Loans by Members. The Company may borrow money from any Member or Affiliate for Company purposes on such terms as the Company and such Member or Affiliate may agree. Any such advance or loan will be treated as indebtedness of the Company, and will not be treated as a Capital Contribution by a Member.
Appears in 3 contracts
Samples: Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Grand Palais Riverboat Inc)
Loans by Members. The Company may borrow money from any Member or Affiliate ---------------- for Company purposes on such terms as the Company and such Member or Affiliate may agree. Any such advance or loan will be treated as indebtedness of the Company, Company and will not be treated as a Capital Contribution by a Member.
Appears in 1 contract
Samples: Operating Agreement (Isle of Capri Black Hawk Capital Corp)
