Common use of Certain Amendment Requirements Clause in Contracts

Certain Amendment Requirements. (a) Notwithstanding the provisions of Section 9.1 and Section 9.3, 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that establishes a percentage of Outstanding Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of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 67 contracts

Samples: Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Arrived Debt Fund, LLC)

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establishes a percentage of Outstanding Shares Units required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of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

Appears in 17 contracts

Samples: Limited Liability Company Agreement (Birgo Reiturn Fund LLC), Limited Liability Company Agreement (Birgo Reiturn Fund LLC), Limited Liability Company Agreement (Birgo Reiturn Fund Manager LLC)

Certain Amendment Requirements. (a) Notwithstanding the provisions of Section 9.1 8.1 and Section 9.38.3, 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that establishes a percentage of Outstanding Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of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 7 contracts

Samples: Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise National for-Sale Housing eFund, LLC)

Certain Amendment Requirements. (a) Notwithstanding the provisions of Section 9.1 9 .1 of this OPERATING AGREEMENT and Section 9.39 .3 of this OPERATING AGREEMENT, no provision of this Agreement OPERATING 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 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 7 contracts

Samples: Operating Agreement (Strategic Hotel Ventures, LLC), Operating Agreement (Century West Multifamily Income Reit, LLC), Operating Agreement (Century West Multifamily Income Reit, LLC)

Certain Amendment Requirements. (a) Notwithstanding the provisions of Section Sections 9.1 and Section 9.3, 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 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 3 contracts

Samples: Limited Liability Company Agreement (ETRE Residential, LLC), Limited Liability Company Agreement (Etre Reit, LLC), Limited Liability Company Agreement (Etre Reit, LLC)

Certain Amendment Requirements. (a) Notwithstanding the provisions of Section 9.1 and Section 9.39.2, 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 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 2 contracts

Samples: Operating Agreement (Landa Financing LLC), Operating Agreement (Ys Re Raf I LLC)

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Certain Amendment Requirements. (a) Notwithstanding the provisions of Section 9.1 8.1 and Section 9.38.3, no provision of this Agreement that establishes a percentage of Outstanding outstanding Shares required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders of Outstanding outstanding Shares whose aggregate Outstanding outstanding Shares constitute not less than the voting requirement sought to be reduced.

Appears in 2 contracts

Samples: Operating Agreement (LODE Payments International LLC), Operating Agreement (StartEngine Real Estate REIT 1 LLC)

Certain Amendment Requirements. (a) i. Notwithstanding the provisions of Section 9.1 Sections 16(a) and Section 9.316(c), 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 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 1 contract

Samples: Limited Liability Company Operating Agreement (Reliance Real Estate Trust, LLC)

Certain Amendment Requirements. (a) Notwithstanding the provisions of Section 9.1 and Section 9.313.1, no provision of this Agreement that establishes a percentage of Outstanding Shares Units or Unit Class required to take any action action, including Section 4.7, shall be amended, altered, changed, repealed repealed, or rescinded in any respect that would have the effect of reducing such voting percentage unless such amendment is approved by the affirmative vote of holders at least such percentage of Outstanding Shares whose aggregate Outstanding Shares constitute not less than the voting requirement sought Units entitled to be reducedvote thereon.

Appears in 1 contract

Samples: Limited Liability Company Agreement (OneDoor Studios Entertainment Properties LLC)

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