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

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.1.A, 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 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 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 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; and (6) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal or state agency or contained in federal or state law. The General Partner shall provide notice to the Limited Partners when any action under this Section 14.1.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 14.1.A14.1.A and without limitation to the rights of the General Partner pursuant to Sections 7.3, 14.1.C or 14.1.D, 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 obligation 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 or 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 Section 4.2.A or Section 4.2.B hereof4.2.A; (4) to modify the term of the Partnership as set forth in Section 2.5; (5) to reflect a change that is of an inconsequential nature and does not adversely affect the Limited Partners in any material respect, or to cure any ambiguity, correct or supplement any provision provisions 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; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal or state agency or contained in federal or state law. The General Partner shall provide notice to the Limited Partners when any action under this Section 14.1.B has been takenis taken in the next regular communication to the Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Cornerstone Properties Inc)

Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.1.A14.1.A or 14.1.C, 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 Partners or any Affiliate of the General Partner for the benefit of the Limited Partners; (2) to reflect the admission, substitution, termination, or withdrawal of 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 Section 4.2.A or Section 4.2.B hereofArticle IV; (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 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; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal federal, state or state local agency or contained in federal federal, state or state local law. The General Partner shall provide notice to notify the Limited Partners when any action under this Section 14.1.B has been takenis 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 14.1.A14.1.A or 14.1.C, 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 Partners in accordance with this AgreementAgreement (which may be effected through the replacement of Exhibit A and Exhibit E with an amended Exhibit A and Exhibit E); (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 Section 4.2.A or Section 4.2.B hereofArticle IV; (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 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; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal federal, state or state local agency or contained in federal federal, state or state local law. The General Partner shall provide notice to notify the Limited Partners when any action under this Section 14.1.B has been takenis taken in the next regular communication to the Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Burnham Pacific Properties Inc)

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Amendments Not Requiring Limited Partner Approval. Notwithstanding Section 14.1.A14.1.A or Section 14.1.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, or withdrawal of Partners 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 Section 4.2.A or Section 4.2.B hereofArticle IV hereof (including, without limitation, to reflect amendments expressly permitted under Sections 5.4, 6.2, and 8.6.E); (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; and (65) to satisfy any requirements, conditions, or guidelines contained in any order, directive, opinion, ruling or regulation of a federal federal, state or state local agency or contained in federal federal, state or state local law. The General Partner shall provide notice to notify the Limited Partners when any action under this Section 14.1.B has been is taken.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Camden Property Trust)

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