Loans by Members. The Company may borrow money from any Member or Affiliate for Company purposes on such terms as the Company and such Member or Affiliate may agree. Any such advance or loan will be treated as indebtedness of the Company, and will not be treated as a Capital Contribution by a Member.
Appears in 3 contracts
Samples: Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Grand Palais Riverboat Inc)
Loans by Members. The Company may borrow money from any Member or Affiliate of a Member for Company purposes on purposes, upon such terms as the Company and such Member or Affiliate Manager may agreeapprove. Any such advance or loan will be treated as indebtedness of the Company, and will not be treated as a Capital Contribution by a Member. If any Member or Affiliate pays money pursuant to any letter of credit, guarantee or other surety arrangement for the benefit of the Company, such payment will be deemed to be a loan made by such Person to the Company.
Appears in 2 contracts
Samples: Operating Agreement (McGuirk Terence F), Operating Agreement (Malone John C)
Loans by Members. The Company may borrow money from any Member or Affiliate ---------------- for Company purposes on such terms as the Company and such Member or Affiliate may agree. Any such advance or loan will be treated as indebtedness of the Company, Company and will not be treated as a Capital Contribution by a Member.
Appears in 1 contract
Samples: Operating Agreement (Isle of Capri Black Hawk Capital Corp)
