Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Members subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lender or by applicable law. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Members on account of its interest in the Company if such distribution would violate the Act or any other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC)
Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Members pro rata subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lender or by applicable lawLender. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Members any Member on account of its interest in the Company if such distribution would violate the Act or any other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CBL & Associates Limited Partnership)
Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Members subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lender or by applicable lawLender. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Members on account of its interest in the Company if such distribution would violate the Act or any other applicable lawlaw or would constitute a default under the Loan Documents.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CBL/Regency I, LLC)
Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Members subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lender or by applicable law. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Members on account of its interest in the Company if such distribution would violate the Act Ad or any other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CBL & Associates Limited Partnership)
Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Members Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lender or by applicable lawLender pursuant to the Loan Documents, if any. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Members on account of its interest in the Company if such distribution would violate the Act or any other applicable law., or would constitute a default under the Loan Documents. 5.2
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Comstock Holding Companies, Inc.)
Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Members Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lender Lender or by applicable lawthe Loan Documents. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Members Member on account of its interest in the Company if such distribution would violate the Act or Act, any other applicable lawlaw or any Loan Document.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CBL/Regency I, LLC)
Cash Flow Distributions. The Cash Flow of the Company, if any, shall be distributed to the Members Member subject to any limitations on the Company’s ability to make distributions imposed by the Company’s lender or by applicable lawLender in the Loan Documents. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to the Members Member on account of its interest in the Company if such distribution would violate the Act or any other applicable lawlaw or would constitute a default under the Loan Documents.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CBL/Regency I, LLC)