Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1, (a) no amendment to this Agreement shall be made without the consent of the Members holding a majority of all of the Outstanding Interests that: (i) decreases the percentage of Outstanding Interests required to take any action hereunder; (ii) materially adversely affects the rights of all of the Members; (iii) modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or (iv) modifies the term of the Company. (b) no amendment to this Agreement shall be made without the consent of the Members holding a majority of the Outstanding Interests of a particular Series that materially adversely affects the rights of any of the holders of Interests of that particular Series as compared to holders of Interests of other Series.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Arrived STR, LLC), Limited Liability Company Agreement (Arrived Homes 4, LLC), Limited Liability Company Agreement (Arrived Homes 3, LLC)
Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1,
(a) no amendment to this Agreement shall be made without the consent of the Members holding of a majority of all of the Outstanding Interests Interests, that:
(i) decreases the percentage of Outstanding Interests required to take any action hereunder;
(ii) materially adversely affects the rights of all of the Members;
(iii) modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or
(iv) modifies the term of the Company.
(b) no amendment to this Agreement shall be made without the consent of the Members holding of a majority of the Outstanding Interests of a particular Series that Series, that:
(i) materially adversely affects the rights of any of the holders of Interests of that particular Series as compared to holders of Interests of other Series.);
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Arrived Homes II, LLC), Limited Liability Company Agreement (Arrived Homes, LLC), Limited Liability Company Agreement (Compound Projects, LLC)
Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1,:
(a) no amendment to this Agreement shall be made without the consent of the Members holding of a majority of all of the Outstanding Interests Interests, that:
(i) decreases the percentage of Outstanding Interests required to take any action hereunder;
(ii) materially adversely affects the rights of all of the Members;.
(iii) modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or
(iv) modifies the term of the Company.
(b) no amendment to this Agreement shall be made without the consent of the Members holding of a majority of the Outstanding Interests of a particular Series that Series, that:
(i) materially adversely affects the rights of any of the holders of Interests of that particular Series as compared to holders of Interests of other Series.);
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Vestible Assets, LLC), Limited Liability Company Agreement (Vestible Assets, LLC), Limited Liability Company Agreement (Fintor Assets, LLC)
Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1,
(a) no amendment to this Agreement shall be made without the consent of the Members holding a majority of all of the Outstanding Interests that:
(i) : decreases the percentage of Outstanding Interests required to take any action hereunder;
(ii) ; materially adversely affects the rights of all of the Members;
(iii) ; modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or
(iv) or modifies the term of the Company.
(b) no amendment to this Agreement shall be made without the consent of the Members holding a majority of the Outstanding Interests of a particular Series that materially adversely affects the rights of any of the holders of Interests of that particular Series as compared to holders of Interests of other Series.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Arrived Homes 5, LLC)
Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1,
(a) no amendment to this Agreement shall be made without the consent of the Members holding of a majority of all of the Outstanding Interests Interests, that:
(i) decreases the percentage of Outstanding Interests required to take any action hereunder;
(ii) materially adversely affects the rights of all of the Members;
(iii) modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or
(iv) modifies the term of the Company.
(b) no amendment to this Agreement shall be made without the consent of the Members holding of a majority of the Outstanding Interests of a particular Series Series, that materially adversely affects the rights of any of the holders of Interests of that particular Series as compared to holders of Interests of other Series).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Investment.com Collection LLC)
Certain Amendment Requirements. Notwithstanding the provisions of Section 12.1,
(a) no amendment to this Agreement shall be made without the consent of the Members holding of a majority of all of the Outstanding Interests Interests, that:
(i) decreases the percentage of Outstanding Interests required to take any action hereunder;
(ii) materially adversely affects the rights of all of the Members;
(iii) modifies Section 11.1(a) or gives any Person the right to dissolve the Company; or
(iv) modifies the term of the Company.
(b) no amendment to this Agreement shall be made without the consent of the Members holding of a majority of the Outstanding Interests of a particular Series Interests, that materially adversely affects the rights of any of Member or the holders of Interests of that particular Series as compared to holders of Interests of other SeriesCompany in any SPE.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bran Urban Growth Fund LLC)
