Prohibited Distributions. Notwithstanding any provision of this Agreement to the contrary, the Company shall not make any Distributions prohibited by the terms of the Act.
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 contrarycontrary 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 Distributions prohibited by the terms of the Actother 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 other provision of this Agreement to the contrary, the Company shall not be required to make any Distributions prohibited by distribution or payment in respect of an interest in the terms of Company if such distribution or payment would violate the ActAct or any other applicable law.
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 of this Agreement to the contrary, the Company shall not make any Distributions distributions prohibited by the terms of the Act.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Sunrise Assisted Living Inc), Limited Liability Company Agreement (Sunrise Assisted Living Inc), Limited Liability Company Agreement (Boykin Lodging Co)
Prohibited Distributions. Notwithstanding any provision of this Agreement to the contrarycontrary 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 Distributions prohibited by the terms of the Actother applicable Law.
Appears in 1 contract
Samples: Limited Liability Company Agreement
