Common use of General Partner Power to Amend Clause in Contracts

General Partner Power to Amend. Provided that the other Partners are notified within thirty days thereafter, the General Partner may amend this Agreement to (i) add (subject to the consent of the other Partners and to the other provisions of this Agreement) to the General Partner’s duties or obligations, (ii) correct any error or resolve any ambiguity in or inconsistency among the provisions of this Agreement, (iii) delete or add any provision required to be deleted or added by any state securities commission or similar governmental authority for the benefit or protection of the other Partners, (iv) add to or change the name or principal place of [m:\wp\rhgcntrc\actech] business of the Partnership or add Limited Partners, subject to Section 10.5 above, or (v) make any change that in the General Partner’s sole opinion is necessary or prudent to satisfy any requirement, condition or guideline contained in any opinion, directive, order or ruling of any U.S., state, regional, or local agency or judicial authority, or contained in any U.S., state, or local statute, code or regulation. However, such amendments shall not without the consent of each affected Partner: (i) reduce any Partner’s Percentage Interest, (ii) change the liabilities of any Partner, (iii) convert any Limited Partner to a General Partner, (iv) allow any Limited Partner to exercise control of the Partnership’s business or (v) otherwise adversely affect any other Partner. The General Partner may execute, swear to, acknowledge, deliver, file and record any document that may be required in connection with any such amendment.

Appears in 1 contract

Samples: LyondellBasell F&F Holdco, LLC

AutoNDA by SimpleDocs

General Partner Power to Amend. Provided that the other Partners are notified within thirty days thereafter, the General Partner may amend this Agreement to (i) amend the purpose of the Partnership set forth in Section 3.2 (subject to the consent of the other Partners and to the other provisions of this Agreement), (ii) add (subject to the consent of the other Partners and to the other provisions of this Agreement) to the General Partner’s duties or obligations, (iiiii) correct any error or resolve any ambiguity in or inconsistency among the provisions of this Agreement, (iiiiv) delete or add any provision required to be deleted or added by any state securities commission or similar governmental authority for the benefit or protection of the other Partners, (ivv) add to or change the name or principal place of [m:\wp\rhgcntrc\actech] business of the Partnership or add Limited Partners, subject to Section 10.5 above, or (vvi) make any change that in the General Partner’s sole opinion is necessary or prudent to satisfy any requirement, condition or guideline contained in any opinion, directive, order or ruling of any U.S., state, regional, or local agency or judicial authority, or contained in any U.S., state, or local statute, code or regulation. However, such amendments shall not without the consent of each affected Partner: (i) reduce any Partner’s Percentage Interest, (ii) change the liabilities of any Partner, (iii) convert any Limited Partner to a General Partner, (iv) allow any Limited Partner to exercise control of the Partnership’s business or (v) otherwise adversely affect any other Partner. The General Partner may execute, swear to, acknowledge, deliver, file and record any document that may be required in connection with any such amendment.

Appears in 1 contract

Samples: Lyondell Refining LP, LLC

General Partner Power to Amend. Provided that the other Partners are notified within thirty days thereafter, the General Partner may amend this Agreement to (i) add (subject to the consent of the other Partners and to the other provisions of this Agreement) to the General Partner’s 's duties or obligations, (ii) correct any error or resolve any ambiguity in or inconsistency among the provisions of this Agreement, (iii) delete or add any provision required to be deleted or added by any state securities commission or similar governmental authority for the benefit or protection of the other Partners, (iv) add to or change the name or principal place of [m:\wp\rhgcntrc\actech] business of the Partnership or add Limited Partners, subject to Section 10.5 10.6 above, or (v) make any change that in the General Partner’s 's sole opinion is necessary or prudent to satisfy any requirement, condition or guideline contained in any opinion, directive, order or ruling of any U.S., state, regional, or local agency or judicial authority, or contained in any U.S., state, or local statute, code or regulation. However, such amendments shall not without the consent of each affected Partner: (i) reduce any Partner’s 's Percentage Interest, (ii) change the liabilities of any Partner, (iii) convert any Limited Partner to a General Partner, (iv) allow any Limited Partner to exercise control of the Partnership’s 's business or (v) otherwise adversely affect any other Partner. The General Partner may execute, swear to, acknowledge, deliver, file and record any document that may be required in connection with any such amendment.

Appears in 1 contract

Samples: Lyondell Chemical Nederland LTD

AutoNDA by SimpleDocs

General Partner Power to Amend. Provided that the other Partners are notified within thirty days thereafter, the General Partner may amend this Agreement to (i) add (subject to the consent of the other Partners and to the other provisions of this Agreement) to the General Partner’s duties or obligations, (ii) correct any error or resolve any ambiguity in or inconsistency among the provisions of this Agreement, (iii) delete or add any provision required to be deleted or added by any state securities commission or similar governmental authority for the benefit or protection of the other Partners, (iv) add to or change the name or principal place of [m:\wp\rhgcntrc\actech] business of the Partnership or add Limited Partners, subject to Section 10.5 above, or (v) make any change that in the General Partner’s sole opinion is necessary or prudent to satisfy any requirement, condition or guideline contained in any opinion, directive, order or ruling of any U.S., state, regional, or local agency or judicial authority, or contained in any U.S., state, or local statute, code or regulation. However, such amendments shall not without the consent of each affected Partner: (i) reduce any Partner’s Percentage Interest, (ii) change the liabilities of any Partner, (iii) convert any Limited Partner to a General Partner, (iv) allow any Limited Partner to exercise control of the Partnership’s business or (v) otherwise adversely affect any other Partner. The General Partner may execute, swear to, acknowledge, deliver, file and record any document that may be required in connection with any such amendment.

Appears in 1 contract

Samples: Lyondell Refining LP, LLC

Time is Money Join Law Insider Premium to draft better contracts faster.