Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Board shall not make a Company distribution to any Member if such distribution would violate the Act or other applicable Law.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Apollo Global Management LLC), Limited Liability Company Agreement (Apollo Global Management LLC)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Board Company shall not make a Company distribution to any Member on account of its Ownership Interests if such distribution would violate Section 18-607 of the Act or other applicable Law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Calamos Asset Management, Inc. /DE/), Limited Liability Company Agreement (Calamos Asset Management, Inc. /DE/), Limited Liability Company Agreement (Calamos Asset Management, Inc. /DE/)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Board Company shall not make a Company distribution to any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable Lawlaw.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Standard & Poor's Financial Services LLC), Limited Liability Company Agreement (Standard & Poor's Financial Services LLC), Limited Liability Company Agreement (Standard & Poor's Financial Services LLC)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Board shall Company will not make a Company distribution to any Member if such distribution would violate applicable law or the Act or other applicable Lawterms of any indebtedness of the Company.
Appears in 3 contracts
Samples: Operating Agreement (Sky Harbour Group Corp), Limited Liability Company Operating Agreement (AST SpaceMobile, Inc.), Limited Liability Company Operating Agreement (System1, Inc.)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this Agreement, the Company, and the Board on behalf of the Company, shall not make a Company 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 (Finance of America Companies Inc.), Transaction Agreement (Replay Acquisition Corp.)
Limitations on Distribution. Notwithstanding any provision to the contrary contained in this LLC Agreement, the Company, and the Board on behalf of the Company, shall not make a Company 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 1 contract
Samples: Limited Liability Company Agreement (Laredo Oil, Inc.)
