Common use of Restrictions on Distributions Clause in Contracts

Restrictions on Distributions. The foregoing provisions of this Article 6 to the contrary notwithstanding, no distribution shall be made if such distribution would violate any contract or agreement to which the Company is then a party or any law, rule, regulation, order or directive of any governmental authority then applicable to the Company.

Appears in 10 contracts

Samples: Limited Liability Company Operating Agreement (Travelport Holdings, LLC /DE/), Limited Liability Company Operating Agreement (S.D. Shepherd Systems, Inc.), Limited Liability Company Operating Agreement (S.D. Shepherd Systems, Inc.)

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Restrictions on Distributions. The foregoing provisions of this Article 6 to the contrary notwithstanding, no distribution Distribution shall be made if if, and for so long as, such distribution Distribution would violate any contract or agreement to which the Company is then a party or any law, rule, regulation, order or directive of any governmental authority Governmental Authority then applicable to the CompanyGroup.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Brokerage, Inc.)

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Restrictions on Distributions. The foregoing provisions of this Article 6 to the contrary notwithstanding, no distribution Distribution shall be made if if, and for so long as, such distribution Distribution would violate any contract or agreement to which the Company is then a party or any law, rule, regulation, order or directive of any governmental authority Governmental Authority then applicable to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (FXCM Inc.)

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