Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its Interest if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.
Appears in 15 contracts
Samples: Limited Liability Company Agreement (BankUnited, Inc.), Limited Liability Company Agreement (BankUnited, Inc.), Limited Liability Company Agreement (CVR Energy Inc)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its Interest interest in the Company if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Warner Music Group Corp.), Limited Liability Company Agreement (Warner Music Group Corp.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its Interest in the Company if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Adesa California, LLC), Limited Liability Company Agreement (IAA Acquisition Corp.), Limited Liability Company Agreement (Carbuyco, LLC)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its Interest such Member's interest in the Company if such distribution would violate Section section 18-607 of the Delaware Act or other applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Global Decisions Group LLC), Limited Liability Company Agreement (Global Decisions Group LLC), Limited Liability Company Agreement (Global Decisions Group LLC)
Restricted Distributions. Notwithstanding any provision to The Company, and the contrary contained in this AgreementManagement Committee on behalf of the Company, the Company shall not be required to make a distribution to any Member on account of its Ownership Interest if and to the extent that such distribution would violate Section 18-607 of the Delaware Act or other applicable lawApplicable Law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Cleco Corp), Limited Liability Company Agreement (Cleco Corp)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, neither the Company nor the Manager, on behalf of the Company, shall not make a distribution to any Member on account of its Interest Holder if such distribution would violate Section 18-607 of the Delaware Act or other applicable lawLaw.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (SmileDirectClub, Inc.), Limited Liability Company Agreement (SmileDirectClub, Inc.)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its Interest Units in the Company if such that distribution would violate Section 18-607 of the Delaware Act or other applicable lawlaw or any Financing Agreement Transaction Documents.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Third Coast Midstream, LLC)
Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member on account of its Interest if such distribution would violate Section 18-607 or 18-804 of the Delaware Act or other applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (South Texas Supply Company, Inc.)
Restricted Distributions. Notwithstanding any provision anything to the contrary ------------------------ contained in this Agreement, the Company Company, and the Management Committee, on behalf of the Company, shall not make a distribution to any Member on account of its Interest if such distribution would violate Section 18-607 of the Delaware Act or other applicable law.
Appears in 1 contract
