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

Certain Amendments Not Requiring Consent of Limited Partners. no modification of or amendment to this Agreement shall be made that will: modify or amend the Investment Objectives, the Investment Policy, Section 4.1, (Maximum Fund Size), Section 7.1 (Investment Restrictions) or the provisions set out in Article 19 (Amendments; Power of Attorney), without the prior written consent of [90]% in Interest; modify or amend any Section which refers to the approval of the Limited Partners by a specified majority (or a majority of a certain class of Limited Partners) without the prior written consent of the Limited Partners representing at least such majority; adversely affect the rights of any ERISA Partner, BHCA Partner, Tax Exempt Partner or Non-U.S. Partner in a manner that does not similarly and adversely affect the other Limited Partner generally, without the written consent of a majority in interest of the ERISA Partners, BHCA Partners, Tax Exempt Partners or Non-U.S. Partners, respectively; modify the definitions of “ERISA Partner”, “Applicable Law”, “Limited Partner Regulatory Problem”, “BHCA”, “BHCA Interest”, “BHCA Partner”, “Tax Exempt Partner”, “UBTI”, “Non-U.S. Partner” or “ECI”; or adversely affect the rights of a Limited Partner in a manner that (i) discriminates against such Limited Partner vis-à-vis any other Limited Partner, (ii) modifies Article 14 (Distributions; Allocations), (iii) modifies Section 8.3 (Management Fee) or (iv) increases the Commitment of a Limited Partner without the prior written consent of each Limited Partner affected thereby.

Appears in 5 contracts

Samples: Ilpa Model, Ilpa Model, Ilpa Model

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