Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 151 contracts
Samples: Limited Liability (Eagle Point Income Co LLC), Limited Liability Company Agreement (OCH International, Inc.), Limited Liability Company Agreement (CSE Ripon LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 126 contracts
Samples: Limited Liability Company Agreement (Nextier Oilfield Solutions Inc.), Limited Liability Company Agreement (Nextier Oilfield Solutions Inc.), Limited Liability Company Agreement (Pioneer Energy Services LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its membership interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 110 contracts
Samples: Limited Liability Company Agreement (Chicagoland Television News, LLC), Limited Liability Company Agreement (Chicagoland Television News, LLC), Limited Liability Company Agreement (Chicagoland Television News, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 46 contracts
Samples: Limited Liability Company Agreement (SG Commercial Mortgage Securities, LLC), Limited Liability Company Agreement (SG Commercial Mortgage Securities, LLC), Limited Liability Company Agreement (SG Commercial Mortgage Securities, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 38 contracts
Samples: Limited Liability Company Agreement (Santander Drive Auto Receivables LLC), Limited Liability Company Agreement (Santander Drive Auto Receivables LLC), Limited Liability Company Agreement (Santander Drive Auto Receivables LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 38 contracts
Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Transaction Document.
Appears in 35 contracts
Samples: Limited Liability Company Agreement (Porsche Auto Funding LLC), Limited Liability Company Agreement (Fifth Third Holdings Funding, LLC), Limited Liability Company Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 34 contracts
Samples: Limited Liability Company Operating Agreement (Kollmorgen Corp), Limited Liability Company Operating Agreement (HII Technical Solutions Corp), Limited Liability Company Agreement (Safeway Stores 42, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 34 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any other provision to the contrary contained in of this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest limited liability company interests in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 32 contracts
Samples: Limited Liability Company Agreement (CSE Ripon LLC), Limited Liability Company Agreement (CSE Ripon LLC), Limited Liability Company Agreement (Hot Springs Cottages Owner, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 29 contracts
Samples: Lease Agreement, Limited Liability Company Agreement (Ryerson International Material Management Services, Inc.), Limited Liability Company Agreement (Pinnacle Towers III LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Manager or the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 28 contracts
Samples: Limited Liability Company Agreement (Sprint Capital Corp), Limited Liability Company Agreement (Sprint Capital Corp), Limited Liability Company Agreement (Sprint Capital Corp)
Distributions. Distributions in any form, including cash or other assets, shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard of Managers. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act Code or any other applicable law.
Appears in 25 contracts
Samples: Limited Liability Company Agreement (TCEH Finance, Inc.), Limited Liability Company Agreement (TCEH Finance, Inc.), Limited Liability Company Agreement (TCEH Finance, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 any provision of the Act or other applicable law.
Appears in 24 contracts
Samples: Operating Agreement (Bellingham II Associates, L.L.C.), Operating Agreement (Bellingham II Associates, L.L.C.), Operating Agreement (Bellingham II Associates, L.L.C.)
Distributions. Distributions shall be made to the Member at the such times and in such amounts as may be determined in the aggregate amounts determined by sole discretion of the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 22 contracts
Samples: Limited Liability Company Agreement (King LLC Merger Sub, LLC), Limited Liability Company Agreement (Gulfmark Offshore Inc), Limited Liability Company Agreement (United Rentals North America Inc)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 or 18-804 of the Act or other applicable law.
Appears in 22 contracts
Samples: Limited Liability Company Agreement (QualityTech, LP), Limited Liability Company Agreement (QualityTech, LP), Limited Liability Company Agreement (QualityTech, LP)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable lawAct.
