Common use of Limitations on Distribution Clause in Contracts

Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution if such Distribution would violate Section 18-607 of the Delaware Act or other applicable law, but shall instead make such Distribution as soon as practicable after the making of such Distribution would not cause such violation.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Red Hat Inc), Limited Liability Company Agreement (Red Hat Inc), Limited Liability Company Agreement (Usa Networks Inc)

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Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution if such Distribution would violate Section 18-607 of the Delaware Act or other applicable law, but shall instead make such Distribution as soon as practicable after the making of such Distribution would not cause such violation.. 12

Appears in 1 contract

Samples: Limited Liability Company Agreement (At&t Corp)

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