Limitation on Distribution. No distribution shall be declared and paid unless, after the distribution is made, the assets of the Company are in excess of all liabilities of the Company (as determined in accordance with generally accepted accounting principles applied on a consistent basis), except liabilities to Members on account of their Capital Contributions.
Limitation on Distribution. Notwithstanding any other provisions in this Agreement, Publisher shall not, directly or indirectly, solicit orders from or sell any Units of the Licensed Products to any person or entity outside of the Licensed Territory. In addition, Publisher shall not directly or indirectly solicit orders for or sell any Units of the Licensed Products in any situation where Publisher knows or reasonably should know that such Licensed Products may be exported or resold outside of the Licensed Territory.
Limitation on Distribution. Notwithstanding any other provision of this Plan, but subject to Article 14, if a Participant's employment terminates and his vested interest under the Plan exceeds $3,500 as calculated under section 41l (a) (11) of the Code (or such other amount prescribed by applicable law), such vested interest shall not be "immediately distributed" (within the meaning of section 411 (a) (11) of the Code) without his written consent, except as otherwise permitted by law.
Limitation on Distribution. A. This Company may not make a distribution to its Members to the extent that, immediately after giving effect to the distribution, all liabilities of this Company, other than liabilities to Members with respect to their interests and liabilities for which the recourse of creditors is limited to specified property of this Company, exceed the fair value of this Company's assets, except that the fair value of property that is subject to a liability for which recourse of creditors is limited shall be included in this Company's assets only to the extent that the fair value of that property exceeds that liability.
Limitation on Distribution. No Distribution from the account shall be used to pay for the support of a Beneficiary as the term support is defined under Federal or State benefit programs, including but not limited to, Social Security, Medicaid, etc. In particular, no distributions shall be used to provide for food, shelter or items, which are, considered support under Federal or State benefit programs. No distributions prior to or during the provision of services to a Beneficiary under the Trust or at its termination shall be made to a Beneficiary under the Trust.
Limitation on Distribution. No distribution may be made if, after giving effect to the distribution:
Limitation on Distribution. Distribute to any Person or Persons other than Borrower in any fiscal year in the aggregate more than fifty percent (50%) of Consolidated Earnings for such fiscal year.
Limitation on Distribution. Licensee may sell licensed goods only in either or both the apparel department and sporting goods department of Kmart Corporation stores and only in the Unites States. Licensee shall grant no sublicense regarding the MacGregor trademark, provided that Licensee shall be allowed to purchase and market products licensed hereunder through its wholly-owned subsidiary, Kmart Apparel Corp."
Limitation on Distribution. Notwithstanding anything to the contrary contained herein, no distribution may be made if, after giving effect to the distribution, all liabilities of the Company, other than liabilities to the sole Member on account of its Membership Interest and liabilities for which the recourse of creditors is limited to specific property, exceed the fair value of the assets of the Company, except that the fair value of property that is subject to a liability for which the recourse of creditors is limited shall be included in the assets of the Company only to the extent that the fair value of that property exceeds that liability. Such determination may be made in accordance with Section 18-607 of the Act. Nothing in this Section 7.3 shall prohibit the Company from paying any fee, expense, reimbursement or indemnity payment otherwise due the sole Member.
Limitation on Distribution. Any other provision of this Agreement to contrary notwithstanding, no distribution to the Sole Member will be declared and paid unless, (a) after the distribution is made, the Fair Market Value of all of the assets of the Company is in excess of all liabilities of the Company, other than liabilities to the Sole Member on account of its Capital Contributions; and (b) such distribution is in conformity with any outstanding loan agreements of the Company
