Loans from Third Parties. The Company may incur Indebtedness, or enter into other similar credit, guarantee, financing or refinancing arrangements for any purpose with any Person upon such terms as the Manager determines appropriate; provided that the Company shall not incur any Indebtedness that is recourse to any Member, except to the extent otherwise agreed to in writing by the applicable Member in its sole discretion.
Loans from Third Parties. The Company will be authorized to borrow from recognized banks or financial institutions and other lenders who are not Affiliates of any Members of the Company, at such times and on such terms as the Board approves. The Members hereby agree that if required under the terms of any financing arrangement hereunder, they shall pledge their Percentage Interests to such bank, financial institutions or other lenders providing the loans to the Company.
Loans from Third Parties. The Company may incur Indebtedness, or enter into other similar credit, guarantee, surety, financing or refinancing arrangements for any purpose with any Person upon such terms as the Manager determines appropriate, including to guarantee or provide other credit support arrangements for the benefit of its Subsidiaries or CPE; provided that the Company shall not incur any Indebtedness that is recourse to any Member, except to the extent otherwise agreed to in writing by the applicable Member in its sole discretion. Notwithstanding the foregoing, CPE may (but shall not be required to), with the approval of the Rio Tinto Members, enter into guarantees or other credit support arrangements for the benefit of the Company and/or its Subsidiaries, but no other Member shall be required to do so.
