Amendment or Modification of Operating Agreement Sample Clauses

Amendment or Modification of Operating Agreement. This Operating Agreement may be amended or modified from time to time only by a written instrument adopted by a Member or Members holding at least a Majority of the Membership Units of the Company; provided, however that the unanimous consent or approval of the Members shall be required in order to make an amendment affecting how distributions and allocations under Article X or Article XIV will be made to the Members, an amendment affecting the rights or obligations of the Members with respect to Additional Capital Contributions or an amendment affecting the right of a member to transfer its Membership Units or the purchase price payable for Membership Units under Article XII.
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Amendment or Modification of Operating Agreement. This Operating Agreement may be amended or modified from time to time only by a written instrument adopted by the unanimous written consent of the Members; provided, however, that for so long as any of the Notes are outstanding, any amendment or modification to Article III, Article VII, Article XI, Article XIII or this Article XIV shall require the prior written consent of the Indenture Trustee and each nationally recognized statistical rating agency rating any of the Company's issued and outstanding Notes.
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Amendment or Modification of Operating Agreement. The Operating Agreement may be amended or modified from time to time only by a written instrument executed by all of the Members.
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Amendment or Modification of Operating Agreement. The Operating Agreement, including the Exhibits hereto, may be amended from time to time by the Board in accordance with the rights to make amendments as set forth in the other Articles of the Operating Agreement. In addition, the Operating Agreement may be amended or modified from time to time by a written instrument adopted and executed by the Board and a majority of the Members. No provision in the Operating Agreement may be amended to reduce the vote of the Members required to approve or consent to any matter.
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Amendment or Modification of Operating Agreement. The Operating Agreement may be amended or modified from time to time only by a written instrument adopted and executed by the Managing Member(s) and a Majority of the Members; provided, however, that any amendment to the Operating Agreement which would have the effect of reducing the number of Units of a Member, other than pursuant to specific provisions herein, shall not be effective unless consented to by such Member. Notwithstanding the foregoing, (i) no provision in the Operating Agreement may be amended to reduce the vote of the Members (including the Class B Members as a separate class) required to approve or consent to any matter except by a vote of Members (including the Class B Members as a separate class) which would be sufficient to approve or consent to such matter, and (ii) no provision of Section 7.0.9 or Article XIV shall be amended without the written consent of all of the Class B Members.
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Amendment or Modification of Operating Agreement. This Operating Agreement may be amended or modified from time to time only by a written instrument adopted by the unanimous written consent of its Board of Managers and executed by the unanimous consent of the Members; provided, however, that for so long as any Asset-Backed Securities are outstanding, any amendment or modification to Article III, Article VII(1) and (2), Article XI, Article XII or this Article XIII shall require prior notice to the rating agencies then rating the outstanding Asset-Backed Securities, if any, and confirmation from such rating agencies that such amendment or modification would not result in the qualification, withdrawal of downgrade of any securities rating.
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Related to Amendment or Modification of Operating Agreement

  • Amendment or Modification This Agreement may be amended or modified from time to time only by the written agreement of all the Parties. Each such instrument shall be reduced to writing and shall be designated on its face as an amendment to this Agreement.

  • Amendment or Modification; Waiver No provision of this Agreement may be amended or waived, unless such amendment or waiver is agreed to in writing, signed by the Executive and by a duly authorized officer of the Company. No waiver by any party hereto of any breach by another party hereto of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of a similar or dissimilar condition or provision at the same time, any prior time or any subsequent time.

  • Complete Agreement; Modification of Agreement This Agreement constitutes the complete agreement among the parties hereto with respect to the subject matter hereof, supersedes all prior agreements and understandings relating to the subject matter hereof, and may not be modified, altered or amended except as set forth in Section 8.6.

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • AMENDING OPERATING AGREEMENT This Agreement may only be amended by an affirmative vote or consent of all Members.

  • Amendments to this Sub-Advisory Agreement This Sub-Advisory Agreement may be amended only by a written instrument approved in writing by all parties hereto.

  • Amendments to this Subadvisory Agreement This Subadvisory Agreement may be amended by mutual agreement in writing, subject to approval by the Board of Trustees of the Trust and the Fund’s shareholders to the extent required by the Act.

  • Amendments to Servicing Agreements, Modification of Standard Provisions (a) Subject to the prior written consent of the Trustee pursuant to Section 3.07(b), the Master Servicer from time to time may, to the extent permitted by the applicable Servicing Agreement, make such modifications and amendments to such Servicing Agreement as the Master Servicer deems necessary or appropriate to confirm or carry out more fully the intent and purpose of such Servicing Agreement and the duties, responsibilities and obligations to be performed by the Servicer thereunder. Such modifications may only be made if they are consistent with the REMIC Provisions, as evidenced by an Opinion of Counsel. Prior to the issuance of any modification or amendment, the Master Servicer shall deliver to the Trustee such Opinion of Counsel and an Officer's Certificate setting forth (i) the provision that is to be modified or amended, (ii) the modification or amendment that the Master Servicer desires to issue and (iii) the reason or reasons for such proposed amendment or modification. (b) The Trustee shall consent to any amendment or supplement to a Servicing Agreement proposed by the Master Servicer pursuant to Section 3.07(a), which consent and amendment shall not require the consent of any Certificateholder if it is (i) for the purpose of curing any mistake or ambiguity or to further effect or protect the rights of the Certificateholders or (ii) for any other purpose, provided such amendment or supplement for such other purpose cannot reasonably be expected to adversely affect Certificateholders. The lack of reasonable expectation of an adverse effect on Certificateholders may be established through the delivery to the Trustee of (i) an Opinion of Counsel to such effect or (ii) written notification from each Rating Agency to the effect that such amendment or supplement will not result in reduction of the current rating assigned by that Rating Agency to the Certificates. Notwithstanding the two immediately preceding sentences, the Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment if its own rights, duties or immunities shall be adversely affected. (i) Notwithstanding anything to the contrary in this Section 3.07, the Master Servicer from time to time may, without the consent of any Certificateholder or the Trustee, enter into an amendment (A) to an Other Servicing Agreement for the purpose of (i) eliminating or reducing Month End Interest and (ii) providing for the remittance of Full Unscheduled Principal Receipts by the applicable Servicer to the Master Servicer not later than the 24th day of each month (or if such day is not a Business Day, on the previous Business Day) or (B) to the WFHM Servicing Agreement for the purpose of changing the applicable Remittance Date to the 18th day of each month (or if such day is not a Business Day, on the previous Business Day). (ii) The Master Servicer may direct WFHM to enter into an amendment to the WFHM Servicing Agreement for the purposes described in Sections 3.07(c)(i)(B) and 10.01(b)(iii).

  • Amendment, Modification and Supplement Upon amendment, modification and supplement of this Contract shall be subject to the written agreement executed by each party.

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