Common use of Amendment Requirements; Limited Partner Voting Clause in Contracts

Amendment Requirements; Limited Partner Voting. Notwithstanding the provisions of Sections 9.1 and 9.2, no provision of this Agreement that establishes a percentage of Limited Partners required to take any action shall be amended, altered, changed, repealed, or rescinded in any respect that would have the effect of reducing such voting requirement, unless approved by written consent or the affirmative vote of Limited Partners whose aggregate Limited Partner Sharing Percentages constitute not less than the voting requirement sought to be reduced. Notwithstanding the provisions of Section 9.1 and 9.2, any amendment to this Agreement that changes the allocation of Profits, Losses or distributions of the General Partner or any Limited Partner shall require the consent of the affected Partners. This Section 9.3 shall be amended only with the unanimous written consent of the General Partner and the Limited Partners. The voting requirements contained in this Section 9.3 shall be in addition to voting requirements imposed by law or other provisions contained herein.

Appears in 2 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement

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Amendment Requirements; Limited Partner Voting. Notwithstanding the provisions of Sections 9.1 and 9.29.2 of this Agreement, no provision of this Agreement that establishes a percentage of Limited Partners required to take any action shall be amended, altered, changed, repealed, or rescinded in any respect that would have the effect of reducing such voting requirement, unless approved by written consent or the affirmative vote of Limited Partners whose aggregate Limited Partner Sharing Percentages Percentage Interests constitute not less than the voting requirement sought to be reduced. Notwithstanding the provisions of Section 9.1 and 9.2, any amendment to this Agreement that changes the allocation of Profits, Losses or distributions of the General Partner or any Limited Partner shall require the consent of the affected Partners. This Section 9.3 shall be amended only with the unanimous written consent of the General Partner and the Limited Partners. The voting requirements contained in this Section 9.3 shall be in addition to voting requirements imposed by law or other provisions contained herein.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Safeway Stores 42, Inc.), Limited Partnership Agreement (Safeway Stores 42, Inc.)

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Amendment Requirements; Limited Partner Voting. Notwithstanding the provisions of Sections 9.1 and 9.2, 9.2 no provision of this Agreement that establishes a percentage of Limited Partners required to take any action shall be amended, altered, changed, repealed, or rescinded in any respect that would have the effect of reducing such voting requirement, unless approved by written consent or the affirmative vote of Limited Partners whose aggregate Limited Partner Sharing Percentages constitute Voting Percentage constitutes not less than the voting requirement sought to be reduced. Notwithstanding the provisions of Section Sections 9.1 and 9.2, any amendment to this Agreement that changes the allocation of Profits, Losses or Losses, distributions of the General Partner or any Limited Partner shall require the consent of the affected Partners. This Section 9.3 shall be amended only with the unanimous approval by written consent or affirmative vote of Limited Partners whose aggregate Voting Percentage constitutes 100% of the General Partner and the aggregate Voting Percentage of Limited Partners. The voting requirements contained in this Section 9.3 shall be in addition to voting requirements imposed by law or other provisions contained herein.

Appears in 1 contract

Samples: Limited Partnership Agreement (Young Touchstone Co)

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