Common use of Amendments to Operating Agreement Clause in Contracts

Amendments to Operating Agreement. The Member reserves the right to amend, alter, change or repeal any provision contained in this Operating Agreement in any manner now or hereafter provided herein or by statute; and, except as provided with respect to the indemnification of Managers, all rights, preference and privileges conferred by these Articles upon the Member, Managers, or any other person are granted subject to such right; provided, however, that the Member shall not amend, alter, change or repeal any provision of Sections 1.04, 4.01(a), 4.06, 8.01, 10.01 or Article V (such Sections and Article, the “Restricted Articles”) without the unanimous affirmative vote of the members of the Board of Managers and provided, further, that the Member shall not amend or change any Article so as to be inconsistent with the Restricted Articles.

Appears in 1 contract

Samples: Operating Agreement

AutoNDA by SimpleDocs

Amendments to Operating Agreement. The Member reserves the --------------------------------- right to amend, alter, change or repeal any provision contained in this Operating Agreement in any manner now or hereafter provided herein or by statute; and, except as provided with respect to the indemnification of Managers, all rights, preference and privileges conferred by these Articles upon the Member, Managers, or any other person are granted subject to such right; provided, however, that the Member shall not amend, alter, change or repeal any provision of Sections 1.04, 4.01(a), 4.06, 7.01, 8.01, 10.01 or Article V (such Sections and Article, the "Restricted Articles") without the unanimous affirmative vote of the members of the Board of Managers and provided, further, that the Member shall not amend or change any Article so as to be inconsistent with the Restricted Articles.

Appears in 1 contract

Samples: Operating Agreement (Alliant Energy Corp)

Amendments to Operating Agreement. The Member reserves Members reserve the right to amend, alter, change or repeal any provision contained in this Operating Agreement in any manner now or hereafter provided herein or by statute; and, except as provided with respect to the indemnification of Managers, all rights, preference and privileges conferred by these Articles this Operating Agreement upon the MemberMembers, Managers, or any other person are granted subject to such right; provided, however, that the Member Members shall not amend, alter, change or repeal any provision of Sections 1.04, 4.01(a5.01(a), 4.065.06, 8.01, 10.01 11.01 or Article V VI (such Sections and Article, the “Restricted Articles”) without the unanimous affirmative vote of the members of the Board of Managers and provided, further, that the Member Members shall not amend or change any Article so as to be inconsistent with the Restricted Articles.

Appears in 1 contract

Samples: Operating Agreement

AutoNDA by SimpleDocs

Amendments to Operating Agreement. The Member reserves Members reserve the --------------------------------- right to amend, alter, change or repeal any provision contained in this Operating Agreement in any manner now or hereafter provided herein or by statute; and, except as provided with respect to the indemnification of Managers, all rights, preference and privileges conferred by these Articles this Operating Agreement upon the MemberMembers, Managers, or any other person are granted subject to such right; provided, however, that the Member Members shall not amend, alter, change or repeal any provision of Sections 1.04, 4.01(a5.01(a), 4.065.06, 8.01, 10.01 11.01 or Article V VI (such Sections and Article, the "Restricted Articles") without the unanimous affirmative vote of the members of the Board of Managers and provided, further, that the Member Members shall not amend or change any Article so as to be inconsistent with the Restricted Articles.

Appears in 1 contract

Samples: Operating Agreement (Alliant Energy Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!