Common use of Company Operating Agreement Clause in Contracts

Company Operating Agreement. material inconsistent with the principles of this Agreement, without the approval or vote of the Members, including without limitation. * To issue non substantive amendments to this Agreement to correct minor technical errors; * To cure any ambiguity or to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to add other provisions with respect to matters or questions arising under this Agreement which will not be materially inconsistent with the provisions of this Agreement. * To appoint a different tax matters member; * To take such steps as the Manager deems advisable to preserve the tax status of the Company as an entity that is not taxable as a corporation for federal or state income tax purposes; * To delete or add any provisions to this Agreement as requested by the Securities and Exchange Commission or by state securities officials which is deemed by such regulatory agency or official to be for the benefit or protection of the Members; or * To make amendments similar to the foregoing so long as such actions shall not materially and adversely affect the Members.