Appears in 22 contracts
Samples: Limited Liability Company Operating Agreement (Dynegy Power, LLC), Limited Liability Company Operating Agreement (Dynegy Power, LLC), Original LLC Agreement (Dynegy Power, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any other provision to the contrary contained in of this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest limited liability company interests in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 21 contracts
Samples: Operating Agreement (CSE Ripon LLC), Operating Agreement (CSE Ripon LLC), Operating Agreement (CSE Ripon LLC)
Distributions. Distributions in any form, including cash or other assets, shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard of Managers. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 21 contracts
Samples: Limited Liability Company Agreement (TCEH Finance, Inc.), Limited Liability Company Agreement (TCEH Finance, Inc.), Limited Liability Company Agreement (TCEH Finance, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberManager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 16 contracts
Samples: Limited Liability Company Agreement (Barrington Quincy LLC), Limited Liability Company Agreement (Barrington Quincy LLC), Limited Liability Company Agreement (Barrington Quincy LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 15 contracts
Samples: Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-1), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-1), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-2)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 15 contracts
Samples: Limited Liability Company Operating Agreement (Dynegy Power, LLC), Limited Liability Company Agreement (Barcom China Holdings, LLC), Limited Liability Company Operating Agreement (Barcom China Holdings, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 14 contracts
Samples: Limited Liability Company Agreement (University Club, Inc. (FL)), Limited Liability Company Agreement (University Club, Inc. (FL)), Limited Liability Company Agreement (University Club, Inc. (FL))
Distributions. Distributions shall be made to the Member at the such times and in such amounts as may be determined in the aggregate amounts determined by sole discretion of the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest Units in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Affinity Guest Services, LLC), Limited Liability Company Agreement (Affinity Guest Services, LLC), Limited Liability Company Agreement (Affinity Guest Services, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (WF Card Funding LLC), Limited Liability Company Agreement (WF Card Issuance Trust), Pooling and Servicing Agreement (BA Credit Card Trust)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or the Basic Documents.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.), Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.), Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberManager. Notwithstanding any other provision of this Agreement to the contrary contained in this Agreementcontrary, the Company Company, and the Manager on behalf of the Company, shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 101.206 of the Act TBOC or any other applicable law.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (Matador Resources Co), Company Agreement (Matador Resources Co), Limited Liability Company Agreement (MRC Energy Co)
Distributions. Distributions shall may be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Transaction Document.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Limited Liability Company Agreement (Bridgecrest Auto Funding LLC), Limited Liability Company Agreement (Capital One Auto Receivables LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberCompany Directors. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC), Limited Liability Company Agreement (Usaa Acceptance LLC)
Distributions. Distributions shall be made to the Member Members at the times and in the aggregate amounts as may be determined by the MemberMembers, provided that, with respect to any fiscal year, the Company shall distribute, if available, to the Members an amount of cash reasonably estimated to be sufficient to enable the Members to pay taxes on their distributive share of Company income for such fiscal year. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (Currencyshares Chinese Renminbi Trust), Limited Liability Company Agreement (Currencyshares Japanese Yen Trust), Limited Liability Company Agreement (Currencyshares Australian Dollar Trust)
Distributions. Distributions shall be made to the Economic Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Economic Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Transaction Document.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (CNH Capital Receivables LLC), Limited Liability Company Agreement (CNH Capital Receivables LLC), Limited Liability Company Agreement (CNH Capital Receivables LLC)
Distributions. Distributions shall be made to the Member at the such times and in such amounts as the aggregate amounts determined by Member shall determine. Distributions shall be shared among the MemberMember(s) in accordance with their Percentage Interests. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member Members on account of its their interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (PERRIGO Co PLC), Limited Liability Company Agreement (PERRIGO Co PLC), Limited Liability Company Agreement (PERRIGO Co PLC)
Distributions. Distributions shall be made to the Member Members at the times and in the aggregate amounts determined by the MemberMembers. Notwithstanding any provision of this Agreement to the contrary contained in this Agreementcontrary, the Company shall not make a distribution to the a Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (DT Management LLC), Operating Agreement (DT Management LLC), Limited Liability Company Agreement (Hilton Grand Vacations Management, LLC)
