Common use of Limitations on Distributions Clause in Contracts

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution (including a dividend) to any Securityholder on account of a Company Security if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (UBS Preferred Funding Trust VIII), Limited Liability Company Agreement (UBS Preferred Funding Trust VIII), Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)

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Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution (including a dividendDividend or redemption payment) to any Securityholder on account of a Company Security if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Teco Capital Trust Iii), Limited Liability Company Agreement (Teco Capital Trust Iii), Limited Liability Company Agreement (Teco Energy Inc)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution (including a dividend) to any Securityholder Member on account of a Company Security its Interest if such distribution would violate Section Sections 18-607 or 18-804 of the Delaware Act or other applicable law.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Cellnet Data Systems Inc), Limited Liability Company Agreement (Cellnet Data Systems Inc)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution (including a dividend) to any Securityholder Member on account of a Company Security its Interest if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Morgan J P & Co Inc), Limited Liability Company Agreement (Morgan J P & Co Inc)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution (including a dividend) to any Securityholder on account of a Company its Security if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (BNP Us Funding LLC)

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Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution (including a dividend) to any Securityholder Member on account of a Company Security its Interest if such distribution would violate Section 18-607 or 18-804 of the Delaware Act or other applicable law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Icg Funding LLC)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution (including a dividend) to any Securityholder on account of a Company its Security if such distribution would violate Section 18-607 of the Delaware Act or other applicable law. No dividends shall be declared and paid on the Common 42 Securities unless all dividends on the Preferred Securities, if any, whether declared or deemed declared, have been paid in full at the Dividend Rate.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Abn Amro Bank Nv)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution (including a dividend) to any Securityholder on account of a Company its Security if such distribution would violate Section 18-607 of the Delaware Act or other applicable law. No dividends shall be declared and paid on the Common Securities unless all dividends on the [Class B] Preferred Securities, if any, whether declared or deemed declared, have been paid in full at the Dividend Rate.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Abn Amro Bank Nv)

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