Limitation on Distributions. Notwithstanding anything to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Act or other applicable law.
Appears in 19 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Limitation on Distributions. Notwithstanding anything any provision of this Agreement to the contrary contained in this Agreementcontrary, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its interest in to the Company if extent such distribution would violate the Act or other applicable lawLaw or would result in the Company or any of its Subsidiaries being in default under any material agreement.
Appears in 13 contracts
Samples: Agreement and Plan of Merger (Swiftmerge Acquisition Corp.), Limited Liability Company Agreement (Swiftmerge Acquisition Corp.), Limited Liability Company Agreement (Zeo Energy Corp.)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate Section 17-607 of the LLC Act or other applicable law.
Appears in 9 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (KKR & Co. L.P.), Limited Liability Company Agreement (KKR & Co. L.P.)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member Lazard Board on behalf of the Company, shall not be required to make a distribution to any a Member on account of its interest in the Company if such distribution would violate the Act or any other applicable law.
Appears in 9 contracts
Samples: Operating Agreement (Lazard Group LLC), Operating Agreement (Lazard LTD), Operating Agreement (Lazard LTD)
Limitation on Distributions. Notwithstanding anything any other provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Act or other applicable law.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Georesources Inc), Limited Liability Company Agreement (Hiland Partners, LP), Limited Liability Company Agreement (Stonemor Partners Lp)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, neither the Company, and Company nor the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Act or other applicable lawLaw, or to the extent such distribution would result in the Company or any of its Subsidiaries being in default under any material agreement.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (GEN Restaurant Group, Inc.), Limited Liability Company Agreement (Zevia PBC), Limited Liability Company Agreement (Zevia PBC)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate the Act or other applicable lawany Applicable Law.
Appears in 5 contracts
Samples: Exchange and Redemption Agreement, Exchange and Redemption Agreement, Limited Liability Company Agreement (Sunoco Logistics Partners L.P.)
Limitation on Distributions. Notwithstanding anything to the contrary contained in this Agreementherein, the Company, Company and the Managing Member on behalf of the Company, shall not be required to make a distribution to any Member on account of its interest in the Company Interest if such distribution would violate the Act or other applicable law.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Brookfield Asset Management Inc.), Limited Liability Company Agreement (Brookfield Asset Management Inc.), Limited Liability Company Agreement (Brookfield Retail Holdings LLC)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its such Member’s interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Time Warner Cable Information Services (Texas), LLC), Limited Liability Company Agreement (Charter Communications Inc /Mo/), Limited Liability Company Agreement (Charter Communications Inc /Mo/)
Limitation on Distributions. Notwithstanding anything to the contrary contained in this Agreement, the Company, and the Managing Member Board on behalf of the Company, shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate this Agreement, the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Select Medical Corp), Limited Liability Company Agreement (Select Medical Corp)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or Act, any other applicable lawlaw or the Acquisition Loan Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (American Retirement Corp), Limited Liability Company Agreement (American Retirement Corp)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (American Retirement Corp)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its such Member's interest in the Company if such distribution would violate the Act or other applicable lawlaw or would cause a breach or default under any agreement or instrument to which the Company is a party or by which it or the Property is bound.
Appears in 1 contract
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member Manager on behalf of the Company, shall not be required to make a distribution to any Member on account of its interest in the Company to the extent (if any) that such distribution would violate the Act or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (American Homes 4 Rent)
Limitation on Distributions. Notwithstanding anything any provision in this Agreement to the contrary contained in this Agreementcontrary, the Company, and the Managing Member Board on behalf of the Company, shall not be required to make a distribution to any Member on account of its interest Units in the Company if such distribution would violate the Act or other applicable lawAct.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Nalco Holding CO)
Limitation on Distributions. Notwithstanding anything any provision in this Agreement to the contrary contained in this Agreementcontrary, the Company, and the Managing Member Board on behalf of the Company, shall not be required to make a distribution to any the Member on account of its interest in the Company if such distribution would violate the Act or other applicable lawAct.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Nalco Energy Services Equatorial Guinea LLC)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any a Member on account of its interest in the Company if such distribution would violate Sections 18-607 or 18-804 of the Act or any other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Maguire Properties Inc)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its interest such Member's Interest in the Company if such distribution would violate the Act or other applicable lawlaw or would cause a breach or default under any agreement or instrument to which the Company is a party or by which it or the Company Property is bound.
Appears in 1 contract
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member the Members on account of its interest their Interest in the Company if such distribution would violate the Act or any other applicable lawfederal or state Law.
Appears in 1 contract
Samples: Merger Agreement (Global Partner Acquisition Corp.)
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a distribution to any Member on account of its such Member's interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 1 contract
Limitation on Distributions. Notwithstanding anything any provision to the contrary contained in this Agreement, the Company, and the Managing Member on behalf of the Company, Company shall not be required to make a any distribution to any Member on account of its interest in the Company Members if (i) such distribution would violate the Act or other applicable lawlaw or (ii) a Majority in Interest of the outstanding Units vetos a distribution proposed by the Manager.
Appears in 1 contract
Samples: Limited Liability Company Agreement
