Common use of Limitation on Foreclosure Clause in Contracts

Limitation on Foreclosure. To the maximum extent permitted by the Act, notwithstanding any showing that distributions under a charging order upon any economic interest of the Company will not pay the amount owed to the creditor within a reasonable time, no membership interest in the Company shall be subject to foreclosure.

Appears in 4 contracts

Samples: Operating Agreement (Urstadt Biddle Properties Inc), Operating Agreement (Hrti, LLC), Operating Agreement (Eaton Vance Corp)

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