Common use of Power to Modify Foregoing Procedures Clause in Contracts

Power to Modify Foregoing Procedures. Notwithstanding any of the foregoing provisions of this Article VII, the Directors may prescribe, in their absolute discretion, such other bases and times for determining the net income and net assets of the Company and of each class as they may deem necessary or desirable to enable the Company to comply with any provision of the 1940 Act, any rule or regulation thereunder, or any order of exemption issued by said Commission, all as in effect now or hereafter amended or modified.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Master Value Opportunities LLC), Limited Liability Company Agreement (Master Basic Value LLC), Limited Liability Company Agreement (Master Senior Floating Rate LLC)

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Power to Modify Foregoing Procedures. Notwithstanding any of the foregoing provisions of this Article VIIXI, the Directors may prescribe, in their absolute discretion, such other bases and times for determining the net income and net assets of the Company and of each class Series as they may deem necessary or desirable to enable the Company to comply with any provision of the 1940 Act, any rule or regulation thereunder, or any order of exemption issued by said the Commission, all as in effect now or hereafter amended or modified.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Fidelity Central Investment Portfolios II LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios II LLC)

Power to Modify Foregoing Procedures. Notwithstanding any of the foregoing provisions of this Article VII, the Directors may prescribe, in their absolute discretion, such other bases and times for determining the net income and net assets of the Company and of each class Series as they may deem necessary or desirable to enable the Company to comply with any provision of the 1940 Act, any rule or regulation thereunder, or any order of exemption issued by said Commission, all as in effect now or hereafter amended or modified.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Short Term Bond Master LLC), Limited Liability Company Agreement (Global Financial Services Master LLC), Limited Liability Company Agreement (Blackrock Master LLC)

Power to Modify Foregoing Procedures. Notwithstanding any of the foregoing provisions of this Article VIIIX, the Directors may prescribe, in their absolute discretion, such other bases and times for determining the net income and net assets of the Company and of each class as they may deem necessary or desirable to enable the Company to comply with any provision of the 1940 Code or the Investment Company Act, any rule or regulation thereunder, or any order of exemption issued by said Commission, all as in effect now or hereafter amended or modified.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Oppenheimer Master Inflation Protected Securities Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Loan Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Event-Linked Bond Fund, LLC)

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Power to Modify Foregoing Procedures. Notwithstanding any of the foregoing provisions of this Article VIIXI, the Directors may prescribe, in their absolute discretion, such other bases and times for determining the net income and net assets of the Company and of each class Series as they may deem necessary or desirable to enable the Company to comply with any provision of the 1940 Act, any rule or regulation thereunder, or any order of exemption issued by said the Commission, all as in effect now or hereafter amended or modified. ARTICLE XII DURATION; TERMINATION OF COMPANY OR SERIES; AMENDMENT; MERGERS; ETC.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Fidelity Central Investment Portfolios LLC), Limited Liability Company Agreement (Fidelity Central Investment Portfolios LLC)

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