Common use of Regulatory Amendments Clause in Contracts

Regulatory Amendments. Members holding a Supermajority Interest are hereby authorized; upon the advice of the Company’s. counsel, to amend this Article XII to comply with the Code and Regulations promulgated under section 704(b) of the Code; provided, however, that no amendment shall materially affect distributions to a Member without the Member’s prior written consent.

Regulatory Amendments. Members holding a Supermajority Interest are hereby authorized; , upon the advice of the Company’s. ’s counsel, to amend this Article XII to comply with the Code and Regulations promulgated under section 704(b) of the Code; provided, however, that no amendment shall materially affect distributions to a Member without the Member’s prior written consent.