Common use of Nature of Rights; Amendment or Repeal Clause in Contracts

Nature of Rights; Amendment or Repeal. The rights conferred in this Section 6.2 shall be contract rights that shall continue as to an indemnitee who has ceased to be a Member, Manager, Authorized Officer, employee or agent of the Company and shall inure to the benefit of such Person’s heirs, executors, administrators, or other legal representatives. Any repeal or modification of the foregoing provisions of this Section 6.2 shall be prospective only and shall not adversely affect any right or protection hereunder of any Person in respect of any act or omission occurring prior to the time of such repeal or modification.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-2), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-3), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-3)

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