Third Party Loans. The Company may borrow from third party lenders such amounts as the Board of Managers determines to be necessary, either for working capital or capital expenditures, on such terms and conditions as the Board of Managers considers reasonable. The Board of Managers may grant mortgages, security interests, or such other collateral as may be required by such third party lenders to secure any such borrowing.
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Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Third Party Loans. The Company may may, subject to Section 6.2, borrow from third party lenders such amounts as the Board of Managers determines to be is necessary, either for working capital or capital expenditures, on such terms and conditions as the Board of Managers considers reasonable. The Board of Managers may grant mortgages, security interests, interests or such other collateral liens upon the assets of the Company as may be required by such third party lenders lender to secure any such borrowing.
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Samples: Limited Liability Company Agreement (Brooks Pharmacy, Inc.)
Third Party Loans. The Company may borrow from third party lenders such amounts as the Board of Managers Manager determines to be necessary, either for working capital or capital expenditures, on such terms and conditions as the Board of Managers Manager considers reasonable. The Board of Managers Manager may grant mortgages, security interests, or such other collateral as may be required by such third third-party lenders to secure any such borrowing.
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