Common use of Member Loans Clause in Contracts

Member Loans. In the event the Company is unable or elects not to obtain any third-party loans or the Member determines that the Company requires funds in addition to any amounts borrowed under Article V.1 above, then the Member may make loans to the Company in such amounts and upon such terms and conditions as the Member may elect. Any loan made by the Member to the Company shall not be treated as a Capital Contribution for any purpose under this Agreement.

Appears in 16 contracts

Samples: Operating Agreement (Outfront Media Minnesota LLC), Operating Agreement (Outfront Media Minnesota LLC), Operating Agreement (Outfront Media Minnesota LLC)

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Member Loans. In the event the Company is unable or elects not to obtain any third-party loans or the Member determines that the Company requires funds in addition to any amounts borrowed under Article V.1 V.2 above, then the Member may make loans to the Company in such amounts and upon such terms and conditions as the Member may elect. Any loan made by the Member to the Company shall not be treated as a Capital Contribution for any purpose under this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Outfront Media Minnesota LLC)

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