Distributions. Distributions shall be made to the Member Members at the times and in the aggregate amounts determined by the Members proportion to the percentage of membership interest held by each Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Distributions. Distributions shall may be made to the Member at the times and in the aggregate amounts determined by the MemberBoard of Directors. Notwithstanding any provision anything to the contrary contained in this Agreementherein, the Company Company, and the Member on behalf of the Company, shall not make a distribution to the Member on account of its the interest in of the Company Member if such distribution would violate Section § 18-607 of the Act or any other applicable law.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Frontier Communications Corp), Limited Liability Company Agreement (Frontier Communications Corp), Limited Liability Company Agreement (Frontier Communications Corp)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Transaction Document.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Hyundai Abs Funding LLC), Limited Liability Company Agreement (Hyundai Abs Funding LLC), Limited Liability Company Agreement (Bank of America Auto Receivables Securitization, LLC)
Distributions. Distributions shall be made to the Economic Member at the times and in the aggregate amounts determined by the Economic Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Economic Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Tru 2005 Re I, LLC), Limited Liability Company Agreement (Tru 2005 Re I, LLC), Limited Liability Company Agreement (Tru 2005 Re I, LLC)
Distributions. Distributions shall be made made, from time to time, to the Member Members at the times and in the aggregate amounts determined by the MemberBoard of Managers or the Operating Committee and may be made pursuant to a standing resolution of the Board of Managers or the Operating Committee. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member Members on account of its interest their interests in the Company if such distribution would violate the Act (including Section 18-607 of the Act Act) or any other applicable law.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (LiveWatch Security, LLC), Limited Liability Company Agreement (Platinum Security Solutions, Inc.), Limited Liability Company Agreement (Platinum Security Solutions, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other any applicable law.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (University Club, Inc. (FL)), Limited Liability Company Agreement (University Club, Inc. (FL)), Limited Liability Company Agreement (University Club, Inc. (FL))
Distributions. Distributions in any form, including cash or other assets, shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard of Managers. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Energy Future Intermediate Holding CO LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Sally Investment Holdings LLC), Limited Liability Company Agreement (Venetian Blends, Inc.), Limited Liability Company Agreement (Venetian Blends, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 17254 of the Act or other applicable law.
Appears in 6 contracts
Samples: Operating Agreement of Linear LLC (Barcom China Holdings, LLC), Operating Agreement (Aigis Mechtronics, Inc.), Operating Agreement (Aigis Mechtronics, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 6 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (M&i Capital E LLC), Limited Liability Company Agreement (M&i Capital Trust C)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be permitted or required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 6 contracts
Samples: Master Collateral Agency Agreement (Hertz Corp), Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc)
Distributions. Distributions shall may be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Huntington Auto Trust 2015-1), Limited Liability Company Agreement (Huntington Funding, LLC), Limited Liability Company Agreement (Huntington Funding, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law. 14.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Pepco Holdings Inc), Limited Liability Company Agreement (Pepco Holdings Inc), Limited Liability Agreement (Pepco Holdings Inc)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any member of the Member Company on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Deutsche Bank Aktiengesellschaft), Limited Liability Company Agreement (Deutsche Bank Capital Funding Trust VIII), Limited Liability Company Agreement (Deutsche Bank Capital Funding LLC X)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 (or any successor provision) of the Act or any other applicable lawlaw or any Program Document.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Prosper Funding LLC), Limited Liability Company Agreement (Prosper Marketplace Inc), Limited Liability Company Agreement (Prosper Funding LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberManager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Tempur Retail Stores, LLC), Limited Liability Company Agreement (Sealy US Sales, LLC), Limited Liability Company Agreement (Sealy US Sales, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 5 contracts
Samples: Limited Liability Comp Any Agreement (Public Service Electric & Gas Co), Limited Liability Company Agreement (Pseg Fossil LLC), Limited Liability Company Agreement (Pseg Fossil LLC)
