Common use of Limitation Upon Distributions Clause in Contracts

Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, the fair value of the Company assets is in excess of all liabilities of the Company and no default has occurred and is continuing under the Indenture or any Series of Bonds then outstanding.

Limitation Upon Distributions. No distribution shall be declared and paid unless, unless after the distribution is made, the fair value Company is able to pay its debts as they become due in the usual course of business or the assets of the Company assets is are in excess of all liabilities of the Company and no default has occurred and is continuing under Company, except liabilities to the Indenture or any Series Member on account of Bonds then outstandinghis contributions.

Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, the fair value of the Company assets is in excess of all liabilities of the Company and no default has occurred and is continuing under the Indenture or any Series of Transition Bonds then outstanding.

Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, the then fair market value of the assets of the Company assets is are in excess of all liabilities of the Company and no default has occurred and is continuing under the Indenture or any Series Company, except liabilities to Members on account of Bonds then outstandingtheir contributions.

Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, the fair value of the Company assets is in excess of all liabilities of the Company and no default has occurred and is continuing under the Indenture or any Series of Storm-Recovery Bonds then outstanding.

Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, the fair value of the Company assets is in excess of all liabilities of the Company and no default has occurred and is continuing under or as otherwise permitted by the Indenture or any Series of Bonds then outstandingAct.

Limitation Upon Distributions. No distribution shall be declared and paid (a) unless, after the distribution is made, the fair value Fair Market Value of the Company Company’s assets is in excess of at least equal to all liabilities of the Company’s liabilities or (b) if the declaration or payment would cause the Company and no default has occurred and is continuing under the Indenture or any Series of Bonds then outstandingits Subsidiaries to breach any material agreement.

Limitation Upon Distributions. No distribution shall be declared and paid unlessif, after the distribution is made, made the sum of the fair market value of the Company Company's total assets is in excess would be less than the sum of all liabilities of the Company and no default has occurred and is continuing under the Indenture or any Series of Bonds then outstandingits total liabilities.

Limitation Upon Distributions. No distribution shall be declared and paid unless, after the distribution is made, the fair value of assets of the Company assets is in excess of all liabilities of the Company and no default has occurred and is continuing under the Indenture Company, except liabilities to Members or any Series Assignees on account of Bonds then outstandingtheir contributions.