Limitation on Distributions. Notwithstanding any other provision to the contrary in this Agreement, the Company shall not make a distribution to any Member if such distribution would violate the Act or other applicable law.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Georesources Inc), Limited Liability Company Agreement (Hiland Partners, LP), Limited Liability Company Agreement (Hiland Holdings GP, LP)
Limitation on Distributions. Notwithstanding any other provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member if such distribution would violate Section 17-607 of the LLC Act or other applicable law.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (KKR & Co. L.P.), Limited Liability Company Agreement (KKR & Co. L.P.), Limited Liability Company Agreement (KKR & Co. L.P.)
Limitation on Distributions. Notwithstanding any other provision provisions herein to the contrary in this Agreementcontrary, the Company shall not make a distribution to any Member if such distribution would violate the Act or other applicable lawAct.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Blue Sphere Corp.), Limited Liability Company Agreement (Blue Sphere Corp.)
Limitation on Distributions. Notwithstanding any other provision in this Agreement to the contrary in this Agreementcontrary, the Company Company, and the Board on behalf of the Company, shall not make a distribution to any Member on account of its interest in the Company if such distribution would violate the Act or other applicable lawAct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Vertex Aerospace Inc)