Distributions. Distributions shall may be made to the Member Members at the times and in the aggregate amounts determined by the MemberMembers or the Board. Notwithstanding any provision anything to the contrary contained in this Agreementherein, the Company shall not make a distribution to the any Member on account of its the interest of such Member in the Company if such distribution would violate Section § 18-607 of the Act or any other applicable law.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (RenPac Holdings Inc.), Limited Liability Company Agreement (RenPac Holdings Inc.), Limited Liability Company Agreement (RenPac Holdings Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (FNP Holdings, LLC), Limited Liability Company Agreement (FNP Holdings, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest interests in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Triton Coal Company, L.L.C.), Limited Liability Company Agreement (Triton Coal Company, L.L.C.), Limited Liability Company Agreement (Arch of Wyoming LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw -------------- or any Basic Document.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Bond Securitization LLC), Limited Liability (Amsouth Auto Receivables LLC), M&i Dealer Auto Securitization LLC
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.. ARTICLE SIX
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Limited Liability Company Agreement (California Republic Funding LLC), Limited Liability Company Agreement (Daimler Trust)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member any member on account of its such member’s interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc), Limited Liability Company Agreement (Great Lakes Dredge & Dock CORP), Limited Liability Company Agreement (Great Lakes Dredge & Dock CORP)
Distributions. Distributions shall be made to each Member in accordance with its respective percentage interest in the Member Company at the times and in the aggregate amounts as determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member Members on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any agreement of the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Allegheny Energy Supply Co LLC)
Distributions. Distributions shall be made to the Member at the such times and in such amounts as may be determined in the aggregate amounts determined by sole discretion of the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (LIN Media LLC), Operating Agreement (EnergySolutions, Inc.), Operating Agreement (Craig Protein Division, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision provisions to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law. Distributions may be made in cash or in-kind. The Member may reserve amounts for anticipated expenses or contingent liabilities of the Company.
Appears in 3 contracts
Samples: Limited Liability Company (Westlake PVC Corp), Limited Liability Company Agreement (Nationstar Sub2 LLC), Limited Liability (Northern Tier Retail LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 18.607 of the Act or any other applicable lawlaw or the Trust Agreements.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (SLM Education Credit Funding LLC), Limited Liability Company Operating Agreement (SLM Funding LLC), Limited Liability Company Operating Agreement (SLM Funding LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision in this Agreement to the contrary contained in this Agreementcontrary, neither the Company shall not nor the Member on behalf of the Company may make a distribution to the Member on account of its such Member’s interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable lawAct.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (CEDC Finance Corp LLC), Limited Liability Company Operating Agreement (Nicor Inc), Limited Liability Company Agreement (Marvel Entertainment, Inc.)
Distributions. Distributions shall be made to the Member at the ------------- times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Sce Funding LLC), Limited Liability Company Agreement (Pg&e Funding LLC), Limited Liability Company Agreement (Sdg&e Funding LLC a De Limited Liability Co)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or the Basic Documents.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Real Estate Corp)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or, until the Loan is paid in full, any provision of the Loan Documents.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be permitted or required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Related Document.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Zipcar Inc), Limited Liability (Zipcar Inc)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Board of Directors; provided that the Company shall distribute amounts received in respect of the Closing Date Working Capital Adjustment to the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Polymer Holdings Capital CORP), Limited Liability Company Agreement (Kraton Polymers LLC)
Distributions. Distributions shall be made to the Member at the such times and in such amounts as may be determined in the aggregate amounts determined by sole discretion of the Member, subject to any restrictions of any credit agreement or other financing document to which the Company is a party at such time. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Engility Holdings, Inc.), Limited Liability Company Agreement (Engility Holdings, Inc.), Limited Liability Company Agreement (Engility Holdings, Inc.)
Distributions. Distributions The Company shall make such distributions of money and other property to the Members at such times and in such amounts as determined from time to time by the managers; provided, however, that no distribution shall be made in violation of the Act. The Members shall not be required to return all or part of any distributions made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable lawCompany.
Appears in 3 contracts
Samples: Operating Agreement (Worldwide Auto Parts, Inc.), Operating Agreement (Worldwide Auto Parts, Inc.), Operating Agreement (Worldwide Auto Parts, Inc.)
