Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the LLC shall not make a distribution to the Member on account of his interest in the LLC if such distribution would violate the Act or other applicable law.
Appears in 24 contracts
Samples: Operating Agreement (UHS of Timberlawn, Inc.), Operating Agreement (UHS of Timberlawn, Inc.), Operating Agreement (UHS of Timberlawn, Inc.)
Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the LLC Company shall not make a distribution to the any Member on account of his interest in the LLC if such distribution would violate Section 18-607 of the LLC Act or other applicable law.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Carlyle Group L.P.), Limited Liability Company Agreement (Carlyle Group L.P.)
Limitation on Distributions. Notwithstanding any other provision to the contrary contained in of this LLC Agreement, the LLC Company shall not be required to make a distribution to the a Member on account of his interest in the LLC if such distribution would violate the LLC Act or any other applicable lawApplicable Law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (APT Sunshine State LLC), Limited Liability Company Agreement (Resource America Inc)
Limitation on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the LLC shall not make a distribution to the Member Members on account of his interest in the LLC if such distribution would violate the Act or other applicable law.
Appears in 2 contracts
Samples: Operating Agreement (UHS of Timberlawn, Inc.), Operating Agreement (UHS of Timberlawn, Inc.)
