Amendments to Operating Agreement. The Members reserve the right to amend, alter, change or repeal any provision contained in this Operating Agreement in any manner now or hereafter provided herein or by statute; and, except as provided with respect to the indemnification of Managers, all rights, preference and privileges conferred by this Operating Agreement upon the Members, Managers, or any other person are granted subject to such right; provided, however, that the Members shall not amend, alter, change or repeal any provision of Sections 1.04, 5.01(a), 5.06, 8.01, 11.01 or Article VI (such Sections and Article, the “Restricted Articles”) without the unanimous affirmative vote of the members of the Board of Managers and provided, further, that the Members shall not amend or change any Article so as to be inconsistent with the Restricted Articles.
Appears in 1 contract
Sources: Operating Agreement
Amendments to Operating Agreement. The Members reserve the --------------------------------- right to amend, alter, change or repeal any provision contained in this Operating Agreement in any manner now or hereafter provided herein or by statute; and, except as provided with respect to the indemnification of Managers, all rights, preference and privileges conferred by this Operating Agreement upon the Members, Managers, or any other person are granted subject to such right; provided, however, that the Members shall not amend, alter, change or repeal any provision of Sections 1.04, 5.01(a), 5.06, 8.01, 11.01 or Article VI (such Sections and Article, the “"Restricted Articles”") without the unanimous affirmative vote of the members of the Board of Managers and provided, further, that the Members shall not amend or change any Article so as to be inconsistent with the Restricted Articles.
Appears in 1 contract
Amendments to Operating Agreement. The Members reserve Member reserves the --------------------------------- right to amend, alter, change or repeal any provision contained in this Operating Agreement in any manner now or hereafter provided herein or by statute; and, except as provided with respect to the indemnification of Managers, all rights, preference and privileges conferred by this Operating Agreement these Articles upon the MembersMember, Managers, or any other person are granted subject to such right; provided, however, that the Members Member shall not amend, alter, change or repeal any provision of Sections 1.04, 5.01(a4.01(a), 5.064.06, 7.01, 8.01, 11.01 10.01 or Article VI V (such Sections and Article, the “"Restricted Articles”") without the unanimous affirmative vote of the members of the Board of Managers and provided, further, that the Members Member shall not amend or change any Article so as to be inconsistent with the Restricted Articles.
Appears in 1 contract
Amendments to Operating Agreement. The Members reserve Member reserves the right to amend, alter, change or repeal any provision contained in this Operating Agreement in any manner now or hereafter provided herein or by statute; and, except as provided with respect to the indemnification of Managers, all rights, preference and privileges conferred by this Operating Agreement these Articles upon the MembersMember, Managers, or any other person are granted subject to such right; provided, however, that the Members Member shall not amend, alter, change or repeal any provision of Sections 1.04, 5.01(a4.01(a), 5.064.06, 8.01, 11.01 10.01 or Article VI V (such Sections and Article, the “Restricted Articles”) without the unanimous affirmative vote of the members of the Board of Managers and provided, further, that the Members Member shall not amend or change any Article so as to be inconsistent with the Restricted Articles.
Appears in 1 contract
Sources: Operating Agreement