Common use of Limitations on Distributions Clause in Contracts

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, shall not be required to make a distribution to a Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or any other applicable law.

Appears in 29 contracts

Samples: Limited Partnership Agreement (MPT of West Anaheim, LLC), Limited Partnership Agreement (MPT of West Anaheim, LLC), Limited Partnership Agreement (MPT of West Anaheim, LLC)

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Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, shall not be required cause the Partnership to make a Partnership distribution to a any Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or any other applicable lawLaw.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Wcof, LLC), Limited Partnership Agreement (Virgin Mobile USA, Inc.), Limited Partnership Agreement (Virgin Mobile USA, Inc.)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Partnership, and Partnership nor the General Partner Partner, on behalf of the Partnership, shall not be required to make a distribution to a any Partner on account of its interest Partnership Interests in the Partnership if such distribution would violate Section 17-607 violation of the Act or any other applicable lawLaw or to the extent such distribution would result in the Partnership or any of its Subsidiaries being in default under any material credit agreement, loan agreement, note, indenture or other agreement governing indebtedness.

Appears in 4 contracts

Samples: Limited Partnership Agreement (StepStone Group Inc.), Limited Partnership Agreement (StepStone Group Inc.), Transaction Agreement (StepStone Group Inc.)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, Partnership and the General Partner Partner, on behalf of the Partnership, shall not be required to make a distribution to a Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or any other applicable law.

Appears in 2 contracts

Samples: Limited Partnership Agreement (BGC Partners, Inc.), Limited Partnership Agreement (BGC Partners, Inc.)

Limitations on Distributions. Notwithstanding any other provision to the contrary contained in of this Agreement, the Partnership, and the General Partner on behalf of the Partnership, Partnership shall not be required to make a distribution to a Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or any other applicable law.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Core & Main, Inc.), Limited Partnership Agreement (Core & Main, Inc.)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, Partnership shall not be required to make a distribution to a Partner on account of its interest in to the Partnership if extent that such distribution would violate is not permitted under the Act. A Partner who receives a distribution that is not permitted under the terms of Section 17-607 of the Act shall have no liability under the Act or any other applicable lawthis Agreement to return the distribution unless the Partner knew that the distribution violated the terms of such Section.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Energy Transfer Partners, L.P.), Limited Partnership Agreement (Energy Transfer Equity, L.P.)

Limitations on Distributions. Notwithstanding any provision anything to the contrary contained in this Agreement, the Partnership, Partnership and the General Partner Partner, on behalf of the Partnership, shall not be required to make a distribution to a any Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or any other applicable law.

Appears in 1 contract

Samples: Limited Partnership Agreement (Prodigy Communications Corp)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, Partnership shall not be required to make a distribution to a any Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or any other applicable law.

Appears in 1 contract

Samples: Limited Partnership Agreement (Textron Inc)

Limitations on Distributions. Notwithstanding any ---------------------------- provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, Partnership shall not be required to make a distribution (including a Dividend) to a any Partner on account of its interest in the Partnership if such distribution (including a Dividend) would violate Section 17(S)17-607 of the Act or any other applicable law.

Appears in 1 contract

Samples: Limited Partnership Agreement (Duquesne Light Co)

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Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Partnership, and Partnership nor the General Partner Partner, on behalf of the Partnership, shall not be required to make a distribution to a any Partner on account of its interest Partnership Interests in the Partnership if such distribution would violate Section 17-607 violation of the Act or any other applicable lawLaw or to the extent such distribution would result in the Partnership or any of its Subsidiaries being in default under any material credit agreement, loan agreement, note, indenture, or other agreement governing indebtedness.

Appears in 1 contract

Samples: Limited Partnership Agreement (StepStone Group Inc.)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, Partnership shall not be required to make a distribution Distribution to a any Partner on account of its interest in the Partnership if such distribution Distribution would violate Section section 17-607 of the Act or any other applicable lawUniform Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (National Auto Finance Co Inc)

Limitations on Distributions. Notwithstanding any provision anything in this Agreement to the contrary contained in this Agreementcontrary, the Partnership, and the General Partner on behalf of the Partnership, shall not be required to make a distribution to a any Partner on account of its interest Interest in the Partnership if such distribution would violate Section 17-607 of the Limited Partnerships Act or any other applicable law.

Appears in 1 contract

Samples: Limited Partnership Agreement

Limitations on Distributions. Notwithstanding any provision anything to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, shall not be required to make a distribution to a any Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or any other applicable law.

Appears in 1 contract

Samples: Limited Partnership Agreement

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership, and the General Partner on behalf of the Partnership, Partnership shall not be required to make a distribution to a Limited Partner on account of its interest in the Partnership if such distribution would violate Section 17-607 of the Act or any other applicable lawlaw or any Basic Document.

Appears in 1 contract

Samples: Limited Partnership Agreement (Carter Validus Mission Critical REIT, Inc.)

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