Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member shall not make a distribution to any Member if such distribution would violate Section 18-607 of the Act or other applicable Law.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Blackstone Holdings III L.P.), Limited Liability Company Agreement (Alight Group, Inc.), Limited Liability Company Agreement
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member Company shall not make a distribution to any Member on account of its Membership Units if such distribution would violate Section 18-607 of the Act or other applicable Lawlaw.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (El Pollo Loco Holdings, Inc.), Limited Liability Company Operating Agreement (EPL Intermediate, Inc.)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member Company shall not make a distribution to any Member on account of its Membership Units if such distribution would violate Section 18-607 of the Act or other applicable Law.
Appears in 6 contracts
Samples: Operating Agreement, Operating Agreement (Amyris, Inc.), Operating Agreement (Amyris, Inc.)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member shall not make a distribution to any Member if such distribution would violate Section 18-607 of the Act or other applicable LawLaw or any applicable debt instrument.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Fathom Digital Manufacturing), Business Combination Agreement (Altimar Acquisition Corp. II)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member Manager shall not make a distribution to any Member if such distribution would violate Section 18-607 of the Act or other applicable Law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Medley LLC), Limited Liability Company Agreement (Medley Management Inc.)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member shall not make a distribution Distribution to any Member if such distribution Distribution would violate Section 18-607 of the Act or other applicable Law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Calyxt, Inc.), Limited Liability Company Agreement (Highland Transcend Partners I Corp.)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member shall not make a distribution to any Member if such distribution would violate (a) Section 18-607 347.109 of the Act Act, (b) other applicable Law or (c) the terms of any credit agreement or other applicable Lawthird-party agreement or arrangement to which the Company is a party.
Appears in 1 contract
Samples: Business Combination Agreement (Spree Acquisition Corp. 1 LTD)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member shall not make a distribution to any Member if such distribution would violate Section 18-607 of the Act or other applicable Law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Exeter Finance Corp)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Managing Member shall not make a distribution to any Member if such distribution would violate Section 18-607 of the Act or other applicable LawLaw or the terms of any credit agreement or other third-party agreement or arrangement to which the Company is a party.
Appears in 1 contract
Samples: Business Combination Agreement (ArcLight Clean Transition Corp. II)
