Common use of Amendment of Articles Clause in Contracts

Amendment of Articles. The Corporation reserves the right to amend, alter, change or repeal any provision contained in the Articles, in the manner now or hereafter prescribed by the NRS, and all rights conferred on stockholders herein are granted subject to this reservation; PROVIDED, HOWEVER, that no amendment, alteration, change or repeal may be made to: (i) Section 2 of Article III or (ii) this Article V without the affirmative vote of the holders of at least sixty-six and two-thirds percent (66-2/3%) of the outstanding voting stock of the Corporation, voting together as a single class.

Appears in 6 contracts

Samples: Distribution Agreement (LTC Properties Inc), Distribution Agreement (LTC Healthcare Inc), Distribution Agreement (LTC Healthcare Inc)

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