Company Borrowings Sample Clauses

Company Borrowings. (a) At the Closing, the Company and/or its subsidiaries will execute and deliver all agreements and other documents deemed necessary and appropriate to borrow from a third party lender (the "Lender") 44.553 million Euros (the "Debt") to be used to fund the purchase of the FAG Assets and Business under the FAG Asset Transfer Agreement, the purchase of the shares of SKF Sub under the SKF Share Purchase Agreement, and for general corporate purposes. (b) At the Closing, each of NNBR, FAG and SKF shall execute and deliver to the Lender an unconditional guarantee of that portion of the Debt equal to such Party's Percentage Interest. Each party's guarantee shall expire (i) on its sixth (6th) anniversary or (ii) earlier if the party ceases to be a shareholder in the Company. In the event of (ii), above, the Company shall use all reasonable efforts to obtain the release of the party's guarantee by the Lender as quickly as possible.

Company Borrowings. If, at any time or from time to time, the Manager determines that additional funds are required to carry on the business of the Company in the manner contemplated hereunder, the Company may, in lieu of or in addition to obtaining funds from any other source, borrow such funds upon terms and conditions it may determine. Vermont Residential Nominee Services, LLC Amended & Restated Operating Agreement February 16, 2007

Company Borrowings. Subject to Section 3.3(a)(2), if the Company incurs any costs, expenses or charges that it does not have sufficient funds to satisfy, the Managers may seek to cause the Company to borrow the equivalent of such expenses. Each Member shall cooperate with respect to any such borrowing.

Company Borrowings