Future Capital Contributions. (a) If the Company is, or anticipates that it will be, unable to meet its obligations as they become due, or to fund its anticipated capital requirements pursuant to an approved budget, the Board of Managers shall use its commercially reasonable efforts to obtain and will have authority to cause the Company to incur indebtedness in order to fund the obligations. If the Company is unable to obtain third party financing, the Company may negotiate with Members and with Affiliates of Members in an effort to fund the obligations or capital requirements through indebtedness to any of these Persons. Any indebtedness of the Company to a Member or an Affiliate of a Member will be subject to the provisions of this Agreement concerning loan transactions with related parties.
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Samples: Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.), Operating Agreement (Viking Energy Group, Inc.)
Future Capital Contributions. (a) If the Company is, or anticipates that it will be, unable to meet its obligations as they become due, or to fund its anticipated capital requirements pursuant to an approved budget, the Board of Managers shall use its commercially reasonable efforts to obtain and will have authority to cause the Company to incur indebtedness in order to fund the obligations. If the Company is unable to obtain third party financing, the Company may negotiate with Members and with Affiliates of Members in an effort to fund the obligations or capital requirements through indebtedness to any of these Persons. Any indebtedness of the Company to a Member or an Affiliate of a Member will be subject to the provisions of this Agreement Section 4.4 concerning loan transactions with related parties.
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