Common use of Limitation Upon Distribution Clause in Contracts

Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company would exceed the liabilities of the Company, except liabilities to the Member on account of its Capital Contributions.

Appears in 16 contracts

Samples: Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Pipeline GP Interests, LLC), Limited Liability Company Agreement (Cheniere Pipeline GP Interests, LLC)

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Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company would exceed the liabilities of the Company, except liabilities to the Member Member(s) on account of its their Capital Contributions.

Appears in 5 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Cheniere Corpus Christi Holdings, LLC), Limited Liability Company Agreement (Cheniere Corpus Christi Holdings, LLC)

Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company would exceed the are in excess of all liabilities of the Company, except liabilities to the Member Members on account of its their Capital Contributions.

Appears in 2 contracts

Samples: Company Agreement (Cabana Beverages, Inc.), Company Agreement (Cabana Beverages, Inc.)

Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company would exceed the liabilities of the Company, except liabilities to the Class A Member on account of its Capital Contributions.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Alta Mesa Holdings, LP), Limited Liability Company Agreement (Alta Mesa Holdings, LP)

Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company Property would exceed the liabilities of the Company, except liabilities to the Member Members on account of its their Capital Contributions.. Amended and Restated Operating Agreement Advanced Radiology, LLC

Appears in 1 contract

Samples: Operating Agreement (Health Diagnostics of New Jersey, LLC)

Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company Property would exceed the liabilities of the Company, except liabilities to the Member Members on account of its their Capital Contributions.

Appears in 1 contract

Samples: Operating Agreement (Advanced Na, LLC)

Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company would exceed the liabilities of the Company, except liabilities to the Member on account of its his Capital Contributions.

Appears in 1 contract

Samples: Company Agreement (Meridian Resource Corp)

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Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company would exceed the liabilities of the Company, except liabilities to the Member Members on account of its their Capital Contributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cheniere Pipeline GP Interests, LLC)

Limitation Upon Distribution. No distribution shall be declared and paid unlessunless (i) such distribution has been approved by a Majority in Interest of the Members, and (ii) if after the distribution is made, the value of assets of the Company would exceed the liabilities of the Company, except liabilities to the Member Members on account of its their Capital Contributions.

Appears in 1 contract

Samples: Operating Agreement (Texas San Macros Treatment Center Lp)

Limitation Upon Distribution. No distribution shall be declared and paid unless, if after the distribution is made, the value of assets of the Company Partnership would exceed the liabilities of the CompanyPartnership, except liabilities to the Member Partner(s) on account of its their Capital Contributions.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Cheniere Corpus Christi Holdings, LLC)

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