Common use of Restrictions on Distributions Clause in Contracts

Restrictions on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, shall not make a distribution to any Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or other applicable law.

Appears in 8 contracts

Samples: Pledge Agreement (NetSTREIT Corp.), Pledge Agreement (NetSTREIT Corp.), Limited Partnership Agreement (Angel Oak Mortgage, Inc.)

AutoNDA by SimpleDocs

Restrictions on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, shall not make a distribution to any Partner Partnership Unit Holder on account of its Partnership Units or other interest in the Partnership if to the extent that such distribution would violate Section 17-607 of the Act or other applicable law.

Appears in 3 contracts

Samples: Artisan Partners Asset Management Inc., Artisan Partners Asset Management Inc., Artisan Partners Asset Management Inc.

Restrictions on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, SC1:3479243.8 shall not make a distribution to any Partner Partnership Unit Holder on account of its Partnership Units or other interest in the Partnership if to the extent that such distribution would violate Section 17-607 of the Act or other applicable law.

Appears in 2 contracts

Samples: Artisan Partners Asset Management Inc., Artisan Partners Asset Management Inc.

AutoNDA by SimpleDocs

Restrictions on Distributions. Notwithstanding any provision Anything contained in this Agreement to the contrary contained in this Agreementnotwithstanding, the Partnership, and the General Partner on behalf of the Partnership, shall not make a no distribution to any Partner on account of its interest in may be made by the Partnership if and to the extent that such distribution would violate Section 17-607 of the Act or other applicable law. The General Partner may also restrict distributions to the extent required for the Fund’s compliance with any agreements with its creditors.

Appears in 1 contract

Samples: Limited Partnership Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.