Amendments by Members. Except as provided in Section 11.1, amendments to this Agreement shall be made only upon the consent of the Required Members. Except as set forth in this Section 11.2, no amendment shall be made pursuant to Section 11.1 which would materially and adversely affect the federal income tax treatment to be afforded each Member, materially and adversely affect the 34 39 Membership Interests and liabilities of each Member as provided herein, materially change the purposes of the Company, extend or otherwise modify the term of the Company, or materially change the method of allocations and distributions as provided in Article VI and Article VII.
Amendments by Members. This Agreement may be amended or repealed at a meeting of members, provided that the proposed amendments are stated in the notice of the meeting at which the amendments are to be adopted Cooperative’s Articles comply with the Act and were filed with the Secretary of the State of Georgia on June 12, 2013.
Amendments by Members. A proposed amendment will be voted upon at either an annual meeting or a special meeting of the Members duly called for the purpose of voting on the amendment. Such votes will be made as provided in Article VI. Upon the Members’ approval of any amendment, all Members will be deemed to have consented to and will be bound by the terms and provisions thereof.
Amendments by Members. 30 Section 14.3
Amendments by Members. This Agreement may be adopted, amended, altered, or repealed by the written consent of the members.
Amendments by Members. This Agreement may not be modified or amended in a manner that is materially adverse to the Members without the written consent of the Members holding a Required Interest. No provision in this Agreement may be amended to (a) reduce the vote of the Members required to approve or consent to any matter except by a vote of the Members that would be sufficient to approve or consent to such matter; or (b) modify the allocation of Profit or Loss or distributions to any Member (including the Special Members) or require a Member to make a Capital Contribution (except as required by this Agreement) without the written consent of such Member or Special Member. The admittance of new Members or the dilution of Percentage Interests or other rights of Members occasioned by the increase in Membership Interests in accordance with the terms of this Agreement or the admittance of such new Members shall not constitute a materially adverse effect on a Member for purposes of this Section 13.1
Amendments by Members. A proposed amendment must be approved by both the Members. It shall be voted upon at a meeting of the Members duly called for the purpose of voting on the amendment and shall be approved by the Members if approved by a Two Thirds Vote of the Units. Upon approval of any amendment, all Members shall be bound by the terms and provisions thereof as if they had so consented.
Amendments by Members. A proposed amendment shall be voted upon at either an annual meeting or a special meeting of the Members duly called for the purpose of voting on the amendment. Such votes shall be exercised as providing in Article 4. Amendments shall be approved by a Super-Majority in Interest of the Voting Interest Members, and upon approval of any amendment, all Members, whether or not they consents to such amendment, shall be deemed to have consented to and shall be bound by the terms and provisions thereof as if they had so consented. For purposes of this provision a Super-Majority shall be not less than 80% of the Voting Interests of the Members.
Amendments by Members. (a) This Agreement may be amended by the Manager and without the consent or approval of the Members if such amendment is (i) for the purpose of admitting a substituted Member, (ii) for the purpose of clarification and does not change the substance hereof and the Company has obtained the opinion of its counsel to that effect; or (iii) necessary or appropriate in the opinion of counsel for the Company, to satisfy the requirements of the Internal Revenue Code with respect to partnerships or of any federal or state securities laws or regulations, provided such amendment does not adversely affect the interests of Members. Any amendment under subsection (ii) hereof shall, to the extent necessary to satisfy the purposes therein described, be effective as of a date earlier than the date of its filing.
Amendments by Members. This Agreement may be adopted, amended, altered, or repealed by the vote at a meeting of the Members at which a quorum is present or written consent of a majority of the LLC Interests then outstanding.
