Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor the Managing Member, on behalf of the Company, shall make a distribution to any Holder if such distribution would violate the Act or other applicable law.
Appears in 22 contracts
Samples: Operating Agreement (Lineage, Inc.), Operating Agreement (Lineage, Inc.), Operating Agreement (Healthpeak Properties, Inc.)
Restricted Distributions. Notwithstanding any provision anything to the contrary contained in this Agreementherein, neither the Company nor Company, and the Managing Member, Board of Managers on behalf of the Company, shall not make a distribution to any Holder Member if such distribution would violate the Act or other applicable lawLaw.
Appears in 13 contracts
Samples: Purchase Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor the Managing Member, on behalf of the Company, shall make a distribution to any Holder Member on account of its Membership Interest or interest in LLC Units if such distribution would violate Section 18-607 of the Act or other applicable law.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (Healthpeak Properties, Inc.), Limited Liability Company Agreement (Hcp, Inc.), Limited Liability Company Agreement (Hcp, Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor the Managing MemberBoard, on behalf of the Company, shall make a distribution to any Holder if such distribution would violate the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Mobile Infrastructure Corp), Agreement and Plan of Merger (Mobile Infrastructure Corp)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor the Managing Member, on behalf of the Company, shall make a distribution to any Holder Member on account of its Membership Interest or interest in LLC Units if such distribution would violate the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Real Estate Corp)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor the Managing MemberManager, on behalf of the Company, shall make a distribution to any Holder if such distribution would violate the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Alexander & Baldwin, Inc.), Operating Agreement (Five Point Holdings, LLC)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor and the Managing MemberManager, on behalf of the Company, shall not make a distribution to any Holder Member on account of its interest in the Company if such distribution would violate the Act or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Nexpoint Diversified Real Estate Trust)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor the Operating Managing Member, on behalf of the Company, shall make a distribution to any Holder if such distribution would violate the Act or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Five Point Holdings, LLC)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor Company, and the Managing Member, Member on behalf of the Company, shall not make a distribution to any Holder Member on account of its interest in the Company if such distribution would violate the Act or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Reckson Operating Partnership Lp)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor the Managing Member, on behalf of the Company, shall make a distribution to any Holder if such distribution would violate the Act or other applicable lawLaw.
Appears in 1 contract
Samples: Business Combination Agreement (FTAC Athena Acquisition Corp.)