Distributions. Distributions shall be made to the Member at the such times and in such amounts as may be determined in the aggregate amounts determined by sole discretion of the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Directv Merchandising Inc), Limited Liability Company Agreement (Directv Customer Services Inc), Limited Liability Company Agreement (Directv Customer Services Inc)
Distributions. Distributions shall be made to the Member Members in accordance with their Percentage Interests at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member Members on account of its their interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Nuwave Solutions, L.L.C.), Limited Liability Company Agreement (Nuwave Solutions, L.L.C.), Operating Agreement (Nuwave Solutions, L.L.C.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to a member of the Member Company on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Credit Suisse Group), Limited Liability Company Agreement (Credit Suisse Group), Limited Liability Company Agreement (Credit Suisse Group)
Distributions. Distributions shall be made to the Member Members at the times time and in the aggregate amounts determined by the MemberBoard of Directors. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the a Member on account of its interest in the Company if such distribution would violate Section Sections 18-607 or 18-804 of the Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Niguel Energy Co), Limited Liability Company Agreement (Niguel Energy Co), Limited Liability Company Agreement (Niguel Energy Co)
Distributions. Distributions shall be made to the Member Members at the times and in the aggregate amounts determined by the Membermutual agreement of the Members and such distributions shall be made to the Members solely in proportion to their Economic Allocations. Notwithstanding any Any other provision of this Agreement to the contrary contained in this Agreementnotwithstanding, no distribution shall be made which would render the Company shall not make a distribution to insolvent or which is prohibited by the terms of any Company or Member on account of its interest in indebtedness or by the Company if such distribution would violate Section 18-607 of the Act or other applicable lawAct.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Republic Engineered Steels Inc), Limited Liability Company Agreement (Republic Engineered Steels Inc), Limited Liability Company Agreement (Bar Technologies Inc)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any agreement of the Company.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Allegheny Energy Inc), Limited Liability Company Agreement (Allegheny Energy Inc)
Distributions. Distributions shall be made made, from time to time, to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 3 contracts
Samples: Operating Agreement, Single Member Limited Liability Company Operating Agreement, Operating Agreement
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the LLC Act or any other applicable lawlaw or any Transaction Document.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (John Deere Receivables LLC), Limited Liability Company Agreement (John Deere Receivables LLC), Carvana Receivables Depositor LLC
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest Membership Interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable lawAct.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Polygon at Sunset Ridge, L.L.C.), Operating Agreement (Polygon at Sunset Ridge, L.L.C.), Limited Liability Company Agreement (Polygon at Sunset Ridge, L.L.C.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the LLC Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Pearl Diver Credit Company, LLC), Limited Liability Company Agreement (Panagram Capital, LLC), Limited Liability Company Agreement (Panagram Capital, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or the Trust Agreements.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (SLM Education Credit Funding LLC), Limited Liability Company Operating Agreement (SLM Education Credit Funding LLC), Limited Liability Company Operating Agreement (SLM Education Credit Funding LLC)
Distributions. Distributions shall may be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision anything to the contrary contained in this Agreementherein, the Company Company, and the Member on behalf of the Company, shall not make a distribution to the Member on account of its the interest of the Member in the Company if such distribution would violate Section § 18-607 of the Act or any other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (LBM Holdings, LLC), Limited Liability Company Agreement (VWR, Inc.), Limited Liability Company Agreement (VWR, Inc.)
Distributions. Distributions shall be made to the Member at the such times and in such amounts as may be determined in the aggregate amounts determined by sole discretion of the MemberBoard of Managers. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (STR Holdings (New) LLC), Limited Liability Company Agreement (STR Holdings (New) LLC)
Distributions. Distributions shall be made to the Member Members at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member Members on account of its their interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Transaction Document.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Stanwich Asset Acceptance CO LLC), Limited Liability Company Agreement (Taconic Asset Acceptance Company, L.L.C.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberManager. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be permitted to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CDM Environmental & Technical Services LLC), Limited Liability Company Agreement (CDM Environmental & Technical Services LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable lawAct.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (University Club, Inc. (FL)), Limited Liability Company Operating Agreement (Dynegy Holdings, LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Kw 2012 C, LLC), Limited Liability Company Agreement (Stratos Funding, LP)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any other provision to the contrary contained in of this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest limited liability company interests in the Company if such distribution would violate Section 18-607 of the Act Code or any other applicable law.
