Member Loans. A Member, or an Affiliate of a Member, may, but is not obligated to, loan or cause to be loaned to the Company such additional sums as the Managers deem appropriate or necessary for the conduct of the business of the Partnership. Loans made by a Member, or an Affiliate of a Member, shall be upon such terms and for such maturities as the Managers deem reasonable in view of all the facts and circumstances and the repayment of which may be designated in priority to distributions of Cash Flow.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Energy Services Puerto Rico LLC), Limited Liability Company Agreement (Energy Services Puerto Rico LLC), Limited Liability Company Agreement (Energy Services Puerto Rico LLC)
Member Loans. A Member, or an Affiliate of a Member, may, but is not obligated to, loan or cause to be loaned to the Company such additional sums as the Managers deem appropriate or necessary for the conduct of the business of the PartnershipCompany. Loans made by a Member, or an Affiliate of a Member, shall be upon such terms and for such maturities as the Managers deem reasonable in view of all the facts and circumstances and the repayment of which may be designated in priority to distributions of Cash Flow.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Forbes Energy International, LLC), Limited Liability Company Agreement (Forbes Energy Services LLC), Limited Liability Company Agreement (Forbes Energy Services LLC)
