Member Loans. The Company may borrow from the Sole Member or Affiliates of the Sole Member such amounts as the Company determines is necessary, either for working capital or capital expenditures, on such terms and conditions as the Company considers reasonable. The Company may grant mortgages, security interests or other liens upon the assets of the Company as may be required by the Sole Member or Affiliate of the Sole Member to secure any such borrowing. The Sole Member shall not be required to make any such loan.
Appears in 39 contracts
Samples: Operating Agreement (Sabra Phoenix TRS Venture, LLC), Operating Agreement (Sabra Phoenix TRS Venture, LLC), Limited Liability Company Agreement (Sabra Phoenix TRS Venture, LLC)