Common use of Third Party Loans Clause in Contracts

Third Party Loans. The Company may borrow from third party lenders such amounts as the Board of Managers determines to be necessary, either for working capital or capital

Third Party Loans. The Company may borrow from third party lenders such amounts as the Board of Managers determines to be necessary, either for working capital or capitalcapital expenditures, on such terms and conditions as the Board of Managers considers reasonable. The Board of Managers may grant mortgages, security interests, or such other collateral as may be required by such third party lenders to secure any such borrowing.

Third Party Loans. The Company may borrow from third party lenders such amounts as the Board of Managers Manager determines to be necessary, either for working capital or capitalcapital expenditures, on such terms and conditions as the Manager considers reasonable. The Manager may grant mortgages, security interests, or such other collateral as may be required by such third-party lenders to secure any such borrowing.