Restriction on Distributions. No distribution may be made if, after giving effect to the distribution, the Company would not be able to pay its debts as they become due in the usual course of business.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
Restriction on Distributions. No distribution may shall be made if, after giving effect to the distribution, distribution the Company would not be able to pay its debts as they become due in the usual course of business.
Appears in 3 contracts
Sources: Operating Agreement (Shasta Power Fund II, LLC), Operating Agreement (Shasta Power Fund II, LLC), Operating Agreement (Stock-Wars LLC)
Restriction on Distributions. No distribution may shall be made if, after giving effect to the such distribution, the :
(a) The Company would not be able to pay its debts as they become due in the usual course of business; or
(b) The Company’s total assets would be less than the sum of its total liabilities.
Appears in 1 contract
Sources: Operating Agreement (Targeted Medical Pharma, Inc.)
Restriction on Distributions. A. No distribution may shall be made if, after giving effect to the distribution, the :
21 24 (i) The Company would not be able to pay its debts as they become due in the usual course of business.
Appears in 1 contract