Common use of Elimination or Modification of Restrictions Clause in Contracts

Elimination or Modification of Restrictions. Notwithstanding any of the foregoing provisions of this Article 7, the Managers shall amend this Agreement to eliminate or modify any restriction on substitution or assignment at such time as the restriction is no longer necessary.

Appears in 9 contracts

Samples: Limited Liability Company Operating Agreement (Redwood Mortgage Investors IX), Limited Liability Company Operating Agreement (Redwood Mortgage Investors IX), Limited Liability Company Operating Agreement (Redwood Mortgage Investors IX)

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Elimination or Modification of Restrictions. Notwithstanding any of the foregoing provisions of this Article 7X, the Managers shall amend this Agreement to eliminate or modify any restriction on substitution or assignment at such time as the restriction is no longer necessarynecessary or advisable.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC), Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC)

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