Loans From Members. Loans by Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the Company, then the making of such loans shall not result in any increase in the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 38 contracts
Samples: Limited Liability Company Agreement (TerraForm Power, Inc.), Limited Liability Company Agreement, Limited Liability Company Agreement (Ub Fuel Cell, LLC)
Loans From Members. Loans by Members to the Company shall not be considered Capital Contributionscapital contributions to the Company. If any Member shall loan funds to the Company, then the making of such loans shall not result in any increase in the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Us LBM Holdings, Inc.), Limited Liability Company Agreement (PetIQ, Inc.), Limited Liability Company Agreement (Planet Fitness, Inc.)
Loans From Members. Loans by Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the Company, then the making of such loans shall not result in any increase in the Capital Account balance of such Member. The amount of any such loans loan shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are loan is made.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (LunaDNA, LLC), Limited Liability Company Agreement (SavvyShares LLC), Limited Liability Company Agreement (LunaDNA, LLC)
Loans From Members. Loans by Members to the Company LLC shall not be considered Capital Contributions. If any Member shall loan funds to the CompanyLLC in excess of the amounts required hereunder to be contributed by such Member to the capital of the LLC, then the making of such loans shall not result in any increase in the amount of the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company LLC to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (BioFuel Energy Corp.), Limited Liability Company Agreement (BioFuel Energy Corp.), Limited Liability Company Agreement (BioFuel Energy Corp.)
Loans From Members. Loans by from Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the Company, then the making of such loans shall not result in any increase in the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (CF Industries Holdings, Inc.), Limited Liability Company Agreement (CHS Inc), Limited Liability Company Agreement (CF Industries Holdings, Inc.)
Loans From Members. Loans by Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the Company in excess of the amounts required hereunder to be contributed by such Member to the capital of the Company, then the making of such loans shall not result in any increase in the amount of the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 2 contracts
Samples: Merger Agreement (Driven Brands Holdings Inc.), Limited Liability Company Agreement (Chefs' Warehouse Holdings, LLC)
Loans From Members. Loans by Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the Company, then the making of such loans shall not result in any increase in the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made, in each instance, as approved by the Board of Directors (subject to Section 7.1(c)(xi)).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/), Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/)
Loans From Members. Loans by Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the Company, then the making of such loans shall not result in any increase in the amount of the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 2 contracts
Samples: Operating Agreement (Viroment Capital, LLC), Limited Liability Company Operating Agreement (VHS of Anaheim Inc)
Loans From Members. Loans by Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the Company, then the making of such loans shall not result in any increase in the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Internap Corp), Limited Liability Company Agreement (Erie Shores Emergency Physicians, Inc.)
Loans From Members. Loans by Members Member to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the CompanyCompany in accordance with the terms of this Agreement (including Section 7.6), then the making of such loans shall not result in any increase in the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Express, Inc.), Limited Liability Company Agreement (Express, Inc.)
Loans From Members. Loans by Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds contributions to the Company, then capital of the making of such loans Company hereunder. Any loan made by a Member shall not result in any increase in the amount of the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans advances are made; provided that the terms of any such loan shall not be less favorable to the Company, taken as a whole, than would be available to the Company from unrelated lenders and such loan shall be approved by the Board.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Regal Entertainment Group)
Loans From Members. Loans by Members to the Company shall not be considered Capital Contributions. If any Member shall loan funds to the Company, then the making of such loans shall not result in any increase incre ase in the amount of the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Loans From Members. Loans by Members to the Company shall not be considered Capital ContributionsContributions unless otherwise agreed to by the Board. If any Member shall loan funds to the Company in excess of the amounts required hereunder to be contributed by such Member to the capital of the Company, then the making of such loans shall not result in any increase in the amount of the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Loans From Members. Loans by Members to the Company shall not be considered Capital ContributionsContributions unless otherwise agreed to by the Manager. If any Member shall loan funds to the Company in excess of the amounts required hereunder to be contributed by such Member to the capital of the Company, then the making of such loans shall not result in any increase in the amount of the Capital Account balance of such Member. The amount of any such loans shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made.
Appears in 1 contract
