing so, they shall have the same rights and are subject to the same obligations arising out of any such business transaction as would be enjoyed by and imposed upon any Person, not a Member, engaged in a similar business transaction with the Company.
Loans and Other Business Transactions. Article IV. Profit, Loss and Distributions . . . . . . . . . . 11 4.1
Loans and Other Business Transactions. A Partner may make a loan to the Partnership only with the consent of the Management Committee and then in such amount and on those terms upon which the Management Committee and the Partner agree. Partners may also transact other business with the Partnership with the approval of the Management Committee and, in doing so, they shall have the same rights and be subject to the same obligations arising out of any such business transaction as would be enjoyed b y and imposed upon any Person, not a Partner, engaged in a similar business transaction with the Partnership. Any business transacted by a Partner or its Affiliate with the Partnership shall be on terms no less favorable to the Partnership than would be available from third parties in an arms-length transaction. The Partners acknowledge that all documents executed by the Partnership with a Partner or with any Affiliate of a Partner prior to or contemporaneously with the execution of this Agreement confor m to the requirements of the preceding sentence.
Loans and Other Business Transactions. Any Member may, at any time, make or cause a loan to be made to the Company in any amount and on those terms upon which the Company and the Member agree. Members may also transact other business with the Company and, in doing so, they shall have the same rights and be subject to the same obligations arising out of any such business transaction as would be enjoyed by the imposed upon any Person, not a Member engaged in a similar business transaction with the Company. Natex Corporation agrees to loan up to $100,000 to the Company in addition to its initial capital contribution. Such $100,000 amount shall be reduced by any loans that Natex made to Powerball Industries, Inc. prior to the formation of the Company.
Loans and Other Business Transactions. In addition to Working Capital Loans and loans to the Company made pursuant to Section 3.2.4, any Member may, at any time, make a loan to the Company in any amount and on those terms approved in accordance with Section 5.6.2.1
Loans and Other Business Transactions. Subject to any approval required under Article V of this Agreement, any Member may, at any time, make or cause a loan to be made to the Company in such amount and upon such terms as the Company and the Member shall agree. Subject to any approval required under Article V of this Agreement, Members may also transact other business with the Company and, in doing so, they shall have the same rights and be subject to the same obligations arising out of any such business transaction as would be enjoyed by and imposed upon any Person, not a Member, engaged in a similar business transaction with the Company.
