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Common use of No Material Impairment Clause in Contracts

No Material Impairment. No Member shall take any action that could impair materially such Member's ability to perform its duties and obligations under this Agreement.

Appears in 5 contracts

Samples: Operating Agreement (Pepco Holdings Inc), Operating Agreement (Pepco Holdings Inc), Operating Agreement (Pepco Holdings Inc)

No Material Impairment. No Member shall take any action that could impair materially such Member's ’s ability to perform its duties and obligations under this Agreement.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (General Mills Inc), Limited Liability Company Agreement (General Mills Inc), Operating Agreement (Atlas Pipeline Partners Lp)

No Material Impairment. No Member shall take any action that could impair materially such Member's ability to perform its duties and obligations under this Operating Agreement.

Appears in 3 contracts

Samples: Operating Agreement, LLC Operating Agreement, Operating Agreement

No Material Impairment. No Member shall take any action that could impair materially such Member's ability to perform its duties and obligations under this Agreement.. 58 58

Appears in 2 contracts

Samples: Operating Agreement (Crescent Operating Inc), Operating Agreement (Crescent Operating Inc)