All Agreements. In addition, with the approval of not less than eighty percent (80%) of the residents of the living units in the Community, and us, any designated residency agreements, which may include this Agree ment, may be amended in any respect upon receipt of evidence of any required regulatory approval; provided, however, that no such amendment shall: 13.2.1 Reduce the aforesaid number of residents which is required to consent to any such amendment; or 13.2.2 Permit the preference or priority of any resident without the consent of each resident. Upon our approval and upon our receipt of evidence of the approval of not less than eighty percent (80%) of such residents as aforesaid, such amendment shall be effective and any designated residency agreements, which may include this Agreement, shall automatically be amended. Accordingly, any of the terms of this Agreement may be amended, including the scope and type of services provided, upon our approval and approval of not less than eighty percent (80%) of the residents of the living units.
Appears in 1 contract
Sources: Residency Agreement (Chestnut Real Estate Partnership)
All Agreements. In addition, with the approval of not less than eighty percent (80%) of the residents of the living units in the Community, Community and us, any designated residency agreements, which may include this Agree mentAgreement, may be amended in any respect upon receipt of evidence of any required regulatory approval; provided, however, that no such amendment shall:
13.2.1 12.2.1 Reduce the aforesaid number of residents which is required to consent to any such amendment; or
13.2.2 12.2.2 Permit the preference or priority of any resident without the consent of each resident. Upon our approval and upon our receipt of evidence of the approval of not less than eighty percent (80%) of such residents as aforesaid, such amendment shall be effective and any designated residency agreements, which may include this Agreement, shall automatically be amended. Accordingly, any of the terms of this Agreement may be amended, including the scope and type of services provided, upon our approval and approval of not less than eighty percent (80%) of the residents of the living units.
Appears in 1 contract
Sources: Residency Agreement (Chestnut Real Estate Partnership)