Common use of AUTOMATIC PROVISIONS Clause in Contracts

AUTOMATIC PROVISIONS. If the Conversion Approval has not occurred within 135 days after the date hereof, then, effective as of the next succeeding day (the “Class D Distribution Increase Date”) until the Conversion Approval is obtained, Section 5.11(b) will be deemed to be amended in its entirety, automatically and without further action, as follows:

Appears in 5 contracts

Samples: Operating Agreement (Atlas Energy Resources, LLC), Operating Agreement (Atlas Resources Public #16-2007 (A) L.P.), Class D Unit and Common Unit Purchase Agreement (Atlas Energy Resources, LLC)

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