Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of the Credit Agreement.
Appears in 27 contracts
Samples: Limited Liability Company Agreement (Infinity Natural Resources, Inc.), Limited Liability Company Agreement (Permian Resources Corp), Merger Agreement (Permian Resources Corp)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of the Credit AgreementLaw.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Bounty Minerals, Inc.), Operating Agreement (Greenlane Holdings, Inc.), Limited Liability Company Agreement (VictoryBase Corp)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of any other agreement to which the Credit AgreementCompany is a party.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Alpine Summit Energy Partners, Inc.), Limited Liability Company Agreement (Acreage Holdings, Inc.), Limited Liability Company Agreement (Acreage Holdings, Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution a distribution to any Member on account of any such Member’s Interest in the Company Interest if such Distribution distribution would violate any applicable Law or the terms Section 18-607 of the Credit AgreementAct or other applicable Law.
Appears in 6 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (PennyMac Financial Services, Inc.), Limited Liability Company Agreement (ZAIS Group Holdings, Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of the Credit AgreementAgreements.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Neff Corp), Limited Liability Company Agreement (Neff Corp), Credit Agreement (Neff Corp)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution or Sharing Payment to any Member on account of any Company Interest if such Distribution or Sharing Payment would violate any applicable Law or the terms of the Credit AgreementLaw.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Baker Hughes Holdings LLC), Limited Liability Company Agreement (Baker Hughes a GE Co), Limited Liability Company Agreement (BAKER HUGHES a GE Co LLC)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of the Credit AgreementAgreements or result in a default (or an event that, with notice or the lapse of time or both, would constitute a default) thereunder.
Appears in 3 contracts
Samples: Merger Agreement (Amneal Pharmaceuticals, Inc.), Limited Liability Company Agreement (Amneal Pharmaceuticals, Inc.), Limited Liability Company Agreement (Amneal Pharmaceuticals, Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution when made in accordance with the other provisions of this Agreement would violate any applicable Law or the terms of the Credit Agreementcause a breach or default under any Specified Contract.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Graphic Packaging International, LLC), Transaction Agreement (Graphic Packaging Holding Co), Transaction Agreement (International Paper Co /New/)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if to the extent such Distribution would render the Company insolvent or violate any applicable Law or the terms of the Credit AgreementAgreements.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (EVO Payments, Inc.), Limited Liability Company Agreement (EVO Payments, Inc.), Limited Liability Company Agreement (EVO Payments, Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of the Credit AgreementAgreement or result in a default (or an event that, with notice or the lapse of time or both, would constitute a default) thereunder.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Amneal Pharmaceuticals, Inc.), Business Combination Agreement (Impax Laboratories Inc), Business Combination Agreement (Impax Laboratories Inc)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or Law, the terms of the Credit AgreementAgreement or any other agreement to which the Company or any subsidiary of the Company is subject.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (iPic Entertainment Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution distribution to any Member on account CARET Holder in respect of any Company Interest its CARET Units if such Distribution distribution would violate any the Act or other applicable Law or the terms of the Credit Agreementlaw.
Appears in 1 contract
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if if such Distribution would violate any applicable Law or the terms of any other agreement to which the Credit AgreementCompany is a party.
Appears in 1 contract
Samples: Operating Agreement
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of any Credit Agreement or result in a default (or an event that, with notice or the Credit Agreementlapse of time or both, would constitute a default) thereunder.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Liberty Tax, Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution a distribution to any Member on account of any such Member’s interest in the Company Interest if such Distribution distribution would violate any applicable Law or the terms of the Credit Agreementlaw.
Appears in 1 contract
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of any other agreement to which the Credit Agreement.Company is a party. ARTICLE V.
Appears in 1 contract
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of any indenture, mortgage, deed of trust, loan agreement, license, lease or other agreement or instrument to which the Credit AgreementCompany is bound.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Philadelphia Energy Solutions Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest Units if such Distribution would render the Company insolvent or otherwise violate any applicable Law or the terms of the Credit AgreementLaw.
Appears in 1 contract
Samples: Equity Transfer and Acquisition Agreement (Chart Acquisition Corp.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to any Member on account of any Company Interest if such Distribution would violate any applicable Law or the terms of any other agreement to which the Credit Agreement.Company is a party.
Appears in 1 contract
Samples: Limited Liability Company Agreement
