Limitation on Distribution Sample Clauses

Limitation on Distribution. No distribution shall be declared and paid unless, after the distribution is made, the assets of the Company are in excess of all liabilities of the Company (as determined in accordance with generally accepted accounting principles applied on a consistent basis), except liabilities to Members on account of their Capital Contributions.
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Limitation on Distribution. Notwithstanding any other provisions in this Agreement, Publisher shall not, directly or indirectly, solicit orders from or sell any Units of the Licensed Products to any person or entity outside of the Licensed Territory. In addition, Publisher shall not directly or indirectly solicit orders for or sell any Units of the Licensed Products in any situation where Publisher knows or reasonably should know that such Licensed Products may be exported or resold outside of the Licensed Territory.
Limitation on Distribution. Notwithstanding any other provision of this Plan, but subject to Article 14, if a Participant's employment terminates and his vested interest under the Plan exceeds $3,500 as calculated under section 41l (a) (11) of the Code (or such other amount prescribed by applicable law), such vested interest shall not be "immediately distributed" (within the meaning of section 411 (a) (11) of the Code) without his written consent, except as otherwise permitted by law.
Limitation on Distribution. A. This Company may not make a distribution to its Members to the extent that, immediately after giving effect to the distribution, all liabilities of this Company, other than liabilities to Members with respect to their interests and liabilities for which the recourse of creditors is limited to specified property of this Company, exceed the fair value of this Company's assets, except that the fair value of property that is subject to a liability for which recourse of creditors is limited shall be included in this Company's assets only to the extent that the fair value of that property exceeds that liability. B. A Member who receives a distribution that is not permitted under this Operating Agreement has no liability under the Act to return the distribution unless the Member knew that the distribution violated the prohibition of the Act. This does not affect any obligation of the Members under this Operating Agreement or other applicable law to return the distribution.
Limitation on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its Interest in the Company if such distribution would violate any applicable law.
Limitation on Distribution. Licensee may sell licensed goods only in either or both the apparel department and sporting goods department of Kmart Corporation stores and only in the Unites States. Licensee shall grant no sublicense regarding the MacGregor trademark, provided that Licensee shall be allowed to purchase and market products licensed hereunder through its wholly-owned subsidiary, Kmart Apparel Corp." 7. Commencing on the Effective Date, Section 11(b) of the Parent Agreement is amended to provide in full as follows:
Limitation on Distribution. Distribute to any Person or Persons other than Borrower in any fiscal year in the aggregate more than fifty percent (50%) of Consolidated Earnings for such fiscal year.
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Limitation on Distribution. No distribution may be made if, after giving effect to the distribution: 1. the Company would not be able to pay its debts as they become due in the usual course of business; or 2. the Company's assets would be less than the sum of its liabilities plus, the amount that would be needed, if the Company were to be dissolved, wound up, and terminated at the time of the distribution, to satisfy the preferential rights upon dissolution, winding up and termination of Member whose preferential rights are superior to those receiving the distribution. The Company may base a determination that a distribution is not prohibited upon the provisions of Section 33-44-406(b) and (c) of the Act.
Limitation on Distribution. No Distribution from the account shall be used to pay for the support of a Beneficiary as the term support is defined under Federal or State benefit programs, including but not limited to, Social Security, Medicaid, etc. In particular, no distributions shall be used to provide for food, shelter or items,
Limitation on Distribution. No distribution shall be declared and paid unless, after the distribution is made, the assets of the Partnership are in excess of all liabilities of the Partnership (as determined in accordance with GAAP applied on a consistent basis), except liabilities to Partners on account of their Capital Contributions.
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