Common use of LLC Agreements Clause in Contracts

LLC Agreements. Seller shall not amend, supplement, terminate, waive any default under, grant concessions regarding, or otherwise modify in any manner without Purchaser’s consent, the LLC Agreements except that the LLC Agreements may be modified to provide that the membership interests are governed by Article 8 of the Maryland UCC and to provide for the issuance of certificates representing such membership interests. Seller shall neither enter into any contract or agreement nor act or refrain from acting in such a way that could jeopardize Seller’s membership interest in the Property Entities or its ability to transfer to Purchaser clear title to all of the membership interests therein.