Common use of Amendments Not Requiring Limited Partner Approval Clause in Contracts

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or Section 14.01.C hereof, the General Partner shall have the power, without the Consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination or withdrawal of any Partner in accordance with this Agreement; (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereof; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (6) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners when any action under this Section 14.01.B is taken in the next regular communication to the Limited Partners.

Appears in 6 contracts

Samples: Agreement of Limited Partnership (Gramercy Property Trust Inc.), Limited Partnership Agreement (Gramercy Property Trust Inc.), Limited Partnership Agreement (Gramercy Capital Corp)

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Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or Section 14.01.C hereof, the General Partner shall have the power, without the Consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination or withdrawal of any Partner in accordance with this Agreement; (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereof; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed PropertyAssets, as contemplated in Section 7.05.A hereof; and (6) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners when any action under this Section 14.01.B is taken in the next regular communication to the Limited Partners.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Gramercy Property Trust), Limited Partnership Agreement (Cb Richard Ellis Realty Trust), Limited Partnership Agreement (Cb Richard Ellis Realty Trust)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A 14.1.A or Section 14.01.C hereof14.1.C, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this AgreementAgreement (which may be effected through the replacement of Exhibit A with an amended Exhibit A); (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereofIV; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisionsprovisions of this Agreement, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited Partners.

Appears in 5 contracts

Samples: Agreement of Limited Partnership (Presidio Golf Trust), Limited Partnership Agreement (Eldertrust), Limited Partnership Agreement (Eldertrust)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or 14.1.A but subject to Section 14.01.C hereof14.1.C, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this AgreementAgreement (which may be affected through the replacement of the Partner Registry with an amended Partner Registry); (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereofIV; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisionsprovisions of this Agreement, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners in writing when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited PartnersPartners or within 90 days of the date thereof, whichever is earlier.

Appears in 5 contracts

Samples: Limited Partnership Agreement (U-Store-It Trust), Limited Partnership Agreement (U-Store-It Trust), Limited Partnership Agreement (Carramerica Realty Corp)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A 14.1.A or Section 14.01.C 14.1.C hereof, the General Partner shall have the power, without the Consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination or withdrawal of any Partner in accordance with this Agreement; (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereof; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited Partners.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Sl Green Realty Corp), Limited Partnership Agreement (Mendik Co Inc), Agreement of Limited Partnership (Sl Green Realty Corp)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A 14.1.A or Section 14.01.C hereof14.1.C, the Managing General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner Partners or surrender any right or power granted to the General Partner Partners or any Affiliate of the a General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this AgreementAgreement (which may be effected through the replacement of Exhibit A with an amended Exhibit A); (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereofIV; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisionsprovisions of this Agreement, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The Managing General Partner shall notify the Limited Partners when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited Partners.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Equity Office Properties Trust), Limited Partnership Agreement (Equity Office Properties Trust), Limited Partnership Agreement (Equity Office Properties Trust)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or Section 14.01.C hereof14.1.A, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any provision of this Agreement which is within the following purposesGeneral Partner's discretion hereunder, including without limitation, the following: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this Agreement; (3) to set forth and reflect in the Agreement the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV Section 4.2 hereof; (4) to reflect a change that is of an inconsequential nature and does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, federal or state or local agency or contained in federal, federal or state or local law. The General Partner shall notify provide notice to the Limited Partners when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited Partnerstaken.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Shelbourne Properties Ii Inc), Limited Partnership Agreement (Shelbourne Properties Iii Inc), Limited Partnership Agreement (Shelbourne Properties I Inc)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or 15.1.A but subject to Section 14.01.C hereof15.1.C, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination or withdrawal of any Partner Partners in accordance with this AgreementAgreement (which may be effected through the replacement of Exhibit A with an amended Exhibit A); (3) to set forth the designations, rights, powers, duties, duties and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereofIV; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisionsprovisions of this Agreement, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners in writing when any action under this Section 14.01.B 15.1.B is taken in the next regular communication to the Limited PartnersPartners or within 90 days of the date thereof, whichever is earlier.

Appears in 3 contracts

Samples: Agreement of Limited Partnership (Host Hotels & Resorts L.P.), Agreement of Limited Partnership (Host Hotels & Resorts, Inc.), Limited Partnership Agreement (Host Hotels & Resorts L.P.)

Amendments Not Requiring Limited Partner Approval. Notwithstanding ------------------------------------------------- Section 14.01.A or 15.1.A but subject to Section 14.01.C hereof15.1.C, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination or withdrawal of any Partner in accordance with this Agreement; (3) to set forth the designations, rights, powers, duties, duties and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereofIV; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisionsprovisions of this Agreement, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners in writing when any action under this Section 14.01.B 15.1.B is taken in the next regular communication to the Limited PartnersPartners or within 90 days of the date thereof, whichever is earlier.

