Common use of Amendment Requirements Clause in Contracts

Amendment Requirements. (a) Notwithstanding the provisions of Section 13.1, no provision of this Agreement that establishes a percentage of Outstanding Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would reduce such voting percentage unless such amendment is approved by the affirmative vote of holders of Outstanding Shares whose aggregate Outstanding Shares constitute not less than the voting requirement sought to be reduced.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC)

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Amendment Requirements. (a) Notwithstanding the provisions of Section 13.1Sections 9.1 and 9.3, no provision of this Agreement that establishes a percentage of Outstanding Voting Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of Outstanding Voting Shares whose aggregate Outstanding Voting Shares constitute not less than the voting requirement sought to be reduced.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC), Limited Liability Company Agreement (Fortress Investment Group LLC), Limited Liability Company Agreement (Och-Ziff Capital Management Group LLC)

Amendment Requirements. (a) Notwithstanding the provisions of Section 13.111.1, no provision of this Agreement that establishes a percentage of Outstanding Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of Outstanding Shares whose aggregate Outstanding Shares constitute not less than the voting requirement sought to be reduced.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (LinnCo LLC)

Amendment Requirements. (a) Notwithstanding the provisions of Section 13.112.1, no provision of this Agreement that establishes a percentage of Outstanding Shares Percentage Interest required to take any action with respect to any Series shall be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of reducing such voting percentage unless such amendment is approved by the written consent or the affirmative vote of holders of Outstanding Shares Partnership Interests of such Series whose aggregate Outstanding Shares Percentage Interests constitute not less than the voting requirement sought to be reduced.

Appears in 8 contracts

Samples: Agreement (Enbridge Energy Partners Lp), Contribution Agreement (Enbridge Energy Partners Lp), Agreement (Enbridge Energy Partners Lp)

Amendment Requirements. (a) Notwithstanding the provisions of Section 13.1Sections 12.1 and 12.2, no provision of this Agreement that establishes a percentage of the voting power of Outstanding Voting Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of reducing such voting percentage percentage, unless such amendment is approved by the written consent or the affirmative vote of the holders of the voting power of the Outstanding Voting Shares whose aggregate Outstanding Voting Shares constitute not less than the voting requirement sought to be reduced.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC)

Amendment Requirements. (a) Notwithstanding the provisions of Sections 9.1 and 9.3 (other than Section 13.19.3(d)(iv)), no provision of this Agreement that establishes a percentage of Outstanding Voting Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of Outstanding Voting Shares whose aggregate Outstanding Voting Shares constitute not less than the voting requirement sought to be reduced.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (New Fortress Energy LLC), Limited Liability Company Agreement (New Fortress Energy LLC), Limited Liability Company Agreement (New Fortress Energy LLC)

Amendment Requirements. (a) Notwithstanding the provisions of Section 13.1Sections 9.1 and 9.2, no provision of this Agreement that establishes a percentage of Outstanding Shares required provides any Member with the right to take approve any action shall be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of eliminating or reducing such voting percentage approval right unless such amendment is approved by the affirmative vote of holders of Outstanding Voting Shares whose aggregate Outstanding Voting Shares constitute not less than the voting requirement sought to be reducedfor such action.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Five Point Holdings, LLC), Limited Liability Company Agreement (Five Point Holdings, LLC)

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Amendment Requirements. (a) Notwithstanding any provision of this Agreement to the provisions of Section 13.1contrary, no provision of this Agreement that establishes a percentage of Outstanding Shares Interests required to take any action shall may be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders holder(s) of Outstanding Shares Interests whose aggregate Outstanding Shares Interests constitute not less than the voting requirement sought to be reduced.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Swoosh, LLC)

Amendment Requirements. (a) Notwithstanding the provisions of Sections 13.1 and 13.3 (other than Section 13.113.3(d)(4)), no provision of this Agreement that establishes a percentage of Outstanding Voting Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of Outstanding Voting Shares whose aggregate Outstanding Voting Shares constitute not less than the voting requirement sought to be reduced.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fortis Minerals, LLC)

Amendment Requirements. (a) Notwithstanding the provisions of Section 13.1Sections 11.1 and 11.3, no provision of this Agreement that establishes a percentage of Outstanding LLC Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would reduce have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of Outstanding Voting Shares whose aggregate Outstanding LLC Shares constitute not less than the voting requirement sought to be reduced.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gyrodyne, LLC)

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