Common use of Certain Distributions Prohibited Clause in Contracts

Certain Distributions Prohibited. Anything in this Agreement to the contrary notwithstanding, no distribution shall be made to any Member if, and to the extent that, such distribution would not be permitted under the Delaware Act.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (TCW Spirit Direct Lending LLC), Limited Liability Company Agreement (Senior Credit Investments, LLC), Limited Liability Company Agreement (Senior Credit Investments, LLC)

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Certain Distributions Prohibited. Anything Notwithstanding anything in this Agreement ARTICLE X to the contrary notwithstandingcontrary, no distribution shall be made to any Member Partner if, and to the extent that, such distribution would not be permitted under Section 17-607(a) of the Delaware Act.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Certain Distributions Prohibited. Anything in this Agreement Article X to the contrary notwithstanding, no distribution shall be made to any Member if, and to the extent that, that such distribution would not be permitted under Section 18-607(a) of the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gc Companies Inc)

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