Limitations on Distribution. 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 Company if such distribution would violate Section 18-607 of the Delaware Act.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (HBL LLC), Limited Liability Company Agreement (United Auto Group Inc)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member Unit Holder on account of its interest in the Company if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable law.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)
Limitations on Distribution. 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 Company if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable law.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Centennial Cellular Operating Co LLC), Limited Liability Company Agreement (Aurora Foods Inc /Md/), Limited Liability Company Agreement (Aurora Foods Inc /Md/)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member Unit Holder on account of its interest in the Company if such distribution would violate Section Sections 18-607 or 18-804 of the Delaware ActAct or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Finance LLC), Limited Liability Company (Wells Fargo Finance LLC)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company Company, and the Board on behalf of the Company, shall not make a distribution to any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable Law.
Appears in 2 contracts
Samples: Operating Agreement (CGG Canada Services LTD), Limited Liability Company Operating Agreement (Coca Cola Bottling Co Consolidated /De/)
Limitations on Distribution. 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 Company Members if such distribution in the aggregate would violate Section 18-607 of the Delaware ActAct or other applicable law.
Appears in 1 contract
Limitations on Distribution. 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 Company with respect to such Member's Interest if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable law.
Appears in 1 contract
Samples: American Medical Providers Inc
Limitations on Distribution. 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 Company member with respect to such Member’s Interest if such distribution would violate Section §18-607 of the Delaware ActAct or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Frontier Communications Corp)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member holder of Membership Interests on account of its interest in the Company if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Medley Capital BDC LLC)
Limitations on Distribution. 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 Interest in the Company if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (DB Online, LLC)
Limitations on Distribution. 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 Company with respect to such Member’s Interest if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Gaming Capital Partnership)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company Company, and the Board on behalf of the Company, shall not make a distribution to any Member on account of its interest Interest in the Company if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable Law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MAAX Holding Co.)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member Holder on account of its interest in the Company if such distribution would violate Section 18-607 of the Delaware ActAct or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plymouth Opportunity REIT Inc.)
