No Other Distributions Clause Samples
The "No Other Distributions" clause restricts the parties from making any distributions of assets, profits, or other benefits except as specifically allowed under the agreement. In practice, this means that shareholders, partners, or members cannot receive dividends, payouts, or other forms of distribution unless the contract expressly provides for them. This clause serves to prevent unauthorized or unintended transfers of value, ensuring that all distributions are controlled and in line with the agreed terms, thereby protecting the financial integrity of the arrangement.
No Other Distributions. Except as provided in Sections 2.1, 2.2, 2.3 and 2.4, no other distributions from the Trust Account shall be permitted other than pursuant to Article I(i) above.
No Other Distributions. Subject to the terms of the Intercreditor Agreement, except as provided in this Section 4(c) or Section 5(d), neither the Seller nor the Servicer shall have any right to effect any distributions from the Collection Accounts, and the Seller and the Servicer shall refrain from making any such unauthorized distributions. Notwithstanding anything to the contrary set forth herein, nothing in this Agreement shall restrict or prohibit the Seller (or the Servicer on its behalf) from (x) making withdrawals and distributions from each Collection Account with respect to those amounts identified in clauses (i) and (ii) of the proviso to the definition of Amount on Deposit in the Collection Accounts (until the delivery of an Activation Notice) or (y) transferring any amounts from one Collection Account to another Collection Account.
No Other Distributions. In transferring its property to the Fund, the Agency intends to create a permanent endowment. No distributions in excess of the amount dictated by the application of the Foundation’s spending policy may be made to the Agency in any year.
No Other Distributions. Except as set forth in this Article 11 or Article 13, no Member shall have the right to demand or receive any distribution or other return on capital in respect of its Units or Capital Contribution.
No Other Distributions. Except as provided in this Section 5.1 and in Sections 5.2 and 12.2, no other Distributions shall be permitted.
No Other Distributions. Except as provided in this Section 5.1, Section 5.3, Section 5.4, Section 11.1(d), Section 11.5(e) and Article XII, no other Distributions shall be permitted other than any Distributions made with the consent of all of the Members pursuant to Section 6.3(i).
No Other Distributions. The Company has not distributed and, prior to the later to occur of (i) the Closing Time (as defined below) or any relevant Date of Delivery (as defined below), if any, and (ii) completion of the distribution of the Shares, will not distribute any offering material in connection with the offering and sale of the Shares other than the Registration Statement, the Disclosure Package or the Prospectus.
No Other Distributions. No distributions from the Trust Account shall be permitted other than pursuant to Section 1.3 above.
No Other Distributions. Notwithstanding any other provision of this Distribution Agreement or the Original Partnership Agreement, the Partnership shall not distribute cash or any other Partnership Assets to either Partner or their respective designees except as provided in this Section 6.5.
No Other Distributions. Except as expressly provided in this ---------------------- Agreement, no distributions shall be permitted without the approval of the Class A Limited Partners.