Loans to the Company. The Member may make loans to the Company from time to time. Any such loans shall not be treated as Capital Contributions to the Company for any purpose hereunder, but the Company shall be obligated to the Member for the amount of any such loans pursuant to the terms thereof.
Loans to the Company. Any Member, directly or through an Affiliate, may at any time or from time to time lend funds to the Company with the consent of the Board. Any such loan shall be repayable by the Company to the Member (or its Affiliate, if applicable) at such date or dates as they may agree, and shall bear interest and carry such other terms as they may agree at a fair market interest rate and terms for similar loans between unaffiliated parties. The Members expressly agree and acknowledge that nothing in this Section 3.7 shall be deemed to require or otherwise obligate any Member to make any such loan to the Company. A loan by a Member to the Company shall not increase the interest of the lending Member in the capital of the Company and shall not entitle such Member to any increased share in the Company’s capital, Profits or Losses.
Loans to the Company. In the event the Manager determines that funds are reasonably necessary for maintaining and protecting the Property of the Company or conducting its business, the Manager shall be authorized to borrow funds on behalf of the Company on commercially reasonable terms from a commercial lending institution or from one or more of the Members. No Member shall be required to make any loans to the Company. To the extent any borrowing from Members is approved by the Manager, the Members may be permitted to make loans to the Company if and to the extent they so desire, the Managers have approved the same, and the Company requires such funds, as determined by the Manager in its sole discretion. In such event, the Members shall have the opportunity (but not the obligation) to participate in such Member loans on a pro rata basis in accordance with their Ownership Percentages, and the security (if any) for such Member loans shall be as nearly equal as possible among the lending Members based upon the respective amounts lent by each Member. The making of any loan by a Member shall not create any additional fiduciary duty as between the Member and the Company and shall not otherwise restrict the right to foreclose, or restrict any other legal remedies which may be exercised by the Member as may be provided to a third party creditor under law. Any loan made by a Member shall not be treated as a Capital Contribution for any purpose under this Agreement, nor shall any such loan entitle a Member to any increase in his or her share of the Profits or Losses of, or the distributions from the Company. Any loan from a Member shall be repayable on the terms and conditions and shall bear interest at the rate agreed to by the Manager and lending Member.
Loans to the Company. The amount of a loan, if any, made to the Company by a Member shall not be considered a contribution to capital of the Company nor shall the making of such loan entitle such Member to an increased share of the profits or losses to be made pursuant to the provisions of this Agreement. All such loans shall be documented by a promissory note of the company and shall bear interest at the rate, and be subject to the other terms, agreed to by the lending Member and the Members.
Loans to the Company. (1) Subject to the provision of sub‑clause (2) of this clause the State will guarantee (pursuant to the provisions of the Industry (Advances) Act, 1947) repayment of the following loans and payment of interest thereon to be made to the Company for the purpose of the construction of the factory, namely
(a) a series of loans from the Superannuation Board in the said State aggregating the sum of $4 500 000 each for a term not exceeding 25 years from the respective days of the funding (such loans complementing a loan for the sum of $1 500 000 which has been advanced by the said Superannuation Board on a like basis),
(b) loans from the Australian and New Zealand Banking Group Limited of such sum or sums as shall be required to provide bridging finance to the Company pending advances being made as mentioned in paragraph (a) of this clause. Interest thereon will not exceed 1½ percentum above the prime overdraft rate charged by the said Bank from time to time,
(c) a loan from the said Bank for the sum of $1 000 000 for a term not exceeding 5 years to be made not before the loans referred to in paragraph (a) of this clause have been expended by the Company. The liability of the State as guarantor for the interest payable thereon shall not exceed the long term bond rate as hereinbefore defined plus 1½ percentum, and
(d) subject to satisfactory compliance by the Company with the terms and conditions of the mortgages and charges given in respect of the loans mentioned in paragraphs (a) (b) and (c) of this clause a loan of $1 000 000 from a lender approved by the State in substitution for the loan mentioned in paragraph (c) of this clause for a term which when aggregated with the elapsed term of the loan for which it is substituted shall not exceed 25 years.
(2) The giving of the guarantees in respect of the loans referred to in sub‑clause (1) of this clause are conditional upon the Company first executing in favour of the State or its nominee such mortgages and charges over such of the Company’s real and personal property and in such form and containing such covenants and provisions as the State requires and their respective registration in the relevant offices of registration in such priority as the State determines AND the Company will do all such acts matters and things as are required to so effect registration or as are incidental thereto.
(1) The Conservator has supplied the Company with his best estimates of the availability of chiplogs and sawmill residues from...
Loans to the Company. If the Company has insufficient funds to meet its obligations as they come due and to carry out its routine, day-to-day affairs, then, in lieu of obtaining required funds from third-parties or selling its assets to provide required funds, the Company may, but shall not be required to, borrow necessary funds from one or more of the Members as designated by the Managers; provided that the terms of such borrowing shall be commercially reasonable and the Company shall not pledge its assets to secure such borrowing.
Loans to the Company. A Member may lend money to the Company if authorized by the Board of Directors. Any such loan shall not be treated as a Capital Contribution for any purpose and shall not entitle the Member to any increase in such Member's Membership Interest. The Company shall be obligated to such Member for the amount of any such loan, with interest thereon at such rate as may have been agreed upon by the Board of Directors.
Loans to the Company. Subject to the terms of this Agreement, the Company may borrow from Members to finance its working capital (a “Member Loan”) on commercially reasonable terms; provided, that any Member Loan shall carry interest at the prime interest rate in effect at the time of the Member Loan (as reported by Bank of America, N.A. or any successor thereto), non-compounding, and shall have no prepayment penalty or premium; provided, further, that the Company shall only borrow the amount that is necessary for its reasonable working capital needs and shall pay off any such Member Loan as soon as cash becomes available to the Company.
Loans to the Company. Each of Affinia, as authorized by its board, and Zhang may, but is not obliged to, make shareholder’s loans to the Company from time to time, under the terms and conditions of a loan agreement reached at arm’s length.
Loans to the Company. If and to the extent you loan any funds to the Company (included but not limited to amounts loaned for retention of investment bankers), such loans shall be made pursuant to a written Secured Convertible Promissory Note on the same terms as loans made to the Company by Dxxx Unis.
