Limitations on Distributions. The Company shall make no distributions to the Unit Holders except as provided in this Section 4 and Section 10 hereof. Notwithstanding any other provision, no distribution shall be made if it is not permitted to be made under the Act.
Appears in 45 contracts
Samples: Operating Agreement (Cardinal Ethanol LLC), Operating Agreement (Cardinal Ethanol LLC), Operating Agreement
Limitations on Distributions. The Company shall make no distributions to the Unit Holders except as provided in this Section 4 Article IV and Section 10 hereofin Article X of this Agreement. Notwithstanding any other provision, no distribution shall be made if it is not permitted to be made under the Act.
Appears in 40 contracts
Samples: Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Highwater Ethanol LLC)
Limitations on Distributions. The Company shall make no distributions to the Unit Holders except as provided in this Section 4 and Section 10 hereof. Notwithstanding any other provision, no distribution shall be made if it is not permitted to be made under § 21-134 of the Act.
Appears in 1 contract
Samples: Operating Agreement (Siouxland Renewable Holdings, LLC)
