Recognition of Assignment by Company. To the fullest extent permitted by law, no assignment, or any part thereof, that is in violation of this Article XV shall be valid or effective, and neither the Company nor the Members shall recognize the same for the purpose of making distributions pursuant to Article IX hereof with respect to such Interest or part thereof. To the fullest extent permitted by law, neither the Company, the Members, the Directors nor the Officers shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.
Appears in 4 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.)
Recognition of Assignment by Company. To the fullest extent permitted by law, no No assignment, or any part thereof, that is in violation of this Article XV XII shall be valid or effective, and neither the Company nor the Members shall recognize the same for same. Neither the purpose of making distributions pursuant to Article IX hereof with respect to such Interest or part thereof. To the fullest extent permitted by law, neither the Company, the Members, the Directors Company nor the Officers Members shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MAAX Holding Co.)
