AMENDING OPERATING AGREEMENT Clause Samples
The Amending Operating Agreement clause establishes the procedures and requirements for making changes to the operating agreement of a company or partnership. Typically, this clause outlines who must approve amendments—such as a majority or unanimous vote of members—and may specify the process for proposing and documenting changes. Its core function is to provide a clear, agreed-upon method for updating the agreement as circumstances evolve, ensuring that all parties understand how modifications can be made and reducing the risk of disputes over unauthorized or informal changes.
AMENDING OPERATING AGREEMENT. This Agreement may only be amended by an affirmative vote or consent of all Members.
AMENDING OPERATING AGREEMENT. This Agreement may only be amended as authorized by the Member.
AMENDING OPERATING AGREEMENT. Pursuant to Sections 23-18-4-3 to 23-18-4-5 of the Act, this Agreement may only be amended by an affirmative vote or consent of all Members.
AMENDING OPERATING AGREEMENT. Pursuant to Subsections 48-3a-407(2) and (3) of the Act, this Operating Agreement may only be amended by an affirmative vote or consent of all Members.
AMENDING OPERATING AGREEMENT. Pursuant to Subsections 48-3a-407(2) and (3) of the Act, this Agreement may only be amended as authorized by the Member.
AMENDING OPERATING AGREEMENT. Pursuant to Subsections 48-3a-407(2) and (3) of the Act, this Operating Agreement may only be amended by the Member.