Common use of Prohibition on Distributions Clause in Contracts

Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution pursuant to this Article 4: 4.7.1. unless there is sufficient cash available therefor (including as a result of borrowing); 4.7.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act.

Appears in 9 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (BPY Bermuda Holdings IV LTD), Limited Partnership Agreement (Brookfield Business Partners L.P.)

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Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution pursuant to this Article 4: 4.7.1. unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Brookfield Renewable Partners L.P.), Limited Partnership Agreement, Limited Partnership Agreement (Brookfield Renewable Energy Partners L.P.)

Prohibition on Distributions. The Managing General Partner shall not cause the Partnership to make any distribution of Available Cash pursuant to this Article 45: 4.7.15.6.1. unless there is sufficient cash available therefor (including as a result of borrowing); 4.7.25.6.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.35.6.3. which, in the opinion of the Managing General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Brookfield Business Partners L.P.), Limited Partnership Agreement, Limited Partnership Agreement (Brookfield Business Partners L.P.)

Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution pursuant to this Article 45: 4.7.15.6.1. unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.25.6.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.35.6.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Brookfield Renewable Partners L.P.), Limited Partnership Agreement (Brookfield Renewable Energy Partners L.P.), Limited Partnership Agreement (Brookfield Renewable Energy Partners L.P.)

Prohibition on Distributions. The Managing General Partner shall not cause the Partnership to make any distribution pursuant to this Article 45: 4.7.1. 5.6.1 unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.2. 5.6.2 which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.3. 5.6.3 which, in the opinion of the Managing General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Actobligations.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution pursuant to this Article 4: 4.7.1. 4.4.1 unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.2. 4.4.2 which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.3. 4.4.3 which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Actobligations.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution of Available Cash pursuant to this Article 45: 4.7.15.6.1. unless there is sufficient cash available therefor (including as a result of borrowing); 4.7.25.6.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.35.6.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Brookfield Property Partners L.P.), Limited Partnership Agreement (Brookfield Property Partners L.P.)

Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution pursuant to this Article 45: 4.7.15.6.1. unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.25.6.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.35.6.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

Prohibition on Distributions. The Managing General Partner shall not cause the Partnership to make any distribution of Available Cash pursuant to this Article 45: 4.7.15.5.1. unless there is sufficient cash available therefor (including as a result of borrowing); 4.7.25.5.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.35.5.3. which, in the opinion of the Managing General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act. (f) Section 5.6 is hereby deleted in its entirety.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (Brookfield Property Partners L.P.)

Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution pursuant to this Article 4: 4.7.14.4.1. unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.24.4.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.34.4.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Actobligations.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

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Prohibition on Distributions. The General Partner shall will not cause the Partnership to make any distribution pursuant to this Article 49: 4.7.1. (a) unless there is are sufficient cash Assets available therefor (including as a result of borrowing)therefor; 4.7.2. (b) which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.3. (c) which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds or Assets to meet any future or contingent obligations or which would contravene the Limited Partnership Act.

Appears in 1 contract

Samples: Arrangement Agreement (Mogo Inc.)

Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution pursuant to this Article 4: 4.7.1. unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act. 5.1 Management

Appears in 1 contract

Samples: Limited Partnership Agreement

Prohibition on Distributions. The Managing General Partner shall not cause the Partnership to make any distribution pursuant to this Article 45: 4.7.15.6.1. unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.25.6.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.35.6.3. which, in the opinion of the Managing General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Actobligations.

Appears in 1 contract

Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

Prohibition on Distributions. The General Partner shall will not cause the Partnership to make any distribution pursuant to this Article 49: 4.7.1. (a) unless there is sufficient cash available therefor (including as a result of borrowing); 4.7.2. (b) which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.3. (c) which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Partnerships Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (Brookfield Property Partners L.P.)

Prohibition on Distributions. The Managing General Partner shall not cause the Partnership to make any distribution pursuant to this Article 45: 4.7.1. 5.6.1 unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.2. 5.6.2 which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Act.

Appears in 1 contract

Samples: Limited Partnership Agreement

Prohibition on Distributions. The General Partner shall not cause the Partnership to make any distribution pursuant to this Article 45: 4.7.15.6.1. unless there is sufficient cash available therefor (including as a result of borrowing)therefor; 4.7.25.6.2. which would render the Partnership unable to pay its debts as and when they fall due; or 4.7.35.6.3. which, in the opinion of the General Partner, would or might leave the Partnership with insufficient funds to meet any future or contingent obligations or which would contravene the Limited Partnership Actobligations.

Appears in 1 contract

Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)

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