Common use of Limitation on Distributions Clause in Contracts

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member if such distribution would violate Section 18-607 of the Act or other applicable law.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Ares Management Lp), Limited Liability Company Agreement (Ares Management Lp), Limited Liability Company Agreement (Ares Management Lp)

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Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of such Member's interest in the Member Company if such distribution would (i) violate Section 18-607 of the Act or other applicable lawlaw or (ii) breach, or with the passage of time or the giving of notice result in a breach of, any contractual covenants of the Company or its Subsidiaries (provided that the Company shall negotiate such covenants in good faith to permit distributions under Section 6.9.1).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Charter Communications Inc /Mo/), Limited Liability Company Agreement (Charter Communications Inc /Mo/), Charter Communications Inc /Mo/

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member 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 (Carlyle Group L.P.), Limited Liability Company Agreement (Carlyle Group L.P.), Limited Liability Company Agreement (Carlyle Group L.P.)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Member Company if such distribution would violate Section 18-607 of the Act or Act, any other applicable law.law or the Acquisition Loan Agreement. Back to Table of Contents

Appears in 2 contracts

Samples: Limited Liability Company Agreement (American Retirement Corp), Limited Liability Company Agreement (American Retirement Corp)

Limitation on Distributions. Notwithstanding any provision provisions herein to the contrary contained in this Agreementcontrary, the Company shall not make a distribution to the any Member if such distribution would violate Section 18-607 of the Act or other applicable lawAct.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Blue Sphere Corp.), Limited Liability Company Agreement (Blue Sphere Corp.)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of such Member’s interest in the Member Company if such distribution would (i) violate Section 18-607 of the Act or other applicable lawlaw or (ii) breach, or with the passage of time or the giving of notice result in a breach of, any contractual covenants of the Company or its subsidiaries (provided that the Company shall negotiate such covenants in good faith to permit distributions under Section 6.8).

Appears in 1 contract

Samples: Project Management Agreement (Pinnacle Entertainment Inc)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member any Distribution if such distribution Distribution would violate Section 18-607 607(a) or 18-804(a) of the Act or other applicable lawLaw or if such Distribution would violate any agreement or contract between the Company and a third party, but shall instead make such Distribution as soon as practicable after such time as the making of such Distribution would not cause such violation.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a any distribution to the Member Members if such distribution would violate Section 18-607 of the Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Viroment Capital, LLC)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not knowingly make a any distribution to the Member if such distribution that would violate Section 18-607 of the Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Jernigan Capital, Inc.)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its interest in the Member Company if such distribution would violate Section 18-607 of the Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allegheny Energy Inc)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of such Member's interest in the Member Company if such distribution would violate Section 18-607 of the Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Seven Arts Pictures PLC)

Limitation on Distributions. Notwithstanding any other provision to the contrary contained in of this Agreement, no distribution shall be made to a Member on account of its interest in the Company shall not make a distribution to the Member if such distribution would violate Section 18-607 of the Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Capital Pacific Holdings Inc)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to a Member to the Member if extent that such distribution would violate is not permitted under the terms of Section 18-607 101.206 of the Act or other applicable lawAct.

Appears in 1 contract

Samples: Company Agreement (Black Elk Energy Offshore Operations, LLC)

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Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the any Member if such distribution would violate Section 18-607 of the Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ambase Corp)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to a Member on account of its interest in the Member Company if such distribution would violate Section Sections 18-607 or 18-804 of the Act or any other applicable law.

Appears in 1 contract

Samples: Contribution Agreement (Maguire Properties Inc)

Limitation on Distributions. 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 Units if such distribution would violate Section 18-607 of the Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ambase Corp)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Member Company if such distribution would violate Section 18-607 of the Act or any other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Retirement Corp)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a any distribution to the Member Members if (i) such distribution would violate Section 18-607 of the Act or other applicable lawlaw or (ii) a Majority in Interest of the outstanding Units vetos a distribution proposed by the Manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of such Member’s interest in the Member Company if such distribution would (i) violate Section 18-607 of the Act or other applicable lawlaw or (ii) breach, or with the passage of time or the giving of notice result in a breach of, any contractual covenants of the Company or its Subsidiaries (provided that the Company shall negotiate such covenants in good faith to permit distributions under Section 6.9).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Charter Communications Inc /Mo/)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member Members on account of their Interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable lawfederal or state Law.

Appears in 1 contract

Samples: Operating Agreement (Global Partner Acquisition Corp.)

Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of such Member's interest in the Member Company if such distribution would (i) violate Section 18-607 of the Act or other applicable lawlaw or (ii) breach, or with the passage of time or the giving of notice result in a breach of, any contractual covenants of the Company or its Subsidiaries (provided that the Company shall negotiate such covenants in good faith to permit distributions under Section 6.9).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Charter Communications Inc /Mo/)

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