Amendment of Operating Agreement. This Agreement may be amended by, and only by, a written resolution setting forth in detail the amendment and signed by sufficient Members to reflect a Supermajority vote interest of LLC Members in favor of said amendment.
Amendment of Operating Agreement. Pursuant to Section 18-209(f) of the Delaware Act, and notwithstanding Article X hereof, an agreement of merger, consolidation or other business combination approved in accordance with this Article XI may (a) effect any amendment to this Agreement or (b) effect the adoption of a new operating agreement for a limited liability company if it is the Surviving Business Entity. Any such amendment or adoption made pursuant to this Section 11.5 shall be effective at the effective time or date of the merger, consolidation or other business combination.
Amendment of Operating Agreement. This Operating Agreement may be amended or modified from time to time only by a written instrument executed and agreed to by a Required Interest.
Amendment of Operating Agreement. 70. No amendment or modification of this Agreement will be valid or effective unless in writing and signed by a majority of all Members.
Amendment of Operating Agreement. Pursuant to Section 18-209(f) of the Delaware Act, an agreement of merger, consolidation or other business combination approved in accordance with this Article XI may (a) effect any amendment to this Agreement or (b) effect the adoption of a new operating agreement for a limited liability company if it is the Surviving Business Entity, provided, that the Oaktree Member and the Brookfield Member shall have mutually approved the terms of such amendment or adoption to the extent that such approval would have been required to effect any such amendment or adoption pursuant to Section 10.1 (and, to the extent required, such consent shall be obtained in accordance with Section 10.1). Any such amendment or adoption made pursuant to this Section 11.5 shall be effective at the effective time or date of the merger, consolidation or other business combination.
Amendment of Operating Agreement. The Following shall be added as a new 9.5 Section Hot Issues: In the event the Managing Member decides to invest in securities which are the subject of a public distribution and which the Managing Member, in his sole discretion, believes may become a "hot issue" as that term is defined in Article III, Section 1 of the Rules of Fair Practice of the National Association of Securities Dealers, Inc. (the "Association"), such investment shall be made in accordance with the following provisions:
Amendment of Operating Agreement. 2.1 Subparagraph 11.3(b) and (c) of the Operating Agreement be and the same are hereby amended to read as follows:
Amendment of Operating Agreement. The Operating Agreement is hereby amended as follows:
Amendment of Operating Agreement. This Operating Agreement may only be amended by a majority in interest of the Members, provided that no amendment shall affect adversely a Member's economic rights as an equity owner or reduce a Member's percentage ownership without such Member's consent.
Amendment of Operating Agreement. 14.1 This Operating Agreement may be amended or repealed by the Members entitled to vote, and new Operating Agreements adopted, subject to the provisions of applicable laws, or the Certificate of Organization, and any such change cannot be adopted if any Member, whether voting or nonvoting, is against its adoption. All Members, whether voting or nonvoting, must have ample opportunity to be heard. If any provision of this Operating Agreement is determined by a court or arbitrator to be invalid, unenforceable or otherwise ineffective, that provision shall be severed from the rest of this Operating Agreement, and the remaining provisions shall remain in effect and enforceable. In witness whereof, each of the initial members of this Company signs and adopts this agreement as the Operating Agreement of this Company. XXXX X. XXXXXXXX /s/ Xxxx X. Xxxxxxxx XXXXX XXXXXX /s/ Xxxxx Xxxxxx
