Common use of Ministerial and Administrative Amendments Clause in Contracts

Ministerial and Administrative Amendments. Notwithstanding the limitations above, ministerial or administrative amendments as may in the discretion of the Manager, be necessary or appropriate and those amendments as may be required by law may be made from time to time without the Consent of any of the Members; provided, however, that no amendment will be adopted pursuant to this Section unless that amendment would not alter, or result in the alteration of, the limited liability of the Members or the status of the Company as a "partnership" for federal income tax purposes.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement, Operating Agreement, Limited Liability Company Agreement

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Ministerial and Administrative Amendments. Notwithstanding the limitations aboveof Article XII.1, ministerial or administrative amendments as may in the discretion of the Manager, be necessary or appropriate and those amendments as may be required by law may be made in the discretion of the Administrator from time to time without the Consent of any of the Members; provided, however, that no amendment will be adopted pursuant to this Section Article XII.2 unless that amendment would not alter, or result in the alteration of, the limited liability of the Members or the status of the Company Fund as a "partnership" for federal income tax purposes.

Appears in 5 contracts

Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement

Ministerial and Administrative Amendments. Notwithstanding the limitations aboveof Section 14.1, ministerial or administrative amendments as may in the discretion of the Manager, Manager be necessary or appropriate and those amendments as may be required by law may be made from time to time without the Consent of any of the Members; provided, however, that no amendment will be adopted pursuant to this Section 14.2 unless that amendment would not alter, or result in the alteration of, the limited liability of the Members or the status of the Company Fund as a "partnership" for federal income tax purposes.

Appears in 5 contracts

Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement

Ministerial and Administrative Amendments. Notwithstanding the limitations aboveof Section 14.1, ministerial or administrative amendments as may in the discretion of the Manager, Manager be necessary or appropriate and those amendments as may be required by law may be made from time to time without the Consent of any of the Members; provided, however, that no amendment will be adopted pursuant to this Section 14.2 unless that amendment would not alter, or result in the alteration of, the limited liability of the Members or the status of the Company Fund as a "partnership" for federal income tax purposes.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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Ministerial and Administrative Amendments. Notwithstanding the limitations aboveof Section 14.1, ministerial or administrative amendments as may in the discretion of the Manager, Manager be necessary or appropriate and those amendments as may be required by law may be made from time to time without the Consent of any of the Members; provided, however, that no amendment will be adopted pursuant to this Section 14.1(b) unless that amendment would not alter, or result in the alteration of, the limited liability of the Members or the status of the Company Fund as a "partnership" for federal income tax purposes.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Ministerial and Administrative Amendments. Notwithstanding the limitations aboveof this Section 14.1, ministerial or administrative amendments as may in the discretion of the Manager, Manager be necessary or appropriate appropriate, and those amendments as may be required by law law, may be made from time to time without the Consent of any of the Members; provided, however, that no amendment will be adopted pursuant to this Section 14.1 unless that amendment would not alter, or result in the alteration of, the limited liability of the Members or the status of the Company as a "partnership" for federal income tax purposes.

Appears in 1 contract

Samples: Individual Series Limited Liability Company Agreement (Freeport Holdings Series LLC)

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