New Interests. In the event that the Company requires additional funds to carry out its purposes, to conduct its business, or to meet its obligations, the Company may create and issue and /or assign additional Interests to such investors as the Board may determine, or may borrow funds from such lender(s) as the Board may determine, in each case including any one or more Managers or existing Members, all on such terms and conditions as are approved by the Board.
Appears in 1 contract
Sources: Limited Liability Company Agreement (St Lawrence Seaway Corp)
New Interests. In the event that the Company requires additional funds to carry out its purposes, to conduct its business, or to meet its obligations, the Company may create and issue and /or and/or assign additional Interests to such investors as the Board may determine, or may borrow funds from such lender(s) as the Board may determine, in each case including any one or more Managers or existing Members, all on such terms and conditions as are approved by the BoardBoard and otherwise in compliance with this Agreement.
Appears in 1 contract
Sources: Limited Liability Company Agreement (St Lawrence Seaway Corp)