Common use of Use of Capital Contributions and Loans Clause in Contracts

Use of Capital Contributions and Loans. The Capital Contributions of the Members, all proceeds of Company borrowings, and any Additional Capital Contributions and Members' Loans made pursuant to this Agreement shall be used and applied for any Company purpose as determined by the Management Committee or as expressly provided for elsewhere herein.

Appears in 3 contracts

Samples: Operating Agreement (Epl Technologies Inc), Operating Agreement (Epl Technologies Inc), Operating Agreement (Global Realty Development Corp)

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Use of Capital Contributions and Loans. The Capital Contributions of the Members, all proceeds of Company borrowings, and any Additional Capital Contributions and Members' Loans made pursuant to this Agreement shall be used and applied for any Company purpose as determined by the Management Committee or as expressly provided for elsewhere hereinMembers.

Appears in 1 contract

Samples: Operating Agreement (Worldwide Web Networx Corp)

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Use of Capital Contributions and Loans. The Capital Contributions of the Members, all proceeds of Company borrowings, and any Additional Capital Contributions and Members' Loans made pursuant to this Agreement shall be used and applied for any Company purpose as determined by the Management Committee or as expressly provided for elsewhere hereinRequired Members.

Appears in 1 contract

Samples: Operating Agreement (Worldwide Web Networx Corp)

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