Common use of Distribution Limitation Clause in Contracts

Distribution Limitation. Notwithstanding any other provision of this Agreement, the Company will not make any Distribution to the Members unless, after the Distribution, the liabilities of the Company (other than liabilities to Members on account of their Capital Contributions) have been paid or there remains property of the Company sufficient to pay them.

Distribution Limitation. Notwithstanding any other provision of this Agreement, the Company will not make any Distribution to the Members unlessif, after the Distribution, the liabilities of the Company (other than liabilities to Members on account of their Capital ContributionsUnits) have been paid or there remains property would exceed the Fair Market Value of the Company sufficient to pay themCompany's assets, as initially determined by the Management Committee.

Distribution Limitation. Notwithstanding any other provision of this ----------------------- Agreement, the Company company will not make any Distribution to the Members unless, after the Distribution, the liabilities of the Company (other than liabilities to Members on account of their Capital Contributions) have been paid or there remains property of the Company sufficient to pay them.