Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not 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 other Applicable Law.
Appears in 34 contracts
Samples: Limited Liability Company Agreement (Western Midstream Operating, LP), Limited Liability Company Agreement (Western Midstream Partners, LP), Limited Liability Company Agreement (Western Midstream Partners, LP)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not 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 other any Applicable Law.
Appears in 15 contracts
Samples: Contribution Agreement (American Midstream Partners, LP), Limited Liability Company Agreement (American Midstream Partners, LP), Limited Liability Company Agreement (American Midstream Partners, LP)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member Shareholder on account of its interest in the Company Shares if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Cooke Bros Holdings LTD), Limited Liability Company Agreement (Cooke Bros Holdings LTD), Limited Liability Company Agreement (Cooke Bros Holdings LTD)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution Distribution to any Member on account of its interest in Interest if the Company if such distribution Distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 7 contracts
Samples: Individual Series Limited Liability Company Agreement (Freeport Holdings Series LLC), Limited Liability Company Operating Agreement, Operating Agreement
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not 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 other Applicable Lawapplicable law.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Delek Logistics Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its interest in the Company Membership Interest if such distribution would violate Section 18-607 of the Act or other Applicable Law.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Marlin Midstream Partners, LP), Limited Liability Company Agreement (Cypress Energy Partners, L.P.)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any a Member or Unitholder on account of its interest in the Company Units if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 4 contracts
Samples: Consent, Waiver and Amendment Agreement (Valeritas Inc), Limited Liability Company Agreement (Valeritas Inc), Limited Liability Company Agreement (Valeritas Inc)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its interest in the Company Membership Interest if such distribution would violate Section 18-607 of the Act or other Applicable Law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Emerge Energy Services LP), Limited Liability Company Agreement (Emerge Energy Services LP)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member holder of Interests on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its interest in the Company with respect to such Member’s Interest if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 3 contracts
Samples: Operating Agreement (Columbia Equity Trust, Inc.), Operating Agreement (Columbia Equity Trust, Inc.), Operating Agreement (Columbia Equity Trust, Inc.)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, 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 Section 18-607 of the Act or any other Applicable Lawapplicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Plymouth Industrial REIT Inc.), Limited Liability Company Agreement (Foursquare Capital Corp), Limited Liability Company Agreement (Maui Land & Pineapple Co Inc)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not 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 other Applicable Lawapplicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Williams Energy Partners L P), Limited Liability Company Agreement (Williams Energy Partners L P), Limited Liability Company Agreement (Williams Energy Partners L P)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a any distribution to any a Member on account of its interest in the Company if such distribution would violate Section 18-607 or Section 18-804 of the Act or other Applicable LawAct.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Fintech Investor Holdings, LLC), Limited Liability Company Operating Agreement
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member Person on account of its interest his Percentage Interest in the Company if such distribution would violate violation of Section 18-607 of the Act Act, or other Applicable Lawif such distribution would be in violation of or inconsistent with any loan documents relating to any indebtedness of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Listerhill Total Maintenance Center LLC), Limited Liability Company Agreement (Wise Metals Group LLC)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member Unitholder on account of its interest in the Company Units if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cooke Bros Holdings LTD), Limited Liability Company Agreement (Cott Retail Brands LTD)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any the Sole Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other Applicable Law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (TXO Energy Partners, L.P.), Limited Liability Company Agreement (MorningStar Partners, L.P.)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member Holder on account of its interest any Unit in the Company if such distribution would violate Section 18-607 of (i) the Act or other Applicable Lawapplicable law or (ii) the Credit Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (AdaptHealth Corp.), Merger Agreement (DFB Healthcare Acquisitions Corp.)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, 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 Section 18-607 of the Act or any other Applicable Lawapplicable law or any Basic Document.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Carter Validus Mission Critical REIT, Inc.)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its interest Interest in the Company if such distribution would violate Section 18-607 of the Delaware Act or other Applicable Lawapplicable law.
Appears in 1 contract
Limitations on Distributions. Notwithstanding any provision to the ---------------------------- contrary contained in this AgreementAgreement (other than Section 12.6), the Company Company, and the 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 Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 1 contract
Samples: Operating Agreement (Reckson Associates Realty Corp)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution Distribution to any Member on account of its interest in the Company Interests if such distribution Distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Building Products, LLC)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account in respect of its interest in the Company such Member’s ownership of Units if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 1 contract
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account in respect of its interest in the Company such Member’s Membership of Interests if (a) such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law; (b) to the extent prohibited by any financing agreement with any lender to the Company, or (c) which would render the Company insolvent.
Appears in 1 contract
Samples: Operating Agreement
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member the Members on account of its their interest in the Company if such distribution would violate Section 18-607 of the Act or any other Applicable Lawapplicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Invesco Real Estate Income Trust Inc.)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its interest in the Company Units if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Primo Water Corp)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not 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 other Applicable Law.. MANAGEMENT
Appears in 1 contract
Samples: Limited Liability Company Agreement (Magellan Midstream Partners Lp)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall may not make a distribution to any the Member on any account of its interest in the Company Membership Interest if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member the Members on account of its their interest in the Company if such distribution would violate Section 18-607 of the Act or other Applicable Law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Peak Resources LP)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of with respect to its interest in the Company Interest if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law or the terms of the Construction Loan, any Permanent Loan or any other Indebtedness of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Seaport Entertainment Group Inc.)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution Distribution (including a Dividend) to any Member on account of its interest in the Company Interest if such distribution Distribution would violate Section 18-607 of the Delaware Act or other Applicable Lawapplicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Enserch Exploration Inc /Tx/)
Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its interest in the Company with respect to such Members Interest if such distribution would violate Section 18-607 of the Act or other Applicable Lawapplicable law.
Appears in 1 contract
