Amendments by General Partners Sample Clauses
Amendments by General Partners. Subject to Article V hereof, the General Partners shall have the authority to amend or modify this Agreement to the full extent permitted by law without any vote or other action by the other Partners, provided however, that any amendment hereto which would amend the Class G limited partner's right to allocations and distributions in accordance with Articles III and IV hereof or which would change the status of the Class G limited partnership interest to general partnership interest, shall require the consent of a majority in interest of the Class G limited partnership interest.
Amendments by General Partners. Notwithstanding the foregoing an amendment to this Agreement may be made without the approval or Vote of the Limited Partners whenever:
(a) there is a need to provide any provision as may be required by applicable law to be included in this Agreement;
(b) there is a need to correct a false or erroneous statement in this Agreement or to clarify a provision of this Agreement without changing the substance thereof;
(c) it is necessary or appropriate, in the opinion of counsel selected by the General Partners, to satisfy the requirements of the Code, Treasury Regulations thereunder, or administrative guidelines or interpretations relating thereto, to maintain the status of the Partnership, or to comply with the federal tax provisions so as to give effect to any benefits intended thereunder as determined by the General Partners; and
(d) any other term of this Agreement provides for amendments without the approval of the Limited Partners.
Amendments by General Partners. The General Partners shall have the authority to amend or modify this Agreement in accordance with the vote requirement of section 5.7(b) (or, in the case of Schedule D, section 5.7(a)) to the full extent permitted by law without any vote or other action by the other Partners.
Amendments by General Partners. From time to time and without prior notice to, or the consent of, any Limited Partner, but subject to Sections 10.1 and 10.2, the REIT GP may amend any provision of this Agreement or add any provision hereto if such amendment or addition is, in the opinion of the REIT GP based on advice from counsel to the Partnership (who may be an employee of the REIT GP or the Partnership), necessary or desirable for the protection or benefit of all the Limited Partners or the Partnership or necessary or desirable to cure an ambiguity in, or to correct or supplement, any provision contained herein which is defective or inconsistent with any other provision contained herein, provided that such cure, correction or supplemental provision does not and will not affect materially adversely the interests of any Limited Partner. For purposes of greater clarity and without limiting the foregoing, but subject to Sections 10.1 and 10.2, the REIT GP may make amendments to the Agreement to reflect: (i) a change in the name of the Partnership or the location of the principal office of the Partnership or the registered office of the Partnership; (ii) a change in the governing law of the Partnership to any other province of Canada; (iii) admission, substitution, withdrawal or removal of Limited Partners in accordance with this Agreement;