Common use of Certain Amendment Requirements Clause in Contracts

Certain Amendment Requirements. (a) Notwithstanding the provisions of Section 12.01 and except as set forth in Section 12.02(b), no amendment to this Agreement shall be made without the consent of the Economic Members holding of a majority of the outstanding Shares of all Series voting as a single class, that: (i) decreases the percentage of outstanding Shares required to take any action hereunder; (ii) materially adversely affects the rights of any of the Economic Members (including adversely affecting the holders of any particular Series of Shares as compared to holders of other series of Shares); (iii) modifies Section 11.01(a) or gives any Person the right to dissolve the Company; or (iv) modifies the term of the Company. (b) Notwithstanding the provisions of Section 12.01 and unless otherwise indicated in a Series Designation, any amendment to a Series Designation that materially adversely affects the rights of any of the Economic Members such Series shall only require the consent of the Managing Member and of the Economic Members holding of a majority of the outstanding Shares of such Series.

Certain Amendment Requirements. (a) Notwithstanding the provisions of Section 12.01 and except as set forth 12.1, (a) no amendment to this Agreement shall be made without the consent of the Economic Members holding of 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 Economic Members; (iii) modifies Section 11.1(a) or gives any Person the right to dissolve the Company other than in Section 12.02(b), accordance with the terms of this Agreement; or (iv) modifies the term of the Company. (b) no amendment to this Agreement shall be made without the consent of the Economic Members holding of a majority of the outstanding Shares Outstanding Interests of all Series voting as a single classparticular Series, that: (i) decreases the percentage of outstanding Shares required to take any action hereunder; (ii) materially adversely affects the rights of any of the Economic Members (including adversely affecting the holders of any Interests of that particular Series of Shares as compared to holders of Interests of other series of SharesSeries); (iii) modifies Section 11.01(a) or gives any Person the right to dissolve the Company; or (iv) modifies the term of the Company. (b) Notwithstanding the provisions of Section 12.01 and unless otherwise indicated in a Series Designation, any amendment to a Series Designation that materially adversely affects the rights of any of the Economic Members such Series shall only require the consent of the Managing Member and of the Economic Members holding of a majority of the outstanding Shares of such Series.