Loans by Members. Any Member may, but is not obligated to, loan to the Company such sums as the Members determine to be appropriate for the conduct of the Company’s business. Any such loans shall be made at an interest rate and upon other terms and for such maturities as the Members determine are commercially reasonable.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (FDR Ireland LTD), Operating Agreement (Aleris International, Inc.), Limited Liability Company Operating Agreement (FDR Ireland LTD)
Loans by Members. Any Member may, but is not obligated to, loan to the Company such sums as the Members determine Member determines to be appropriate for the conduct of the Company’s business. Any such loans shall bear interest at one percent (1%) above the prime rate of interest charged from time to time by the Company’s bank and shall be made at an interest rate and upon on such other terms and for such maturities as the Members determine are commercially reasonableMember may agree.
Appears in 2 contracts
Samples: Operating Agreement (ServiceMaster Consumer Services Limited Partnership), Operating Agreement (ServiceMaster Consumer Services Limited Partnership)
