Common use of Certain Amendments Not Requiring Consent of Limited Partners Clause in Contracts

Certain Amendments Not Requiring Consent of Limited Partners. The General Partner may modify or amend this Agreement without the consent of the Limited Partners in each of the following instances, provided that any such modification or amendment does not materially adversely affect the rights, obligations or Interests of the Limited Partners: to change the name of the Fund; to cure any typographical error; to satisfy any requirements, conditions or guidelines contained in any opinion, directive, order, ruling, regulation or statute of any governmental body that will not be inconsistent with this Agreement; [to prevent the Fund or the General Partner from, in any manner, being deemed an “investment company” subject to the provisions of the Investment Company Act]; and to update Schedule 1 (Partner Commitments) from time to time to ensure that it is complete and accurate.

Appears in 5 contracts

Samples: Ilpa Model, Ilpa Model, Ilpa Model

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