Manager Advances and Member Loans. If required to protect or preserve the Company’s assets, the Manager has the sole discretion to apply other available Company funds to pay any Company obligations. However, if sufficient Company funds are not available, the Manager or one or more Members may loan funds to the Company subject to the following provisions:
Appears in 40 contracts
Samples: Limited Liability Company Agreement (Mission First Capital LLC), Amended Operating Agreement (Holiday Lifestyle Fund I), Limited Liabiltiy Company Agreement (Mission First Capital LLC)
Manager Advances and Member Loans. If required to protect or preserve the Company’s Company assets, the Manager has the sole discretion to apply other available Company funds to pay any Company obligations. However, if sufficient Company funds are not available, the Manager or one or more Members may loan funds to the Company subject to the following provisions:
Appears in 8 contracts
Samples: Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC), Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC), Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC)
Manager Advances and Member Loans. If required to protect or preserve the Company’s assetsProperty, the Manager has the sole discretion to apply other available Company funds to pay any Company obligations. However, if sufficient Company funds are not available, the Manager or one or more Members may loan funds to the Company subject to the following provisions:
Appears in 1 contract
Samples: Operating Agreement
