Prohibited Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to a Member on account of its interest in the Company if such distribution would violate the Act or any other applicable Law.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Caesars Entertainment Operating Company, Inc.)
Prohibited Distributions. Notwithstanding any provision of this Agreement to the contrary contained in this Agreementcontrary, the Company shall not be required to make a distribution to a Member on account any Distributions prohibited by the terms of its interest in the Company if such distribution would violate the Act or any other applicable LawAct.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Prohibited Distributions. Notwithstanding any provision of this Agreement to the contrary contained in this Agreementcontrary, the Company shall not be required to make a distribution to a Member on account any distributions prohibited by the terms of its interest in the Company if such distribution would violate the Act or any other applicable LawAct.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Boykin Lodging Co), Limited Liability Company Agreement (Sunrise Assisted Living Inc), Limited Liability Company Agreement (Sunrise Assisted Living Inc)
Prohibited Distributions. Notwithstanding any other provision of this Agreement to the contrary contained in this Agreementcontrary, the Company shall not be required to make a any distribution to a Member on account or payment in respect of its an interest in the Company if such distribution or payment would violate the Act or any other applicable Lawlaw.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Magnum Hunter Resources Corp), Limited Liability Company Agreement (PH Holding LLC), Limited Liability Company Agreement (PH Holding LLC)
Prohibited Distributions. Notwithstanding any provision to the contrary contained in this Agreement, including Section 6.9, the Company shall not be required to make a distribution to a Member on account of its interest in the Company if such distribution would violate the Act or any other applicable Law.
Appears in 1 contract
Samples: Limited Liability Company Agreement
