Common use of Restrictions on Distributions Clause in Contracts

Restrictions on Distributions. The foregoing provisions of this Article VI to the contrary notwithstanding, no distribution shall be made if such distribution would violate any contract or agreement to which the Company is then a party or any Law or directive of any Governmental Authority then applicable to the Company.

Appears in 16 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Interest Sale and Assignment Agreement, Company Interest Sale and Assignment Agreement

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Restrictions on Distributions. The foregoing provisions of this Article VI to the contrary notwithstanding, no distribution shall be made if if, and for so long as, such distribution would violate any contract or agreement to which the Company is then a party or any Law law, rule, regulation, order or directive of any Governmental Authority then applicable to the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (JGWPT Holdings Inc.), Limited Liability Company Agreement (JGWPT Holdings Inc.), Limited Liability Company Agreement (JLL JGW Distribution, LLC)

Restrictions on Distributions. The foregoing provisions of this Article VI to the contrary notwithstanding, no distribution Distribution shall be made if if, and for so long as, such distribution Distribution would violate any contract or agreement to which the Company is then a party or any Law law, rule, regulation, order or directive of any Governmental Authority then applicable to the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Springleaf Holdings, Inc.), Limited Liability Company Agreement (Springleaf Holdings, LLC)

Restrictions on Distributions. The foregoing provisions of this Article VI XI to the contrary notwithstanding, no distribution shall may be made if such distribution would violate any contract or agreement to which the Company is then a party party, the Act or any other Law or directive of any Governmental Authority then applicable to the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Woodward, Inc.), Contribution Agreement (Woodward, Inc.)

Restrictions on Distributions. The foregoing provisions of this Article ARTICLE VI to the contrary notwithstanding, no distribution Distribution shall be made if if, and for so long as, and to the extent that, such distribution Distribution would violate any contract or agreement to which the Company is then a party or any Law or directive of any Governmental Authority then applicable to the CompanyCompany or to the extent that such Distribution, as a whole, and not with respect to any particular component of such Distribution or with respect to any particular Person to receive such Distribution, would violate any contractual covenant or agreement between the Company or any Company Subsidiary and any third-party lender or other bona fide third party source of financing.

Appears in 1 contract

Samples: Limited Liability Company Agreement (EngageSmart, LLC)

Restrictions on Distributions. The foregoing provisions of this Article VI to the contrary notwithstanding, no distribution shall be made if if, and for so long as, such distribution would violate any contract or agreement to which the Company is then a party or any Law law, rule, regulation, order or directive of any Governmental Authority then applicable to the CompanyCompany or any contractual covenant or agreement between the Company or any Company Subsidiary and any third party.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hiro Systems PBC)

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Restrictions on Distributions. The foregoing provisions of this Article VI VII to the contrary notwithstanding, no distribution Distribution under this Article VIl shall be made if if, and for so long as, such distribution Distribution would violate any contract or agreement to which the Company is then a party or any Law law (including, without limitation, (S)18-607 of the Act), rule, regulation, order or directive of any Governmental Authority governmental authority then applicable to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Armkel LLC)

Restrictions on Distributions. The foregoing provisions of this Article VI VII to the contrary notwithstanding, no distribution shall be made if such distribution would violate any contract or agreement to which the Operating Company is then a party or any Law or directive of any Governmental Authority then applicable to the CompanyApplicable Law.

Appears in 1 contract

Samples: Operating Agreement (Broadstone Net Lease, Inc.)

Restrictions on Distributions. The foregoing provisions of this Article VI V to the contrary notwithstanding, no distribution (including any Tax Distribution) shall be made if if, and for so long as, such distribution would violate any contract or agreement to which the Company is then a party or any Law law, rule, regulation, order or directive of any Governmental Authority governmental authority then applicable to the Company.

Appears in 1 contract

Samples: Operating Agreement (Comstock Holding Companies, Inc.)

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