Common use of Limitation Upon Distributions Clause in Contracts

Limitation Upon Distributions. No distribution shall be declared and paid if payment of such distribution would cause the Company to violate any limitation on distributions provided in the Act.

Limitation Upon Distributions. No distribution Distribution shall be declared and paid if payment of such distribution Distribution would cause the Company to violate any limitation on distributions provided in the Act.

Limitation Upon Distributions. No distribution Distribution shall be declared and paid if payment of such distribution Distribution would cause the Company to violate any limitation on distributions provided in the ActAct or provided in any agreement entered into by the Company for the express purpose of obtaining financing for Company operations.

Limitation Upon Distributions. No distribution Distribution shall be declared and paid if payment of such distribution Distribution would cause the Company to violate any limitation on distributions provided in the ActAct or other applicable law or result in a default or event of default under any agreement or instrument governing the terms of indebtedness for borrowed money to which the Company is a party at the time of the proposed distribution.

Limitation Upon Distributions. No distribution shall be declared and paid if payment of such distribution would cause the Company to violate any limitation on distributions provided in the ActAct or would cause the Company to be unable to pay its debts as they became due.

Limitation Upon Distributions. No distribution shall be declared and paid if payment of such distribution would cause the Company to violate any limitation on distributions provided in the ActAct [OPTIONAL PROVISION: , by any other applicable law, ] or under any loan agreements, other financing documents, or other contracts or agreements to which the Company or its property may be subject.