Common use of Restricted Distributions Clause in Contracts

Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership shall not make any Distribution to any Partner on account of any Limited Partner Interest if such Distribution would violate any applicable Law or the terms of the Credit Agreement or other debt financing of the Partnership or its Subsidiaries.

Appears in 10 contracts

Samples: Business Contribution Agreement (Summit Midstream Corp), Limited Partnership Agreement (Sitio Royalties Corp.), Limited Partnership Agreement (Summit Midstream Corp)

AutoNDA by SimpleDocs

Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership shall not be required to make any Distribution a distribution to any Partner on account of any Limited Partner Interest its interest in the Partnership if such Distribution distribution would violate any applicable Law or the terms Section 17-607 of the Credit Agreement Act or other debt financing of the Partnership or its Subsidiariesapplicable law.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Corporate Property Associates 15 Inc), Limited Partnership Agreement (Corporate Property Associates 15 Inc), Limited Partnership Agreement (Corporate Property Associates 15 Inc)

Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership shall not make any Distribution a distribution to any Partner on account of any Limited Partner its Interest in the Partnership if such Distribution distribution would violate any applicable Law or the terms of the Credit Agreement or other debt financing provisions of the Partnership Act or its Subsidiariesother applicable law.

Appears in 2 contracts

Samples: Partnership Agreement (Fortress Transportation & Infrastructure Investors LLC), Partnership Agreement (Fortress Transportation & Infrastructure Investors LLC)

Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership shall not make any Distribution to any Partner on account of any Limited Partner Interest if such Distribution would violate any applicable Law or the terms of the Existing Credit Agreement or any other Credit Agreement or other debt financing of the Partnership or its SubsidiariesSubsidiaries that is, in each case, effected after the Effective Time in accordance with the terms of this Agreement, including Section 6.01(e).

Appears in 2 contracts

Samples: Limited Partnership Agreement (Kinetik Holdings Inc.), Limited Partnership Agreement (Altus Midstream Co)

AutoNDA by SimpleDocs

Restricted Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Partnership Partnership, and the General Partner on behalf of the Partnership, shall not be required to make any Distribution a distribution to any Partner on account of any Limited Partner Interest its interest in the Partnership if such Distribution distribution would violate any applicable Law or the terms provisions of the Credit Agreement Act or other debt financing of the Partnership or its Subsidiariesapplicable law.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Northeast Energy Associates), Agreement of Limited Partnership (Northeast Energy Associates)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!