Loans From Shareholders. The Company may from time to time borrow funds from Shareholders on such terms and conditions deemed acceptable by the Board of Managers. Loans by Shareholders to the Company shall not be considered Consideration for a Unit or any other type of special or unique consideration. The amount of such loans shall be a debt of the Company to such Shareholder and shall be payable or collectable in accordance with the terms and conditions upon which such loans are made.
Appears in 2 contracts
Sources: Shareholder Agreement, Shareholder Agreement