Restricted Distributions. Notwithstanding anything to the contrary contained herein, the Company, and the Board of Managers on behalf of the Company, shall not make a distribution to any Member if such distribution would violate the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Trxade Group, Inc.), Contribution Agreement (Trxade Group, Inc.)
Restricted Distributions. Notwithstanding anything to the contrary contained herein, the Company, and the Board of Managers Manager on behalf of the Company, shall not make a distribution distributions to any Member on account of its Units if such distribution would violate the Act or other applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Restricted Distributions. Notwithstanding anything any provision to the contrary contained hereinin this Agreement, the Company, and the Board of Managers Manager on behalf of the Company, shall will not make a distribution to any Member on account of such Member’s interest in the Company if such distribution would violate the Act or other applicable law.
Appears in 1 contract
Samples: CaliberCos Inc.
Restricted Distributions. Notwithstanding anything to the contrary contained herein, the Company, and the Board of Managers Manager on behalf of the Company, shall not make a distribution distributions to any Member on account of its Units if such distribution would violate the Act or other applicable law.law.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Restricted Distributions. Notwithstanding anything to the contrary contained herein, the Company, and the Board of Managers on behalf of the Company, shall not make a distribution to any Member if such distribution would violate the Act or Act, other applicable lawlaw or any credit facility to which the Company or its Subsidiaries are party to from time to time.
Appears in 1 contract
Restricted Distributions. Notwithstanding anything to the contrary contained herein, the Company, and the Board of Managers Managing Member on behalf of the Company, shall not make a distribution to any Member if such distribution would violate the Act or other applicable law.. Withholding Tax Payments and Obligations. In the event that withholding taxes are paid or required to be paid in respect of amounts distributed, or distributive share allocated, by the Company, such payments or obligations shall be treated as follows:
Appears in 1 contract
Samples: Limited Liability Company Agreement (J. Alexander's Holdings, Inc.)
Restricted Distributions. Notwithstanding anything to the contrary contained herein, the Company, and the Board of Managers on behalf of the Company, shall not make a distribution to any Member on account of its Units if such distribution would violate the Act or other applicable law.. Section 5.07
Appears in 1 contract
Samples: Appgate, Inc.
Restricted Distributions. Notwithstanding anything to the contrary contained herein, the Company, and the Board of Managers on behalf of the Company, shall not make a distribution to any Member on account of its Membership Units if such distribution would violate the Act or other applicable lawLaw.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Albany International Corp /De/)
