Amendment by Board. Should the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation subsequently delete any of its respective requirements which necessitate the provisions of this Article or make any such requirements less stringent, the Board, without approval of the Owners, may record an amendment to this Article to reflect such changes.
Amendment by Board. Despite any other provision in this Agreement, the Board may amend this Agreement without the approval of the Signatories in the manner necessary to maintain the Pension Plan’s registration under the PBSA and the ITA, or as is otherwise necessary to comply with applicable law.
Amendment by Board. Despite any other provision in this Joint Trust Agreement, the Board may after consulting with the Partners amend this Joint Trust Agreement in the manner necessary to maintain the Pension Plan’s registration under the PBSA and the ITA, or as is otherwise necessary to comply with applicable law.
Amendment by Board. The Board reserves the right at any time to amend the terms and conditions set forth in this Stock Option Addendum and the Board may amend the 1999 Stock Incentive Plan in any respect.
Amendment by Board. Without in any way limiting Section 16.1 above, the Board may cause this Agreement to be amended, by causing an instrument of amendment to be executed and giving each Member notice thereof, without the consent of any Member:
(a) to effect changes of an inconsequential or ministerial nature that do not materially adversely affect the rights or interests of any of the Members;
(b) to cure any ambiguity or correct or supplement any provisions hereof which may be inconsistent with any other provision hereof or to correct any printing or clerical errors or omissions so long as such amendment under this Section 16.2(b) does not adversely affect the rights or interests of any of the Members;
(c) to give effect to the admission, redemption, or withdrawal of Members in accordance with the terms hereof;
(d) to make changes to this Agreement negotiated with partners or other beneficial owners admitted to the Company after the Effective Date so long as such changes do not materially and adversely affect the rights or interests of any existing Member;
(e) to add to the representations, duties or obligations of the Board or surrender any right or power granted to the Board herein, for the benefit of the Members;
(f) to satisfy any requirements, conditions, guidelines, comment or opinions contained in any applicable opinion, directive, order, ruling, comment letter or regulation of any governmental authority (including, without limitation, the U.S. Securities and Exchange Commission, the U.S. Internal Revenue Service, or any other federal or state or non-U.S. governmental agency) or in any applicable statute or law (including, without limitation, any federal or state or non-U.S. statute), compliance with which the Board deems to be in the best interests of the Company and the Members, provided, that the Board reasonably determines that such amendment is not likely to have a material adverse impact on the likelihood that the Company will achieve its investment objectives;
