Common use of Amendments Requiring Majority Consent Clause in Contracts

Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Members, other than amendments described in section 11.3, shall require the consent of the Manager and Investor Members holding a majority of the Investor Shares or, if an amendment affects only one class of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Series.

Appears in 17 contracts

Samples: Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (Nv Reit LLC), Limited Liability Company Agreement (Energea Portfolio 3 Africa LLC)

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Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Members, other than amendments described in section 11.3, shall require the consent of the Manager Board and Investor Members holding a majority of the Investor Shares or, if an amendment affects only one class of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Series.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (preREO LLC)

Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Members, other than amendments described in section 11.3, shall require the consent of the Manager and Investor Members holding a majority of the Investor Shares or, if an amendment affects only one class series of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Series.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Impact Housing REIT, LLC), Limited Liability Company Agreement (Property Income Trust LLC), 1a 2b (Impact Housing REIT, LLC)

Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Members, other than amendments described in section 11.3, shall require the consent of the Manager and Investor Members holding a majority of the Investor Shares or, if an amendment affects only one class series of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Seriesseries.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Magfast LLC), Limited Liability Company Agreement, Limited Liability Company Agreement

Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Members, other than amendments described in section 11.3Section 12.3, shall require the consent of the Manager and Investor Members holding a majority of the Investor Shares or, if an amendment affects only one class series of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Seriesseries.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Concreit Fund I LLC), Limited Liability Company Agreement (Concreit Fund I LLC)

Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Members, other than amendments described in section 11.312.3, shall require the consent of the Manager and Investor Members holding a majority of the Investor Common Shares or, if an amendment affects only one class of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Seriesissued and outstanding.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Multi-Housing Income REIT, LLC), Limited Liability Company Agreement (Multi-Housing Income REIT, Inc.)

Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Membersholders of Litigation Support Shares, other than amendments described in section 11.312.3, shall require the consent of the Manager Board of Directors and Investor Members holders of Litigation Support Shares holding a majority of the Investor Shares or, if an amendment affects only one class of Investor outstanding Litigation Support Shares, then the Investor Members holding a majority of the Investor Shares of that Series.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Homeowner Preservation 2015A LLC)

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Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an a material adverse effect on the Investor Members, other than amendments described in section 11.3, shall require the consent of the Manager and Investor Members holding a majority of the Investor Shares or, if an amendment affects only one class series of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Series.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Property Income Trust LLC)

Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Members, other than amendments described in section 11.311.1, shall require the consent of the Manager and Investor Members holding a majority of the Investor Shares or, if an amendment affects only one class series of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Seriesseries.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Money With Meaning Fund, LLC)

Amendments Requiring Majority Consent. Any amendment that has, or could reasonably be expected to have, an adverse effect on the Investor Members, other than amendments described in section 11.311.4, shall require the consent of the Manager and Investor Members holding a majority of the Investor Shares or, if an amendment affects only one class of Investor Shares, then the Investor Members holding a majority of the Investor Shares of that Series.

Appears in 1 contract

Samples: Venture on Country Club

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