Common use of Modifications to Preserve Underlying Economic Objectives Clause in Contracts

Modifications to Preserve Underlying Economic Objectives. If in the opinion of counsel to the Company, there is a change in the Federal income tax law (including the Code as well as the regulations, rulings, and administrative practices thereunder) which makes it necessary or prudent to modify the allocation provisions of this Section 4 in order to preserve the underlying economic objectives of the Members as reflected in this Agreement, the Managers shall make the minimum modification necessary to achieve such purpose.

Modifications to Preserve Underlying Economic Objectives. If If, in the opinion of counsel to the Company, there is a change in the Federal income tax law (including the Code as well as the regulations, rulings, rulings and administrative practices thereunder) which makes it necessary or prudent to modify the allocation provisions of this Section 4 in order to preserve the underlying economic objectives of the Members as reflected in this Agreement, the Managers Manager shall make the minimum modification necessary to achieve such purpose.

Modifications to Preserve Underlying Economic Objectives. If If, in the opinion of counsel to the Company, there is a change in the Federal income tax law (including the Code as well as the regulationsTreasury Regulations, rulings, and administrative practices thereunder) which makes it necessary or prudent to modify modifying the allocation provisions of this Section 4 in order Article VI necessary or prudent to preserve the underlying economic objectives of the Members as reflected in this Agreement, the Managers Manager shall make the minimum modification necessary to achieve such purpose.purpose.‌‌

Modifications to Preserve Underlying Economic Objectives. If If, in the opinion of counsel to the Company, there is a change in the Federal income tax law (including the Code as well as the regulationsTreasury Regulations, rulings, and administrative practices thereunder) which makes it necessary or prudent to modify modifying the allocation provisions of this Section 4 in order Article VI necessary or prudent to preserve the underlying economic objectives of the Members as reflected in this Agreement, the Managers Manager shall make the minimum modification necessary to achieve such purpose.

Modifications to Preserve Underlying Economic Objectives. If If, in the opinion of counsel to the Company, there is a change in the Federal income tax law (including the Code as well as the regulationsTreasury Regulations, rulings, and administrative practices thereunder) which makes it necessary or prudent to modify the allocation provisions of this Section 4 in order to preserve the underlying economic objectives of the Members as reflected in this Agreement, the Managers Managing Members shall make the minimum modification necessary to achieve such purpose.

Modifications to Preserve Underlying Economic Objectives. If If, in the opinion of counsel or other advisor to the Company, there is a change in the Federal income tax law (including the Code as well as the regulationsTreasury Regulations, rulings, and administrative practices thereunder) which makes it necessary or prudent to modify modifying the allocation provisions of this Section 4 in order necessary or prudent to preserve the underlying economic objectives of the Members as reflected in this Agreement, the Managers shall Manager will make the minimum modification necessary to achieve such that purpose.

Modifications to Preserve Underlying Economic Objectives. If If, in the opinion of counsel to the Company, there is a change in the Federal income tax law (including the Code as well as the regulations, rulings, and administrative practices thereunder) or an ambiguity in this Agreement which makes it necessary or prudent to modify the allocation provisions of this Section 4 3.2 in order to preserve the underlying economic objectives of the Members as reflected in this Agreement, the Managers Managing Member shall upon prior written notice to all of the Members make the minimum modification necessary to achieve such purpose.