Common use of Limitations on Distributions Clause in Contracts

Limitations on 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. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 12 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Crestwood Equity Partners LP), Contribution Agreement (Consolidated Edison Inc)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to any Member or Assignee on account of its interest in the Company if such distribution would violate Section 18-607 of the Delaware Act or other applicable law. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Einstein Noah Bagel Corp), Limited Liability Company Agreement (Einstein Noah Bagel Corp)

Limitations on 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. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Libbey Inc)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company Company, and the Board on behalf of 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. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware ActLaw.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Coca-Cola Consolidated, Inc.)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a any distribution to any Member on account of its interest in the Company Members if such distribution would violate Section 18-607 of the Delaware Act or other Applicable Law or if such distribution is prohibited by the LLC’s then-applicable law. All distributions required to be made under this Agreement shall be made subject to Sections 18debt-607 and 18-804 of the Delaware Actfinancing agreements.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Lendway, Inc.)

Limitations on 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 lawLaw. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Voyager Technologies, Inc./De)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, (a) the Company shall will not make a distribution to any Member on account in respect of its interest in the Company such Member's ownership of a Member Interest if such distribution would violate Section 18-607 of the Delaware Act or other applicable law. All distributions required , and (b) the Company will not make any distribution to be made under this Agreement shall be made subject the extent prohibited by any loan agreement or any other financing agreement with any lender to Sections 18-607 and 18-804 of the Delaware ActCompany.

Appears in 1 contract

Sources: Operating Agreement (OCM Growth Holdings LLC)

Limitations on 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. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Legacy Reserves L P)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution Distribution (including a Dividend) to any Member on account of its interest in the Company Interest if such distribution Distribution would violate Section 18-607 of the Delaware Act or other applicable law. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Enserch Exploration Inc /Tx/)

Limitations on Distributions. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company such Member's Units if such distribution would violate Section 18-607 of the Delaware Act or other applicable law. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 1 contract

Sources: Operating Agreement (Sea Coast Foods, Inc.)

Limitations on 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 with respect to such Member's Interest if such distribution would violate Section 18-607 of the Delaware Act or other applicable law. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Commodore Applied Technologies Inc)

Limitations on 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 Membership Interest in the Company if such distribution would violate Section 18-18 607 of the Delaware Act or other applicable law. All distributions required to be made under this Agreement shall be made subject to Sections 18-607 and 18-804 of the Delaware Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Clarion Partners Property Trust Inc.)