Common use of Amendment and Construction of Agreement Clause in Contracts

Amendment and Construction of Agreement. (a) This Agreement may be amended by the Manager, without notice to or the approval of the Investors, from time to time for the following purposes: (1) to cure any ambiguity, formal defect or omission or to correct or supplement any provision herein that may be inconsistent with any other provision contained herein or in the Memorandum or to effect any amendment without notice to or approval by Investors, as specified in other provisions of this Agreement; (2) to make such other changes or provisions in regard to matters or questions arising under this Agreement that will not materially and adversely affect the interest of any Investor; (3) to otherwise equitably resolve issues arising under the Memorandum or this Agreement, so long as similarly situated Investors are not treated materially differently; (4) to maintain the federal tax status of the Fund and any of its Shareholders (so long as no Investor's liability is materially increased without his consent); (5) as otherwise provided in this Agreement or (6) to comply with law.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Ridgewood Energy U Fund LLC), Operating Agreement Limited Liability Company Agreement (Ridgewood Energy P Fund LLC), Limited Liability Company Agreement (Ridgewood Energy S Fund LLC)

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Amendment and Construction of Agreement. (a) This Agreement may be amended by the Manager, without notice to or the approval of the Investors, from time to time for the following purposes: (1) to cure any ambiguity, formal defect or omission or to correct or supplement any provision herein that may be inconsistent with any other provision contained herein or in the Memorandum or to effect any amendment without notice to or approval by Investors, as specified in other provisions of this Agreement; (2) to make such other changes or provisions in regard to matters or questions arising under this Agreement that will not materially and adversely affect the interest of any Investor; (3) to otherwise equitably resolve issues arising under the Memorandum or this Agreement, Agreement so long as similarly situated Investors are not treated materially differently; (4) to maintain the federal tax status of the Fund and any of its Shareholders (so long as no Investor's liability is materially increased without his consent) or as provided in Section 4.3(d); (5) as otherwise provided in this Agreement or (6) to comply with law.

Appears in 4 contracts

Samples: LLC Operating Agreement (Ridgewood Energy K Fund LLC), LLC Operating Agreement (Ridgewood Enengy K Fund LLC), Operating Agreement (Ridgewood Energy L Fund LLC)

Amendment and Construction of Agreement. (a) This Agreement may be amended by the Manager, without notice to or the approval of the Investors, from time to time for the following purposes: (1) to cure any ambiguity, formal defect or omission or to correct or supplement any provision herein that may be inconsistent with any other provision contained herein or in the Memorandum or to effect any amendment without notice to or approval by Investors, as specified in other provisions of this Agreement; (2) to make such other changes or provisions in regard to matters or questions arising under this Agreement that will not materially and adversely affect the interest of any Investor; (3) to otherwise equitably resolve issues arising under the Memorandum or this Agreement, so long as similarly situated Investors are not treated materially differently; (4) to maintain the federal tax status of the Fund and any of its Shareholders (so long as no Investor's liability is materially increased without his consent) or as provided in Section 4.3(d); (5) as otherwise provided in this Agreement or (6) to comply with law.

Appears in 2 contracts

Samples: Operating Agreement (Ridgewood Energy M Fund LLC), Operating Agreement (Ridgewood Energy M Fund LLC)

Amendment and Construction of Agreement. (a) This Agreement may be amended by the Manager, without notice to or the approval of the Investors, from time to time for the following purposes: (1) to cure any ambiguity, formal defect or omission or to correct or supplement any provision herein that may be inconsistent with any other provision contained herein or in the Memorandum or to effect any amendment without notice to or approval by Investors, as specified in other provisions of this Agreement; (2) to make such other changes or provisions in regard to matters or questions arising under this Agreement that will not materially and adversely affect the interest of any Investor; (3) to otherwise equitably resolve issues arising under the Memorandum or this Agreement, so long as similarly situated Investors are not treated materially differently; (4) to maintain the federal tax status of the Fund and any of its Shareholders (so long as no Investor's liability .liability is materially increased without his consent); (5) as otherwise provided in this Agreement or (6) to comply with law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ridgewood Energy O Fund LLC)

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Amendment and Construction of Agreement. (a) This Agreement may be amended by the Manager, without notice to or the approval of the Investors, from time to time for the following purposes: (1) to cure any ambiguity, formal defect or omission or to correct or supplement any provision herein that may be inconsistent with any other provision contained herein or in the Memorandum or to effect any amendment without notice to or approval by Investors, as specified in other provisions of this Agreement; (2) to make such other changes or provisions in regard to matters or questions arising under this Agreement that will not materially and adversely affect the interest of any Investor; (3) to otherwise equitably resolve issues arising under the Memorandum or this Agreement, so long as similarly situated Investors are not treated materially differently; (4) to maintain the federal tax status of the Fund and any of its Shareholders (so long as no Investor's ’s liability is materially increased without his consent); (5) as otherwise provided in this Agreement or (6) to comply with law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ridgewood Energy v Fund LLC)

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