Common use of Loans by a Member Clause in Contracts

Loans by a Member. (a) If any additional funds are required for additional working capital to operate the Company, then, in lieu of borrowing funds from unaffiliated lenders or the Member otherwise making Additional Capital Contributions, the Board may cause the Company to borrow from the Member such amounts as may reasonably be required and as are necessary to operate the Company as shall be determined by the Board. Nothing herein shall obligate the Member to make any such loans to the Company.

Appears in 9 contracts

Samples: Operating Agreement (RAC Mexico Holdings II, LLC), Operating Agreement (RAC Mexico Holdings II, LLC), Operating Agreement (RAC Mexico Holdings II, LLC)

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