Common use of Certain Amendment Requirements Clause in Contracts

Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1, no amendment to this Agreement shall be made without the consent of the Economic Members holding of a majority of the Outstanding Interests, that: (a) decreases the percentage of Outstanding Interests required to take any action hereunder; (b) materially adversely affects the rights of any of the Economic Members (including adversely affecting the holders of any particular Series of Interests as compared to holders of other series of Interests); (c) modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or (d) modifies the term of the Company.

Appears in 42 contracts

Sources: Limited Liability Company Agreement (RSE Collection, LLC), Limited Liability Company Agreement (RSE Innovation, LLC), Limited Liability Company Agreement (Whimsy Properties LLC)

Certain Amendment Requirements. Notwithstanding the provisions of Section 12.112.01, no amendment to this Agreement shall be made without the consent of the Economic Members holding of a majority of the Outstanding Interests, that: (a) decreases the percentage of Outstanding Interests required to take any action hereunder; (b) materially adversely affects the rights of any of the Economic Members (including adversely affecting the holders of any particular Series of Interests as compared to holders of other series of Interests); (c) modifies Section 11.1(a11.01(a) or gives any Person the right to dissolve the Company; or (d) modifies the term of the Company.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Neptune REM, LLC), Limited Liability Company Agreement (Exceed Talent Capital Holdings LLC), Limited Liability Company Agreement (Investables Projects LLC)

Certain Amendment Requirements. Notwithstanding the provisions of Section 12.111.01, no amendment to this Agreement shall be made without the consent of the Economic Members holding of a majority of the Outstanding Interests, that: (a) decreases the percentage of Outstanding Interests required to take any action hereunder; (b) materially adversely affects the rights of any of the Economic Members (including adversely affecting the holders of any particular Series of Interests as compared to holders of other series of Interests)Members; (c) modifies Section 11.1(a10.01(a) or gives any Person the right to dissolve the Company; or (d) modifies the term of the Company.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Public Luxury Handbag Portfolio LLC), Limited Liability Company Agreement (Public Shrek Royalties LLC), Limited Liability Company Agreement (Public 1997 Michael Jordan PMG LLC)

Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1, no amendment to this Agreement shall be made without the consent of the Economic Members holding of a majority of the Outstanding Interests, that: (a) decreases the percentage of Outstanding Interests required to take any action hereunder; (b) materially adversely affects the rights of any of the Economic Members (including adversely affecting the holders of any particular Series of Interests as compared to holders of other series of Interests)) ; (c) modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or (d) modifies the term of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Ark7 Properties Plus LLC)

Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1, no amendment to this Agreement shall be made without the consent of the Economic Members holding of a majority of the Outstanding Interests, that: (a) decreases the percentage of Outstanding Interests required to take any action hereunder; (b) materially adversely affects the rights of any of the Economic Members (including adversely affecting the holders of any particular Series of Interests as compared to holders of other series of Interests); (c) modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or (d) modifies the term of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Wahed Real Estate Series 1 LLC)

Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1, no amendment to this Agreement shall be made without the consent of the Economic Members holding of a majority of the Outstanding Interests, that: (a) : decreases the percentage of Outstanding Interests required to take any action hereunder; (b) ; materially adversely affects the rights of any of the Economic Members (including adversely affecting the holders of any particular Series of Interests as compared to holders of other series of Interests); (c) ; modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or (d) or modifies the term of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Ark7 Properties Advance LLC)