Adverse Amendments. The Company shall not amend its operating agreement in a manner that materially and adversely affects the economic interest of the Senior Noteholders, except to the extent approved by Senior Noteholders holding Senior Notes representing a majority of the unpaid principal amounts under all outstanding Senior Notes.
Appears in 5 contracts
Samples: Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Note Purchase Agreement (Iron Bridge Mortgage Fund LLC)