Amendments to Declaration. This Declaration of Trust may be amended by the Trustees or the Participants at any time or from time to time and in any respect and, if determined by the Trustees or the Participants to be necessary to comply with applicable law, retroactively; provided, that any such amendment which amends Sections 2.1, 2.4, 5.1, 5.3, 7.1, 9.1 or 9.2 and adversely affects the rights of the Participants shall be approved by the Participants at a meeting or by a vote as provided in Article 7. No such amendment shall divert any part of the Trust Property that equitably belongs to any Participant for purposes other than the exclusive benefit of the Participant at any time prior to the satisfaction of all liabilities with respect to such Participant.
Amendments to Declaration. 16.1 Section 1. The following definition is added to Section 1:
Amendments to Declaration. Subject to applicable laws, regulations or ordinances of the Community, this Declaration may be amended, modified, revoked, rescinded or otherwise revised upon the written approval of the Community which shall not be unreasonably withheld or delayed, and (a) prior to the Transfer Date, of Declarant, and (b)on and after the Transfer Date, of Ground Lessees holding seventy-five percent (75%) or more of the total voting power of each of the Class A and Class B Members of the Association. Any amendments, modifications, revocations, resignationsor revisions (collectively, "Amendments") shall be submitted to the Community, and the Community shall have ten (10) business days after 44 BN 32866l76vl3
Amendments to Declaration. (a) The Trustees may by vote of a majority of the Trustees then in office amend or otherwise supplement the Declaration by making an amendment, a Declaration supplemental hereto, or an amended and restated Declaration, provided, however, that an amendment to any provision of Article V hereof shall require the vote of two-thirds (2/3) of the Trustees then in office.