Appears in 2 contracts
Samples: Operating Agreement (Hot Springs Cottages Owner, LLC), Operating Agreement (OHI Asset (CT) Lender, LLC)
Distributions. Distributions shall be made to the Member at the times such time and in the aggregate such amounts as determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such a distribution would violate Section 18-607 of the Act or other applicable law. Except as otherwise required by applicable law, no Member shall be required to restore to the Company any funds properly distributed to it pursuant to this Section 3.3.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Distributions. Distributions shall be made to the Member Members at the such times and in the aggregate amounts as determined by the MemberManaging Member in its sole discretion. Each distribution (including distributions made in connection with the dissolution of the Company) shall be shared among the Members in accordance with their Percentage Interests. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the a Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company (Jernberg Industries, LLC)
Distributions. Distributions shall may be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision anything to the contrary contained in this Agreementherein, the Company Company, and the Member on behalf of the Company, shall not make a distribution to the Member on account of its the interest of the Member in the Company if such distribution would violate Section §18-607 of the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Alliance Laundry Systems LLC), Limited Liability Company Agreement (Alliance Laundry Systems LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (New Holland Tractor LTD N.V.), Limited Liability Company Agreement (New Holland Tractor LTD N.V.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable lawAct.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Oswego Harbor Power LLC), Limited Liability Company Agreement (Louisiana Generating LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a be required to make, and the Board shall not be required to approve, any distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 2 contracts
Samples: Connection and Access Agreement (Energy XXI LTD), Connection and Access Agreement (CorEnergy Infrastructure Trust, Inc.)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the MemberBoard. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or Act, any other applicable lawlaw or any Basic Document.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Carmax Auto Funding LLC), Limited Liability Company Agreement (Bear Stearns Asset Backed Securities I LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member any member on account of its such member’s interest in the Company if such distribution would violate Section 18-607 18607 of the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Great Lakes Dredge & Dock Environmental, Inc), Limited Liability Company Agreement (Great Lakes Dredge & Dock CORP)
Distributions. Distributions shall be made to the Member Members at the times and in the aggregate amounts determined by the MemberManager. Such distributions shall be made among the Members in accordance with their respective Percentage Interests. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC), Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC)
Distributions. Distributions shall may be made to the Member at the times and in the aggregate amounts determined by the MemberBoard (or any applicable Committee (including, without limitation, Transaction Committee I, Transaction Committee II and Transaction Committee III)). Notwithstanding any provision anything to the contrary contained in this Agreementherein, the Company Company, and the Board (or any Committee) on behalf of the Company, shall not make a distribution to the Member on account of its the interest of the Member in the Company if such distribution would violate Section § 18-607 of the Act or any other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Servicemaster Co, LLC), Limited Liability Company Agreement
Distributions. Distributions The Company shall make such distributions of money and other property to the Member at such times and in such amounts as determined from time to time by the Member; provided, however, that no distribution shall be made in violation of the Act. The Member shall not be required to return all or part of any distributions made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable lawCompany.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Valor Telecommunications Southwest LLC), Limited Liability Company Agreement (Valor Telecommunications Southwest LLC)
Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any other provision to the contrary contained in of this Agreement, the Company shall not be required to make a distribution to the Member on account of its interest limited liability company interests in the Company if such distribution would violate Section 18-607 of the We Act or any other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (OHI Asset (CT) Lender, LLC), Limited Liability Company Agreement (Omega TRS I, Inc.)
Distributions. Distributions shall be made to the Member Members at the times and in the aggregate amounts determined by the Managing Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the a Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawlaw or any Basic Document.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Safeway Stores 42, Inc.)
