Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company, and the Board on behalf of the Company, shall not make a distribution to any Interest Holder on account of its interest in the Company if such distribution would violate Section 18-607 or Section 18-804 of the Act or other applicable Law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Entergy Arkansas Inc), Limited Liability Company Agreement (Entergy Gulf States Louisiana, LLC), Limited Liability Company Agreement (Entergy Texas, Inc.)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company, and the Board on behalf of the Company, Company shall not make a distribution to any Interest Holder Member on account of its interest in the Company Ownership Interests if such distribution would violate Section 18-607 or Section 18-804 of the Act or other applicable Law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Calamos Asset Management, Inc. /DE/), Limited Liability Company Agreement (Calamos Asset Management, Inc. /DE/), Limited Liability Company Agreement (Calamos Asset Management, Inc. /DE/)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company, and the Board on behalf of the Company, Company shall not make a distribution Distribution to any Interest Holder Member on account of its interest Interests in the Company if such distribution Distribution would violate Section 18-607 or Section 18-804 of the Act or other applicable Lawlaw or cause a negative Capital Account or if such Distribution would deplete the Company’s cash reserves below levels deemed reasonable by the Board of Managers.
Appears in 1 contract
