Common use of No Unlawful Distributions Clause in Contracts

No Unlawful Distributions. Despite any provision to the contrary in this Agreement, the Company must not make any distribution that would violate any contract or agreement to which the Company is then a party or any law, rule, regulation, order or directive of any Governmental Authority then applicable to the Company.

Appears in 3 contracts

Samples: Amended Operating Agreement (Efund City Metro Income Fund LLC), Operating Agreement (Efund City Metro Income Fund LLC), Operating Agreement (Efund City Metro Income Fund LLC)

AutoNDA by SimpleDocs

No Unlawful Distributions. Despite any provision to the contrary in this Agreement, the Company must not make any distribution that would violate any contract or agreement to which the Company is then a party or any law, rule, regulation, order order, or directive of any Governmental Authority then applicable to the Company.

Appears in 1 contract

Samples: Operating Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.