LLC LOANS. LLC Loans" shall refer to any loans or advances made by any Member to the LLC at the Member's option, without obligation to so do, to the extent the LLC does not have sufficient resources (assets, borrowings or otherwise) to meet its LLC obligations. Such LLC Loans shall bear interest at the rate agreed to between the Member and the Manager.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (G&l Realty Corp), Company Operating Agreement (Kennedy Wilson Inc), Limited Liability Company Operating Agreement (Tsecrp Inc)
LLC LOANS. LLC Loans" shall refer to any loans or advances made by any the Member to the LLC at the Member's option, without obligation to so do, to the extent the LLC does not have sufficient resources (assets, borrowings or otherwise) to meet its LLC obligations. Such LLC Loans shall bear interest at the rate agreed to between the Member and the ManagerManagers.
Appears in 2 contracts
Samples: Company Agreement (Citi TeeVee LLC), Company Agreement (Citi TeeVee LLC)
