Loans by Members. No Member will be required to make loans to the Company by virtue of being a Member in the Company. Loans may be made, however, by any Member to the Company and will not be considered Capital Contributions. The amount of any such loan will be a debt due from the Company to such lending Member, and will be made upon such terms and conditions and bearing interest at such rates as will be approved by the Board in its sole discretion.
Appears in 3 contracts
Samples: Operating Agreement (Savage Sports Holdings, Inc.), Operating Agreement (Savage Sports Holdings, Inc.), Limited Liability Company Agreement (Colony Resorts LVH Acquisitions LLC)
Loans by Members. No Member will be required to make loans to the Company by virtue of being a Member in the Company. Subject to the terms of the Loan Documents, Loans may be made, however, by any Member to the Company and will not be considered Capital Contributions. The amount of any such loan will be a debt due from the Company to such lending Member, and will be made upon such terms and conditions and bearing interest at such rates as will be approved by the Board in its sole discretion, which terms and conditions shall, in any event be reasonable.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Colony Resorts LVH Acquisitions LLC)
Loans by Members. No Member will be required to make loans to the Company by virtue of being a Member in the Company. Loans may be made, however, made by any Member to the Company and will not be considered Capital Contributions. The amount of any such loan will be a debt due from the Company to such lending Member, and will be made upon such terms and conditions and bearing interest at such rates as will shall be approved by the Board in its sole discretionBoard.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Magnum Hunter Resources Corp)
Loans by Members. No Member will be required to make loans to the Company by virtue of being a Member in the Company. Loans However, loans may be made, however, made by any Member to the Company and will any such loans shall not be considered Capital Contributions. The amount of any such loan will be a debt due from the Company to such lending Member, and will be made upon such terms and conditions and bearing interest at such rates as will be approved by the Board in its sole discretion., which terms and conditions shall, in any event be reasonable. No Class A Member may make a loan to the Company
Appears in 1 contract
Samples: Limited Liability Company Agreement (Nevada Property 1 LLC)
Loans by Members. No Member will be required to make loans to the Company by virtue of being a Member in the Company. Loans However, loans may be made, however, made by any Member to the Company and will any such loans shall not be considered Capital Contributions. The amount of any such loan will be a debt due from the Company to such lending Member, and will be made upon such terms and conditions and bearing interest at such rates as will be approved by the Board in its sole discretion, which terms and conditions shall, in any event be reasonable.
Appears in 1 contract
Samples: Limited Liability Company Agreement (American Casino & Entertainment Properties LLC)
Loans by Members. No Member will be required to make loans to the Company by virtue of being a Member in the Company. Loans may be made, however, by any Member to the Company and will not be considered Capital Contributions. The amount of any such loan will be a debt due from the Company to such lending Member, and will be made upon such terms and conditions and bearing interest at such rates as will be approved by the Board in its sole discretion, which terms and conditions shall, in any event be reasonable.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Colony Resorts LVH Acquisitions LLC)
