Amendments Not Allowable. Unless approved by Investors holding a majority of the Shares affected thereby, no amendment to this Agreement shall be permitted if, in the opinion of counsel to the Fund (unless such counsel is disapproved by such majority), the effect of such amendment would be to: (a) increase the duties or liabilities of any Investor; (b) change the interest of any Investor hereto in the assets, profits, or losses of the Fund, except as otherwise provided herein; or (c) in any way adversely affect the federal income tax status of the Fund.
Appears in 5 contracts
Samples: Operating Agreement (Vcvillage Com Opportunity Fund LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC)
Amendments Not Allowable. Unless approved by Investors holding a majority Majority In Interest of the Shares affected therebyInvestors, no amendment to this Agreement shall be permitted if, in the opinion of counsel to the Fund (unless such counsel is disapproved by such majorityMajority In Interest of the Investors), the effect of such amendment would be to:
(a) increase the duties or liabilities of any Investor;
(b) change the interest of any Investor hereto in the assets, profits, or losses of the Fund, except as otherwise provided herein; or
(c) in any way adversely affect the federal income tax status of the Fund.
Appears in 1 contract
Samples: Operating Agreement (Vcvillage Com Opportunity Fund LLC)
