Common use of Source of Funding Clause in Contracts

Source of Funding. The Company will be funded by the sale of Units and one or more secured or unsecured loans from the Manager or an Affiliate thereof. The Manager may issue Units as described in this Agreement. The Company may use debt and/or other alternative financing to fund its capital needs, as determined in the Manager’s sole discretion. In the event the Manager is able to obtain additional debt or alternative financing, or the Company’s capital needs are reduced, the offering amount pursuant to any confidential private placement memorandum or offering circular and the number of Units to be issued by the Company may be reduced as determined by the Manager in its sole discretion.

Appears in 5 contracts

Samples: Operating Agreement (Cardone Equal Opportunity Fund 2, LLC), Operating Agreement (Cardone Equal Opportunity Fund 2, LLC), Operating Agreement

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