Examples of Lending Member in a sentence

Each Member shall execute and deliver to the Company and the other Members all financing statements and other instruments that the Lending Member may request to effectuate and carry out the preceding provisions of this Section 4.03(b).
At the option of a Lending Member, this Agreement or a carbon, photographic, or other copy hereof may serve as a financing statement.
On any default in the payment of a Capital Contribution or in the payment of such a loan or interest accrued on it, the Company or the Lending Member, as applicable, is entitled to all the rights and remedies of a secured party under the Uniform Commercial Code of the State of Delaware with respect to the security interest granted in this Section 4.03(b).
The Delinquent Member shall have direct liability for the Delinquent Member’s obligation to make Capital Contributions or repay any loan to a Lending Member.
In the event of a Distribution by the Manager under Article 5 herein or under a dissolution of the Company under Article 10 herein, the Manager shall use the funds attributable to the Defaulting Member, to first pay off any loans to the Defaulting Member by the Lending Member.

More Definitions of Lending Member

Lending Member has the meaning set forth in Section 7.2(g)(ii).

Lending Member is defined in Section 5.2(d).

Lending Member. As defined in Section 2.3. --------------

Lending Member is defined in Section 3.4(a).

Lending Member means a Member who advances that portion of a Delinquent Member’s Capital Contribution that is in default or who otherwise advances a portion of another Member’s Capital Contribution in accordance with this Agreement.

Lending Member means those Members, whether one or more, who advance the portion of the Delinquent Member’s Capital Contribution that is in default.

Lending Member has the meaning given such term in SECTION 4.03(a).