Amendment of Restrictions. The restrictions set forth in Section 5.2 hereof are fundamental to the operation and activities of the Trust and may not be changed without the consent of a majority of the Participants, except that such restrictions may be changed by the Trustees so as to make them more restrictive when necessary to conform the investment program and activities of the Trust to the laws of the State of Florida and the United States as they may from time to time be amended.
Amendment of Restrictions. The restrictions set forth in Section 4.2 hereof are fundamental to the operation and activities of the Fund and may not be changed without the affirmative vote of a majority of the Participants entitled to vote, except that such restrictions may be changed by the Commission so as to make them more restrictive when necessary to conform the investment program and activities of the Fund to the Laws of the State of Wisconsin and the United States of America as they may from time to time be amended.
Amendment of Restrictions. The Restricted Person agrees that the restrictions in this clause 7 are reasonable. Nevertheless, if any of the restrictions are found to be void but would be valid if reduced in scope or deleted in part, the relevant restriction will apply with such reduction or deletion as is necessary to make it valid and enforceable. 8 Post-completion actions
8.1 To the extent that any Seller remains appointed as a director of any Group Company following Completion:
(a) such Seller shall (i) tender their resignation from such position at the next board meeting of the relevant Group Company and (ii) confirm in writing to the relevant Group Company that all the remuneration and expenses due to such Seller as a result of such position has been duly paid to that date (other than accrued salary and expenses for the month in which the resignation takes effect) and that such Seller has no claim or right of action against the relevant Group Company or any of its subsidiaries, officers or employees for breach of contract, compensation for loss of office or on any other account whatsoever and that there is no agreement or arrangement outstanding under which the relevant Group Company or any of its subsidiaries, officers or employees has or could have any obligation to such Seller and such Seller shall irrevocably waive any such claim or right of action and release and forever discharge the relevant Group Company, its officers and employees from all and any liability in respect thereof;
(b) such Seller shall execute any documents and do all such acts and things as the Buyer may reasonable require to obtain approval of their resignation and appoint in their stead the Buyer’s nominated directors to the board of the relevant Group Company;
(c) such Seller shall obtain the prior written (including by email) consent of the Buyer before exercising any of the rights, powers and privileges attaching to their position or taking any action in their capacity as director of secretary of any Group Company following Completion unless such action is already provided for, or contemplated by, this clause 8; and
(d) such Seller shall indemnify and hold harmless the Buyer against all losses it or any member of the Group may suffer or incur relating to or arising from any action referred to in (c) above which is undertaken not in accordance with the provisions of that clause.
Amendment of Restrictions. The restrictions set forth in section 4.2 hereof are fundamental to the operation and activities of the Trust and may not be changed without the affirmative APPROVAL OF THE MAJORITY OF UNITS HELD BY PARTICIPANTS, AS STATED IN SECTION 8.1, except that such restrictions may be changed by the Trustees so as to make them more restrictive when necessary to conform the investment program and activities of the Trust to the laws of the State of Iowa and the United States of America as they may from time to time be amended.
Amendment of Restrictions. If any court shall determine the duration or any other aspect of any restriction contained in this Section 8 is unenforceable, it is the intention of the parties that the restrictions set forth in this Section 8 shall not thereby be terminated, but shall be deemed amended to the extent required to render them valid and enforceable, such amendment to apply only with respect to the operation of this Section 8 in the jurisdiction of the court which has made such adjudication.
