Prohibited Distributions. Notwithstanding anything to the contrary in this Agreement, no distribution shall be made to any Member if, and to the extent that, such distribution would not be permitted under the Act or other applicable law.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Federated National Holding Co), Limited Liability Company Agreement (Intrexon Corp)
Prohibited Distributions. Notwithstanding anything any provision of this Agreement to the contrary in this Agreementcontrary, no distribution the Members shall be made to not make any Member if, and to distributions prohibited by the extent that, such distribution would not be permitted under terms of the Act or other applicable lawAct.
Appears in 1 contract
Sources: Operating Agreement (Cb Richard Ellis Corporate Facilities Management Inc)