Common use of Member Guarantees Clause in Contracts

Member Guarantees. Upon the request of the Manager, or upon a Member’s own election but subject to the Manager’s agreement, which may be withheld in the Manager’s sole discretion, a Member (the “Initiating Member”) from time to time, may, but shall not be required to, guarantee or otherwise provide credit support for Company indebtedness or a deficit restoration obligation as such Member may elect. All Members are entitled to notice of any such guarantee or credit support, and shall have the right to provide guarantees or credit support on the same terms and conditions as the Initiating Member does, and all Members interested in providing such guarantee or credit support shall cooperate with the Manager and each other in considering any guarantee or credit support proposal, and the Manager will cooperate in permitting or obtaining any consents for such guarantees or credit support.