Amendment of LLC Agreement. The LLC Agreement is hereby amended as follows:
Amendment of LLC Agreement. Each of the LLC and each Shareholder party to the LLC Agreement dated as of February 2, 2000 hereby agrees that it will not amend, supplement or otherwise modify the provisions of Section 5.2 of such agreement without the prior written consent of the Company.
Amendment of LLC Agreement. By the execution and delivery of this Agreement, each Member hereby agrees that, effective as of the Closing Date, Sections 11.2 and 11.3 of the LLC Agreement shall be deemed amended to delete the terms thereof in their entirety. To the extent any provision of Article XI of the LLC Agreement conflicts with the terms of this Agreement, the terms of this Agreement shall be controlling.
Amendment of LLC Agreement. Pledgor shall not, without the prior written consent of the Collateral Agent, agree to or permit (a) the cancellation or termination of the LLC Agreement, except upon the expiration of the stated term thereof, or (b) any amendment, supplement or modification of, or waiver with respect to any of the provisions of, the LLC Agreement, in either case, that is prohibited by the Secured Debt Documents; provided, that Pledgor agrees that it shall not, without the prior written consent of the Collateral Agent, amend or modify the LLC Agreement in any manner which would expressly restrict the Collateral Agent's ability to exercise remedies in respect of the Pledged Collateral as and to the extent contemplated hereby.
Amendment of LLC Agreement. Holding will amend and restate its existing limited liability company agreement in the form of the Second Amended and Restated Limited Liability Company Agreement attached hereto as Exhibit C (the “Amended LLCA”), in order, among other things, to effect a split of the Holding Units, pursuant to which each Holding Unit held by a member immediately prior to the date hereof shall represent, immediately following such split, 1.7576049 Holding Units (the transactions set forth in this paragraph are referred to collectively as the “Holding Unit Split”).
Amendment of LLC Agreement. Subject to Section 2 of this Amendment, the LLC Agreement is hereby amended by adding new Section 4.1(d) to read in full as follows:
Amendment of LLC Agreement. Article VIII of the LLC Agreement is hereby amended by inserting after Section 5 thereof the following Section 6:
Amendment of LLC Agreement. Upon the execution and delivery of this Assignment of Interest by each of the parties hereto the LLC Agreement is deemed to be, and shall hereafter be, amended to reflect the withdrawal of Assignor as a member of the Company and the admission of each Assignee as a member of the Company, each owning a one-third (1/3) membership interest in the Company.
Amendment of LLC Agreement. To the extent that any of the terms set forth in this Agreement related to the liquidation and dissolution of Arcus are inconsistent with those set forth in the LLC Agreement, the terms of this Agreement shall supercede and amend the LLC Agreement. [The remainder of this page has been intentionally left blank.]
Amendment of LLC Agreement. Schedule I of the LLC Agreement is hereby amended to read in full as follows: “Schedule I Members and Units Name Address Units Percentage Ownership Salix Animal Health, LLC Xxx Xxxxx Xxxxx Xxxxx Xxxxx, Xxxxx 000 Xxxxx Xxxx, XX 00000 Attention: Xxxxxx X. Xxxxx 996 96 % Alaska Merger Acquisition Corp. 0000 Xxxxxx Xxx Middleton, WI 53562 Attention: Xxxxxx X. Xxxxx 4 4 % Total 1,000 100 %”
