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 to any Member on account of its interest in the Company if such distribution would violate the Act or other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Company.

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 the Act or other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the CompanyLaw.

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 the Act or other Applicable Law applicable law or any agreement in relation to the incurrence or assumption of Indebtedness by the Company.

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 the Act or any other Applicable Law applicable law or any agreement in relation to the incurrence or assumption of Indebtedness by the CompanyBasic Document.

Limitations on Distributions. Notwithstanding any other provision to the contrary contained in this Agreement, the Company Company, and the Managing Member on behalf of the Company, shall not be required to make a any distribution to any a Member on account in respect of its interest in the Company if such distribution would violate the Company Act or other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Companyapplicable law.

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution Distribution to the extent any Member on account of its interest in the Company if such distribution would violate the Act or other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Companyapplicable law.

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 (i) the Act or other Applicable Law applicable law or any agreement in relation to (ii) the incurrence or assumption of Indebtedness by the CompanyCredit Agreement.

Limitations on Distributions. Notwithstanding any provision in this Agreement to the contrary contained in this Agreementcontrary, neither the Company shall not nor the Managing Member on behalf of the Company may make a distribution to any Member on account of its interest in the Company such Member's Membership Interest if such distribution would violate the Act or other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the CompanyAct.

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 Member on account of its interest in the Company if such distribution would violate the Act or other Applicable Limited Liability Company Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Companyother applicable law.

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 the Act or other Applicable Law applicable law or the terms of the Construction Loan, any Permanent Loan or any agreement in relation to the incurrence or assumption other Indebtedness of Indebtedness by the Company.

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 the Act or any other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Companyapplicable law.

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, (a) the Company shall not make a distribution to any Member on account of its interest in with respect to such Member’s Interest if the Company if such distribution would violate the Act or other Applicable Law or applicable law, and (b) the Company shall not make any agreement in relation distribution to the incurrence or assumption of Indebtedness extent prohibited by any financing agreement with any lender to the Company.

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a any distribution to any Member on account of its interest in the Company if such distribution would violate the Act or other Applicable Law comparable applicable law or if such distribution is prohibited in any agreement in relation to loan agreements for borrowed money between the incurrence or assumption of Indebtedness by the CompanyCompany and its lenders.

Limitations on Distributions. Notwithstanding any other provision to the contrary contained in this Agreement, the Company Company, and the Board of Managers on behalf of the Company, shall not be required to make a any distribution to any a Member on account in respect of its interest in the Company if such distribution would violate the Company Act or other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Companyapplicable law.

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 Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Companyapplicable law.

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company Company, shall not be required to make a distribution to any Member or the holder of any Economic Interest on account of its interest Membership Interest or Economic Interest in the Company if such distribution would violate (as applicable) in violation of the Act or other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the CompanyLaw.

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 the Act or other any Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Company.Law. Exhibit 3.1

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 Member on account distributions in violation of its interest in the Company if such distribution would violate the Act or other Applicable Law or any agreement in relation to the incurrence or assumption of Indebtedness by the Companyapplicable law.