Member Advances definition

Member Advances is defined in Section 7.7.
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Member Advances means the advances on distributions made by Parascript to Members on or after January 1, 2007 and prior to the Closing Date.
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Member Advances has the meaning set forth in Section 3.7 hereof.
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Examples of Member Advances in a sentence

  • Notwithstanding the foregoing, Borrower may make advances to each of its members (collectively, the “Member Advances”) in an amount sufficient to cover that member’ s estimated tax liability due and payable as a result of income of Borrower attributed to the member during any period that Borrower remains a limited liability company; provided, however, that no Member Advances may be made if, at the time or as a result thereof, an Event of Default could occur.

  • Until the Company secures a Senior Facility in an amount of at least $55 million supported by the Company without a guarantee from Crescent Operating, payments under any Member Advances which are required to be made to Charter Inc.

  • The Company shall use all Additional Capital Contributions and Member Advances for the benefit of the Company in such manner as Magellan, in its sole discretion, directs.

  • The Company shall use all Additional Capital Contributions and Member Advances for the benefit of the Company in such manner as Charter Inc., in its sole discretion, directs.

  • Until the Company secures a Senior Facility in an amount of at least $55 million supported by the Company without a guarantee from New Crescent, payments under any Member Advances which are required to be made to Magellan shall be subordinated to payments under any Member Advances which are required to be made to New Crescent.

  • The Bank is authorized by the Federal Home Loan Bank Act, as amended, and related regulations and directives ("Act"), and by the Bank's own policies, to make loans to the Member ("Advances").