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.
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Sources: Limited Liability Company Agreement (Exco Resources Inc), Limited Liability Company Agreement (Venus Exploration Inc)
Limitation on Distribution. No Notwithstanding the foregoing, 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)Company, except liabilities to Members on account of their Capital Contributions. It is not intended that cash be generated for distribution.
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