Common use of Other Loans Clause in Contracts

Other Loans. If the Manager determines that funds are reasonably necessary for conducting the business of the Company, the Manager is authorized (but not obligated) to borrow the needed funds on the Company’s behalf on commercially reasonable terms existing at the time of the borrowing, and all or any portion of the Company’s assets may be pledged or conveyed as security for the indebtedness.

Other Loans. If the Manager determines Managers determine that funds are reasonably necessary for conducting the business of the Company, the Manager is Managers are authorized (but not obligated) to borrow the needed funds on the Company’s 's behalf on commercially reasonable terms existing at the time of the borrowing, and all or any portion of the Company’s 's assets may be pledged or conveyed as security for the indebtedness.

Other Loans. If the Manager determines that funds are reasonably necessary for conducting the business of the Company, the Manager is authorized (but not obligated) to borrow the needed funds on the Company’s 's behalf on commercially reasonable terms existing at the time of the borrowing, and all or any portion of the Company’s 's assets may be pledged or conveyed as security for the indebtedness.

Other Loans. If the Manager determines Managers determine that funds are reasonably necessary for conducting the business of the Company, the Manager is Members are authorized (but not obligated) to enter into any loan or credit agreements, and to borrow the needed funds on the Company’s 's behalf on terms such Managers believe are commercially reasonable terms existing at reasonable, and with the time consent of the borrowingmajority of all outstanding Units, and all or any portion of the Company’s 's assets may be pledged or conveyed as security for indebtedness of the indebtednessCompany.