Limitations on Put Rights Sample Clauses

Limitations on Put Rights. Notwithstanding anything in this Agreement to the contrary, (i) Holder shall not have a Put with respect to any Shares if and so long as the Common Stock is Publicly Traded and (ii) BCSG shall not be required to purchase any Shares pursuant to a Put to the extent that BCSG is then prohibited from doing so by law or by any agreement to which it is bound.
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Limitations on Put Rights. Notwithstanding any other provision ------------------------- in Section 9.1(a) or 9.1(b), any Put Notice must be given before the filing of a Form S-1 Registration Statement by the Company with respect to the Qualified MLP Offering. Notwithstanding the foregoing sentence, (a) the provisions of Section 8.2 of this Agreement shall apply at all times upon the occurrence of any Event of Default, whether before or after the filing of a Form S-1 Registration Statement with respect to the Qualified MLP Offering, (b) the provisions of Section 9.7 shall apply at all times, whether before or after the filing of the Form S-1 Registration Statement with respect to the Qualified MLP Offering, and (c) in the event that the Form S-1 Registration Statement with respect to the Qualified MLP Offering is not declared effective by the Commission within one hundred eighty (180) days after the filing date, then each Investor shall have the right to sell to the Company (and the Company agrees to repurchase from each Investor) such Investor's Securities upon the terms and conditions set forth in Sections 9.1, 9.3, 9.4, and 9.5, and such right shall remain in effect until the earlier of (a) the effective date of such Form S-1 Registration Statement or (b) the Company files any subsequent Form S-1 Registration Statement with respect to a Qualified MLP Offering; provided, that if any -------------- subsequent Form S-1 is not declared effective by the Commission within one hundred eight (180) days after the filing date, then each Investor shall again have the right to sell to the Company (and the Company agrees to repurchase from each Investor) such Investor's Securities upon the terms and conditions set forth in Sections 9.1, 9.3, 9.4, and 9.5.
Sample 1
Limitations on Put Rights. The Company’s obligation to purchase an Individual Member’s Units pursuant to Section 8.1(a) shall be limited to the number of Units that can be purchased without causing the Company to become insolvent (as defined under applicable law), or to violate any covenants under any credit facility or other agreement to which the Company is a party, upon the closing of such purchase obligation (as reasonably determined by the Board of Managers). Notwithstanding the foregoing, if an Initial Individual Member’s estate or personal representative is exercising the put rights under Section 8.1(a) due to such Initial Individual Member’s death, the Majority Member will purchase the Initial Individual Member’s Units on the same terms as the Company would be obligated to do so in the event that such purchase by the Company would violate the limitations set forth in this Section 8.1(b).
Sample 1

Related to Limitations on Put Rights

  • Limitations on Powers Notwithstanding any other provision of this Agreement and any provision of law, the Company shall not engage in any business or activity other than as set forth in this Agreement.

  • Limitations on Rights of Others The provisions of this Agreement are solely for the benefit of the Owner Trustee, the Depositor, the Certificateholder, the Servicer and, to the extent expressly provided herein, the Trustee, the Trust Collateral Agent and the Noteholders, and nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Owner Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

  • Limitations on Use Each Party shall use, and cause each of its Affiliates, its licensees and its sublicensees to use, any Confidential Information obtained by such Party from the other Party, its Affiliates, its licensees or its sublicensees, pursuant to this Agreement or otherwise, solely in connection with the activities or transactions contemplated hereby.

  • Limitations on Debt Create, incur, assume or suffer to exist any Debt except:

  • Limitations on Interest It is expressly the intent of Landlord and Tenant at all times to comply with applicable law governing the maximum rate or amount of any interest payable on or in connection with this Lease. If applicable law is ever judicially interpreted so as to render usurious any interest called for under this Lease, or contracted for, charged, taken, reserved, or received with respect to this Lease, then it is Landlord’s and Tenant’s express intent that all excess amounts theretofore collected by Landlord be credited on the applicable obligation (or, if the obligation has been or would thereby be paid in full, refunded to Tenant), and the provisions of this Lease immediately shall be deemed reformed and the amounts thereafter collectible hereunder reduced, without the necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount otherwise called for hereunder.

  • Limitations on Transferability This Agreement is personal to the Grantee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution.

  • Limitations on Rights of Participants A Participant shall not be entitled to receive any greater payment under Section 2.12 or 2.13 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.14 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.14(e) as though it were a Lender.

  • Limitations on Liens Create, incur, assume or suffer to exist, any Lien on or with respect to any of its assets or properties (including, without limitation, shares of Capital Stock), real or personal, whether now owned or hereafter acquired, except:

  • Limitations on Transfers (a) The Participant may not direct a transfer with regard to his Participant Account's share of any Investment Option in an amount less than $500 or the Participant Account's entire share, if less than $500. If such a transfer reduces the Participant Account's remaining share of an Investment Option to less than $500, the entire remaining share shall also be transferred.

  • Limitations on Investments The Company will not, and will not permit any of its Subsidiaries to, make any Investment other than (i) a Permitted Investment or (ii) an Investment that is made as a Restricted Payment in compliance with Section 4.7 hereof.

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