Common use of Loans Clause in Contracts

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 20 contracts

Samples: Limited Liability Company Agreement (Enterprise Products Partners L P), Limited Liability Company Agreement (Enterprise GP Holdings L.P.), Limited Liability Company Agreement (Eagle Rock Energy Partners, L.P.)

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Loans. If the Company does not have sufficient cash to pay its obligations, any Member Member(s) that may agree to do so may, upon Special Approval, may advance all or part of the needed funds for such obligation to or on behalf of the Company. An Any advance described in this Section 4.02 constitutes 5.3 will constitute a loan from the Member to the Company, may will bear interest at a lawful rate comparable to determined by the rate Members from the Company could obtain from third parties, date of the advance until the date of payment and is will not be a Capital Contribution.

Appears in 15 contracts

Samples: Limited Liability Company Agreement (Delek Logistics Partners, LP), Limited Liability Company Agreement (Delek Logistics Partners, LP), Limited Liability Company Agreement (Delek Logistics Partners, LP)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member Member(s) that may agree to do so may, upon Special Approval, may advance all or part of the needed funds for such obligation to or on behalf of the Company. An Any advance described in this Section 4.02 constitutes 5.2 will constitute a loan from the Member to the Company, may will bear interest at a lawful rate comparable to determined by the rate Members from the Company could obtain from third parties, date of the advance until the date of payment and is will not be a Capital Contribution.

Appears in 11 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Tesoro Corp /New/), Limited Liability Company Agreement (Tesoro Logistics Lp)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so maywith the consent of the Board, upon Special Approval, may advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.2 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to not greater than the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Memorial Production Partners LP), Limited Liability Company Agreement (LRR Energy, L.P.), Limited Liability Company Agreement (Memorial Production Partners LP)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may shall bear interest at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of repayment, and is not a Capital Contribution.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Enterprise GP Holdings L.P.), Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (Duncan Energy Partners L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member Member(s) that may agree to do so may, upon Special Approval, may advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes 5.2 will constitute a loan from the Member to the Company, may which will bear interest at a rate comparable to determined by the rate Members from the Company could obtain from third partiesdate of the advance until the date of payment, and is will not be a Capital Contribution.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Western Midstream Operating, LP), Limited Liability Company Agreement (Western Midstream Partners, LP), Limited Liability Company Agreement (Western Gas Equity Partners, LP)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approvalapproval by the Board of Directors, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may shall bear interest at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of repayment, and is not a Capital Contribution.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (Duncan Energy Partners L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may shall bear interest at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of payment, and is not a Capital Contribution.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement (Cheniere Energy Partners, L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approvalapproval of a Super-Majority Interest, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.2 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Enterprise GP Holdings L.P.), Limited Liability Company Agreement (QR Energy, LP), Limited Liability Company Agreement (Energy Transfer Equity, L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approvalwith the consent of the Audit and Conflicts Committee, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to determined by the rate Board of Directors from the Company could obtain from third partiesdate of the advance until the date of repayment, and is not a Capital Contribution.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Enterprise Products Partners L P), Limited Liability Company Agreement (Enterprise Products Partners L P), Parent Company Agreement (El Paso Corp/De)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may shall bear interest interest, if any, at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of payment, and is not a Capital Contribution.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approvalapproval of the Managing Member, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.2 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Williams Companies Inc), Agreement and Plan of Merger, Limited Liability Company Agreement (Energy Transfer Equity, L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approvalapproval by the Board of Directors, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.04 constitutes a loan from the Member to the Company, may shall bear interest at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of repayment, and is not a Capital Contribution.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (Duncan Energy Partners L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, with the consent of the Board may advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes 4.2 will constitute a loan from the Member to the Company, may bear interest at a rate comparable to not greater than the rate the Company could obtain from third parties, and is will not be a Capital Contribution.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Constellation Energy Partners LLC), Limited Liability Company Agreement (Sanchez Production Partners LP), Limited Liability Company Agreement

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may shall bear interest at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of payment, and is not a Capital Contribution. In no event shall any such loans grant the Member (or any other Persons) rights that violate any of the Purchaser’s rights pursuant to this Agreement or any of the other Basic Documents.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement, Limited Liability Company Agreement

Loans. If the Company does not have sufficient cash to pay its obligations, any Member Common Unitholder(s) that may agree to do so may, upon Special Approval, may advance all or part of the needed funds for such obligation to or on behalf of the CompanyCompany at an interest rate and on other terms approved by the Board. An advance described in this Section 4.02 5.02 constitutes a loan from the Member to the Company, may bear bears interest at a such rate comparable to from the rate date of the Company could obtain from third parties, advance until the date of payment and is not a Capital Contribution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Blueknight Energy Holding, Inc.), Limited Liability Company Agreement (CB-Blueknight, LLC)

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Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.2 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (EV Energy Partners, LP), Limited Liability Company Agreement (EV Energy Partners, LP)

Loans. If the Company does not have sufficient cash to pay its obligations, with the consent of the Board, any Member that may agree to do so may, upon Special Approval, (but shall not be required to) advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.2 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to not greater than the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP), Limited Liability Company Agreement (Mid-Con Energy Partners, LP)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approvalapproval of a Super-Majority Interest, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.3 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Limited Liability Company Agreement (Energy Transfer Equity, L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approvalapproval by the Board of Directors, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.03 constitutes a loan from the Member to the Company, may shall bear interest at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of repayment, and is not a Capital Contribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Duncan Energy Partners L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approvalapproval by the Manager or the Board, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.03 constitutes a loan from the Member to the Company, may shall bear interest at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of repayment, and is not a Capital Contribution.

Appears in 1 contract

Samples: Company Agreement (Duncan Energy Partners L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may shall bear interest at a rate comparable to the rate the Company could obtain from third parties, from the date of the advance until the date of payment, and is not a Capital Contribution. In no event shall any such loans grant the Member (or any other Persons) rights that violate any of the Purchaser's rights pursuant to this Agreement or any of the other Basic Documents.

Appears in 1 contract

Samples: Unit Purchase Agreement (Cheniere Energy Partners, L.P.)

Loans. If the Company does not have sufficient cash to pay its obligations, any the Member that may agree to do so may, upon Special Approvalwith the consent of the Board, advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 4.2 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to not greater than the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Memorial Production Partners LP)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, may advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes a loan from the Member to the Company, may bear interest at a rate comparable to the rate the Company could obtain from third parties, and is not a Capital Contribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Eagle Rock Energy Partners L P)

Loans. If the Company does not have sufficient cash to pay its obligations, any Member that may agree to do so may, upon Special Approval, may advance all or part of the needed funds for such obligation to or on behalf of the Company. An advance described in this Section 4.02 constitutes 4.2 will constitute a loan from the Member to the Company, Company and may bear interest at a rate comparable to approved by the rate Board of Directors, from the Company could obtain from third partiesdate of advancement until the date of payment in full, and is will not constitute a Capital Contribution.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DCP Midstream, LP)

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