Common use of No Commitment for Additional Financing Clause in Contracts

No Commitment for Additional Financing. The Company and each Member acknowledge and agree that no Member has made any representation, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance. In addition, the Company and each Member acknowledge and agree that: (a) no statements made by any Member or its representatives before, on or after the Effective Date shall create an obligation to provide or assist the Company in obtaining any financing or investment; (b) no Member shall rely on any such statement by any other Member or its representatives; and (c) an obligation to provide or assist the Company in obtaining any financing or investment may only be created by a written agreement, signed by a Member and the Company, setting forth the terms and conditions of such financing or investment and stating that the parties thereto intend for such writing to be a binding obligation or agreement. Each Member shall have the right, in its sole discretion, to refuse or decline to participate in any such other financing of or investment in the Company, and shall have no obligation to assist or cooperate with the Company in obtaining any financing, investment or other assistance.

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Antero Resources Midstream Management LLC)

No Commitment for Additional Financing. The Company and each Member acknowledge acknowledges and agree agrees that no Member has made any representation, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance. In addition, the Company and each Member acknowledge and agree that: that (a) no statements made by any Member or its representatives before, on or after the Effective Date shall create an obligation to provide or assist the Company in obtaining any financing or investment; , (b) no Member the Company shall not rely on any such statement by any other Member or its representatives; , and (c) an obligation to provide or assist the Company in obtaining any financing or investment may only be created by a written agreement, signed by a such Member and the Company, setting forth the terms and conditions of such financing or investment and stating that the parties thereto intend for such writing to be a binding obligation or agreement. Each Member shall have the right, in its sole and absolute discretion, to refuse or decline to participate in any such other financing of of, or investment in in, the Company, Company and shall have no obligation to assist or cooperate with the Company in obtaining any financing, investment or other assistance.. FLOWCO MERGECO LLC AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT

Appears in 1 contract

Sources: Contribution Agreement (Flowco Holdings Inc.)