Common use of Consequences of Distributions Clause in Contracts

Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in this Article VIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.

Appears in 13 contracts

Samples: Agreement (HEALTHSOUTH of Toms River, Inc.), Agreement (HEALTHSOUTH of Toms River, Inc.), Agreement (HEALTHSOUTH of Toms River, Inc.)

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Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in this Article VIIIIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, business which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.

Appears in 3 contracts

Samples: PHC Hospitals, LLC, Province Healthcare Co, Province Healthcare Co

Consequences of Distributions. Upon the determination to distribute funds cash or property other than cash in any manner expressly provided in this Article VIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.

Appears in 2 contracts

Samples: Hit Entertainment Inc, Hit Entertainment Inc

Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in this Article VIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, business which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.

Appears in 1 contract

Samples: Management Agreement (PHC Hospitals, LLC)

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Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in this Article VIII8, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership, or the Partnership or a Limited Partner otherwise was adversely affected by such distribution.

Appears in 1 contract

Samples: Certificate and Agreement (HEALTHSOUTH of Toms River, Inc.)

Consequences of Distributions. Upon the determination to distribute funds in any manner expressly provided in is this Article VIII, made in good faith, the General Partner shall incur no liability on account of such distribution, even though such distribution may have resulted in the Partnership retaining insufficient funds for the operation of its business, which insufficiency resulted in loss to the Partnership or necessitated the borrowing of funds by the Partnership.

Appears in 1 contract

Samples: Agreement (HEALTHSOUTH of Toms River, Inc.)

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