Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section 9.2 or Section 5.2 that: (i) affects the Members disproportionately; or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common Shares, voting together as a single class.
Appears in 24 contracts
Samples: Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Fundrise Development eREIT, LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section 9.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common Shares, voting together as a single class.
Appears in 21 contracts
Samples: Operating Agreement (Fundrise East Coast Opportunistic REIT, LLC), Operating Agreement (Fundrise Growth eREIT III, LLC), Operating Agreement (Fundrise Midland Opportunistic REIT, LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section Section 9.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or written consent of the Manager and the holders of Outstanding Common Shares of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common Shares, voting together as a single class.
Appears in 13 contracts
Samples: Operating Agreement (FundRebel Dean, LLC), Operating Agreement (Reitless Impact Income Strategies LLC), Operating Agreement (REITless Impact Opportunity Zone Strategies LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section 9.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares Units of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common SharesUnits, voting together as a single class.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (One Chestnut Realty LLC), Limited Liability Company Agreement (One Chestnut Realty LLC), Limited Liability Company Agreement (Solis Seattle, LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section Section 9.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or written consent of the Manager and the holders of Outstanding Common Shares Units of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common SharesUnits, voting together as a single class.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Birgo Reiturn Fund LLC), Limited Liability Company Agreement (Birgo Reiturn Fund LLC), Limited Liability Company Agreement (Birgo Reiturn Fund Manager LLC)
Super-Majority Amendments. Notwithstanding Section 9.18.1, any alteration or amendment to this Section 9.2 8.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common Shares, voting together as a single class.
Appears in 6 contracts
Samples: Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise National for-Sale Housing eFund, LLC), Operating Agreement (Fundrise for-Sale Housing eFUND - Los Angeles CA, LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section Section 9.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common Shares, voting together as a single class.
Appears in 5 contracts
Samples: Operating Agreement (Fundrise Growth eREIT III, LLC), Operating Agreement (Fundrise Equity REIT, LLC), Operating Agreement (Fundrise Development eREIT, LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section 9.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares Bits of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common SharesBits, voting together as a single class.
Appears in 3 contracts
Samples: Operating Agreement (Building Bits Properties I, LLC), Operating Agreement (Building Bits Properties I, LLC), Operating Agreement (Building Bits Properties I, LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section 9.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares of the Company representing at least two-thirds (2/3) of the total votes that may be cast by all such Outstanding Common Shares, voting together as a single class.
Appears in 2 contracts
Samples: Operating Agreement (Platform Ventures Diversified Housing REIT, LLC), Operating Agreement (Platform Ventures Diversified Housing REIT, LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section 9.2 or Section 5.2 that:
(i) affects the Members disproportionately; or
(ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares of the Company representing at least twothree-thirds fourths of the total votes that may be cast by all such Outstanding Common Shares, voting together as a single class.
Appears in 2 contracts
Samples: Operating Agreement (Arrived Debt Fund, LLC), Operating Agreement (Arrived SFR Genesis Fund, LLC)
Super-Majority Amendments. Notwithstanding Section 9.1, any alteration or amendment to this Section Section 9.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares Units of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common SharesUnits, voting together as a single class.
Appears in 1 contract
Super-Majority Amendments. Notwithstanding Section 9.18.1, any alteration or amendment to this Section 9.2 Section 8.2 or Section 5.2 that:
that (i) affects the Members disproportionately; or
disproportionately or (ii) materially and adversely affects the rights of the Members, will require the affirmative vote or consent of the Manager and the holders of Outstanding Common Shares of the Company representing at least two-thirds of the total votes that may be cast by all such Outstanding Common Shares, voting together as a single class.
Appears in 1 contract
