Delaware Act Sample Clauses

Delaware Act. Notwithstanding anything in this Agreement to the contrary, the Partnership shall not make any distributions except to the extent permitted under the Delaware Act.
Delaware Act. 1 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Delaware Act. The Delaware Revised Uniform Limited Partnership Act as in effect on the date hereof and as amended from time to time, or any successor law. Fiscal Period The period commencing on the Closing Date, and thereafter each period commencing on the day immediately following the last day of the preceding Fiscal Period and ending at the close of business on the first to occur of the following dates:
Delaware Act. To the extent that a Unitholder returns funds to the LLC, it has no claim against any other Unitholder for those funds.
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Delaware Act. Section 2.1
Delaware Act. Notwithstanding anything in this Agreement to the contrary, the Partnership shall not make any distributions pursuant to this Agreement to the extent such distribution would be prohibited under the Act or other applicable law. A Partner who receives a distribution in violation of this Section 4.6, and who knew at the time of the distribution that the distribution violated this Section 4.6, shall be liable to the Partnership for the amount of the distribution. A Partner who receives a distribution in violation of this Section 4.6, and who did not know at the time of the distribution that the distribution violated this Section 4.6, shall not be liable for the amount of the distribution.
Delaware Act. 1.01 DEA............................................ 4.20
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