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Common use of Special Provisions for Certain Amendments or Modifications Clause in Contracts

Special Provisions for Certain Amendments or Modifications. (a) An amendment or modification reducing a Member's Percentage Interest or increasing its Capital Commitment (other than to reflect changes otherwise provided by this Agreement) is effective only with that Member's consent. (b) An amendment or modification reducing the required Percentage Interest or other measure for any consent or vote in this Agreement is effective only with the consent or vote of Members having the Percentage Interest or other measure theretofore required. (c) An amendment to establish the relative rights and preferences of the Membership Units of any class or series may be made by a committee of Managers, within the authority of Managers or otherwise provided in the Certificate of Formation, RMLLA, or resolutions by Members forming the committee. (d) An amendment or modification made solely to reflect the admission or withdrawal of a Member (such as to Exhibit A) need not be approved by any Member if the requirements set forth in this Agreement with respect to the admission or withdrawal of the Member are otherwise satisfied.

Appears in 2 contracts

Samples: Operating Agreement (GolfSuites 1, Inc.), Operating Agreement (GolfSuites 1, Inc.)

Special Provisions for Certain Amendments or Modifications. (a) An amendment or modification reducing a Member's ’s Percentage Interest or increasing its Capital Commitment (other than to reflect changes otherwise provided by this Agreement) is effective only with that Member's ’s consent. (b) An amendment or modification reducing the required Percentage Interest or other measure for any consent or vote in this Agreement is effective only with the consent or vote of Members having the Percentage Interest or other measure theretofore required. (c) An amendment to establish the relative rights and preferences of the Membership Units Interests of any class or series may be made by a committee of Managers, within the authority of Managers or otherwise provided in the Certificate of Formation, RMLLAthe TBOC, or resolutions by Members forming the committee. (d) An amendment or modification made solely to reflect the admission or withdrawal of a Member (such as to Exhibit A) need not be approved by any Member if the requirements set forth in this Agreement with respect to the admission or withdrawal of the Member are otherwise satisfied.

Appears in 1 contract

Samples: Company Agreement (Green America Recycling, LLC)

Special Provisions for Certain Amendments or Modifications. (a) An amendment or modification reducing a Member's ’s Percentage Interest or increasing its Capital Commitment (other than to reflect changes otherwise provided by this Agreement) is effective only with that Member's ’s consent. (b) An amendment or modification reducing the required Percentage Interest or other measure for any consent or vote in this Agreement is effective only with the consent or vote of Members having the Percentage Interest or other measure theretofore required. (c) An amendment to establish the relative rights and preferences of the Membership Units Interests of any class or series may be made by a committee of Managers, within the authority of Managers or otherwise provided in the Certificate of Formation, RMLLAthe TBOC, or resolutions by Members forming the committee. (d) An amendment or modification made solely to reflect the admission or withdrawal of a Member (such as to Exhibit A) need not be approved by any Member if the requirements set forth in this Agreement Agreement, with respect to the admission or withdrawal of the Member Member, are otherwise satisfied.

Appears in 1 contract

Samples: Company Agreement (River Medical Inc)

Special Provisions for Certain Amendments or Modifications. (a) An amendment or modification reducing a Member's ’s Percentage Interest or increasing its Capital Commitment (other than to reflect changes otherwise provided by this Agreement) is effective only with that Member's ’s consent. (b) An amendment or modification reducing the required Percentage Interest or other measure for any consent or vote in this Agreement is effective only with the consent or vote of Members having the Percentage Interest or other measure theretofore required. (c) An amendment to establish the relative rights and preferences of the Membership Units of any class or series may be made by a committee of Managers, within the authority of Managers or otherwise provided in the Certificate Articles of FormationOrganization, RMLLALABL, or resolutions by Members forming the committee. (d) An amendment or modification made solely to reflect the admission or withdrawal of a Member (such as to Exhibit A) need not be approved by any Member if the requirements set forth in this Agreement with respect to the admission or withdrawal of the Member are otherwise satisfied.

Appears in 1 contract

Samples: Operating Agreement (GolfSuites 1, Inc.)