Common use of Future Laws Clause in Contracts

Future Laws. To the extent future enactments or judicial decisions permit an expansion of the rights of indemnification afforded to the Indemnified Persons by the Company, then it is the Member's express intention and agreement that this Section 3.5 immediately and automatically will be deemed to be amended so as to permit and authorize the indemnification of the Indemnified Persons by the Company to the maximum extent permitted by law.

Appears in 3 contracts

Samples: Operating Agreement (Chrysler Financial Co LLC), Operating Agreement (Chrysler Financial Co LLC), Daimlerchrysler Services North America LLC

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Future Laws. To the extent future enactments or judicial ----------- decisions permit an expansion of the rights of indemnification afforded to the Indemnified Persons Manager and the Members by the Company, then it is the Member's Members' express intention and agreement that this Section 3.5 3.9 immediately and automatically will be deemed to be amended so as to permit and authorize the indemnification of the Indemnified Persons by the Company to the maximum extent permitted by law. The Manager is authorized and empowered to execute, on behalf of all Members, such amendments to this Agreement as may be appropriate to give further effect to this Section 3.9.

Appears in 2 contracts

Samples: Members Agreement (Ebs Pension LLC), Members Agreement (Ebs Litigation LLC)

Future Laws. To the extent future enactments or judicial decisions permit an expansion of the rights of indemnification afforded to the Indemnified Persons by the Company, then it is the Member's Members' express intention and agreement that this Section 3.5 3.10 immediately and automatically will be deemed to be amended so as to permit and authorize the indemnification of the Indemnified Persons by the Company to the maximum extent permitted by law. The Administrator is authorized and empowered to execute, on behalf of all Members, such amendments to this Agreement as may be appropriate to give further effect to this Section 3.10.

Appears in 1 contract

Samples: Members' Agreement (Stratosphere Corp)

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Future Laws. To the extent future enactments or judicial decisions permit an expansion of the rights of indemnification afforded to the Indemnified Persons Manager and the Members by the Company, then it is the Member's Members' express intention and agreement that this Section 3.5 3.9 immediately and automatically will be deemed to be amended so as to permit and authorize the indemnification of the Indemnified Persons by the Company to the maximum extent permitted by law. The Manager is authorized and empowered to execute, on behalf of all Members, such amendments to this Agreement as may be appropriate to give further effect to this Section 3.9.

Appears in 1 contract

Samples: Members Agreement (Ebs Building LLC)

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