Common use of By-law Amendments Clause in Contracts

By-law Amendments. The by-laws of the Company shall not be amended or repealed in any manner that is adverse to BlackRock or its Affiliates without the prior written consent of BlackRock if BlackRock and its Affiliates hold, at the time of such amendment or repeal, Shares constituting 5% or more of the Voting Power.

Appears in 5 contracts

Samples: Stockholder Agreement (PennyMac Financial Services, Inc.), Stockholder Agreement (BlackRock Inc.), Stockholder Agreement (PennyMac Financial Services, Inc.)

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