Changes in Delaware Law. References in this Section 13 to law shall be to such law as it existed on the date this Agreement was executed or as such law thereafter may be changed; provided that (i) in the case of any change which limits the indemnification rights or the rights to advancement of expenses which the Company may provide, the rights to indemnification and to the advancement of expenses provided in this Section 13 shall continue as theretofore agreed upon to the extent permitted by law; and (ii) if such change permits the Company without the requirement of any further action by the Member to provide broader indemnification rights or rights to the advancement of expenses than the Company was permitted to provide prior to such change, then the rights to indemnification and the advancement of expenses shall be so broadened to the extent permitted by law.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (DTWC Spokane City Center SPE, LLC), Operating Agreement (DTWC Spokane City Center SPE, LLC), Operating Agreement (DTWC Spokane City Center SPE, LLC)
Changes in Delaware Law. References in this Section 13 14 to Delaware law or to any provision thereof shall be to such law as it existed on the date this Agreement was executed or as such law thereafter may be changed; provided that (ia) in the case of any change which limits the indemnification rights or the rights to advancement of expenses which the Company may provide, the rights to indemnification and to the advancement of expenses provided in this Section 13 14 shall continue as theretofore agreed upon to the extent permitted by law; and (iib) if such change permits the Company without the requirement of any further action by Members or the Member Manager to provide broader indemnification rights or rights to the advancement of expenses than the Company was permitted to provide prior to such change, then the rights to indemnification and the advancement of expenses shall be so broadened to the extent permitted by law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cascades USA Inc.)