Appears in 2 contracts

Samples: Agreement of Limited Partnership (Host Marriott Trust), Agreement of Limited Partnership (Host Marriott L P)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or Section 14.01.C hereof14.1.A, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this AgreementAgreement (which may be effected through the replacement of Exhibit A hereto with an amended Exhibit A); (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV Section 4.2.A or Section 4.2.B hereof; (4) to modify the term of the Partnership as set forth in Section 2.5; (5) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (6) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, federal or state or local agency or contained in federal, federal or state or local law. The General Partner shall notify provide notice to the Limited Partners when any action under this Section 14.01.B is taken in the next regular communication to the Limited Partners14.1.B has been taken.

Appears in 1 contract

Samples: Limited Partnership Agreement (Carramerica Realty Corp)

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Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A 14.01(a) or Section 14.01.C 14.01(c) hereof, the General Partner shall have the power, without the Consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination or withdrawal of any Partner in accordance with this Agreement; (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereof; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed PropertyAssets, as contemplated in Section 7.05.A 7.05(a) hereof; and (6) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners when any action under this Section 14.01.B 14.01(b) is taken in the next regular communication to the Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cb Richard Ellis Realty Trust)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A 14.1.A or Section 14.01.C hereof14.1.C, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this AgreementAgreement (which may be effected through the replacement of Exhibit A with an amended Exhibit A); (3) to set forth and reflect in this Agreement the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereofIV; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in of this Agreement not inconsistent with law or with other provisionsprovisions of this Agreement, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (National Health Realty Inc)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or Section 14.01.C hereof14.1.A, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any provision of this Agreement which is within the following purposesGeneral Partner’s discretion hereunder, including without limitation, the following: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this Agreement; (3) to set forth and reflect in the Agreement the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV Section 4.2 hereof; (4) to reflect a change that is of an inconsequential nature and does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, federal or state or local agency or contained in federal, federal or state or local law. The General Partner shall notify provide notice to the Limited Partners when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited Partnerstaken.

Appears in 1 contract

Samples: Limited Partnership Agreement (First Union Real Estate Equity & Mortgage Investments)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or Section 14.01.C hereofany provision of this Agreement to the contrary, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this AgreementAgreement (which may be affected through the replacement of the Partner Registry with an amended Partner Registry); (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereofIV; (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisionsprovisions of this Agreement, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (6) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law; or (6) to provide for terms and conditions with respect to Partnership Interests that are consistent with the rights and benefits, restrictions and obligations of the Shares, including to reflect any amendment to the Articles of Associate of the General Partner. The General Partner shall notify the Limited Partners in writing when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited PartnersPartners or within 90 days of the date thereof, whichever is earlier.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Gadsden Growth Properties, Inc.)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A or Section 14.01.C hereof, the General Partner shall have the power, without the Consent consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner Partners in accordance with this Agreement; (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV 4 hereof; (4) to reflect a change that is of an inconsequential nature and does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms of hereof to reflect any Specially Distributed PropertyAssets, as contemplated in Section 7.05.A hereof; and (6) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, federal or state or local agency or contained in federal, federal or state or local law. The General Partner shall notify provide notice to the Limited Partners when any action under this Section 14.01.B is taken in the next regular communication to the Limited Partnerstaken.

Appears in 1 contract

Samples: Limited Partnership Agreement (Lexington Strategic Asset Corp)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.01.A 14.1.A or Section 14.01.C 14.1.C hereof, the General Partner shall have the power, without the 58 Consent of the Limited Partners, to amend this Agreement as may be required to facilitate or implement any of the following purposes: (1) to add to the obligations of the General Partner or surrender any right or power granted to the General Partner or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination termination, or withdrawal of any Partner in accordance with this Agreement; (3) to set forth the designations, rights, powers, duties, and preferences of the holders of any additional Partnership Interests issued pursuant to Article IV hereofhereof (including, without limitation, to reflect amendments expressly permitted under Sections 5.4, 6.2, and 8.6.E); (4) to reflect a change that does not adversely affect any of the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision in this Agreement not inconsistent with law or with other provisions, or make other changes with respect to matters arising under this Agreement that will not be inconsistent with law or with the provisions of this Agreement or as may be expressly provided by any other provisions of this Agreement; (5) to adjust the terms hereof to reflect any Specially Distributed Property, as contemplated in Section 7.05.A hereof; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal, state or local agency or contained in federal, state or local law. The General Partner shall notify the Limited Partners when any action under this Section 14.01.B 14.1.B is taken in the next regular communication to the Limited Partnerstaken.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Camden Property Trust)

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