Proposal and Adoption of Amendments. This Agreement may be amended, after giving 20 days' Notice to the Partners hereunder (a) by the General Partner with the Consent of the Investment Partnership, which Consent (except in the case of any proposed amendment which the Investment Partnership reasonably determines to be adverse to their interests as Partners) shall not be unreasonably withheld or (b) by the Investment Partnership without the Consent of the General Partner, (except in the case of any proposed amendment which the General Partner reasonably determines to be adverse to its interest as Partner, and if such Consent is required by the foregoing, which Consent shall not be unreasonably withheld or delayed). In determining whether or not to give its Consent to an amendment prepared by the Investment Partnership, the General Partner agrees to take into account the investment objectives of the Investment Partnership.
Proposal and Adoption of Amendments. Generally -----------------------------------------------------------
A. Notwithstanding anything to the contrary herein, the General Partner may, without prior notice or Consent of any Unit Holder, amend any provision of this Agreement (including an amendment to admit an additional General Partner or a successor General Partner in the event of the withdrawal or removal of the General Partner) if, in its opinion, such amendment does not have a material adverse effect upon the Unit Holders or otherwise is permitted by Section 8.
Proposal and Adoption of Amendments. Generally A-55 Section 11.2 Amendments on Admission or Removal of Partner X-00 Xxxxxxx 00.0 Xxxxxx X-00 Section 11.4 Exchange Offers A-57 ARTICLE TWELVE Consents, Voting and Meetings Section 12.1 Methods of Giving Consent A-58 Section 12.2 Meetings of Unit Holders A-59 Section 12.3 Limitations on Requirements for Consents A-59 Section 12.4 Submissions to Unit Holders A-59 Section 12.5 Acting Without Concurrence of General Partner A-59 ARTICLE THIRTEEN
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A. Notwithstanding anything to the contrary contained herein, the Managing Partners may, without prior notice or consent of any other Partner, amend any provision of this Agreement (including an amendment to admit an additional Managing Partner) if, in their opinion, such amendment does not have a material adverse effect upon the Limited Partnership. Such amendment shall thereafter be disclosed to the Limited Partners within a reasonable time thereafter. Amendments to this Agreement to reflect the addition or substitution of a Partner or the admission of a successor Managing Partner shall be made at the time and in the manner referred to in Section 10.
Proposal and Adoption of Amendments. Generally ------------------------------------------------------------
A. Notwithstanding anything to the contrary contained herein, the General Partners may, without prior notice or consent of any Limited Partner, amend any provision of this Agreement (including an amendment to admit an additional General Partner or a successor General Partner in the event of the Removal of a General Partner by the other General Partner) if, in their opinion, such amendment does not have a material adverse effect upon the Limited Partners. Each Limited Partner hereby consents in advance to the admittance of such additional or successor General Partner for purposes of Section 10 of the Act. Such amendment shall thereafter be disclosed to the Limited Partners within a reasonable time thereafter. Amendments to this Agreement to reflect the addition or substitution of a Limited Partner or the admission of a successor General Partner shall be made at the time and in the manner referred to in Section 10.2. Any other amendment to this Agreement may be proposed by the General Partners or at least 10% in interest (as to capital and Profits and Losses) of the Limited Partners. The Partner or Partners proposing such amendment shall submit a Notification containing (a) the text of such amendment, (b) a statement of the purpose of such amendment, and (c) an opinion of counsel obtained by the Partner or Partners proposing such amendment to the effect that such amendment is permitted by the Act, will not impair the limited liability of the Limited Partners, and will not adversely affect the classification of the Limited Partnership as a partnership for Federal income tax purposes. The General Partners shall, within 15 days after receipt of any proposal under this Section l0.lA, give Notification tx xxx Partners of such proposed amendment, of such statement of purpose and of such opinion of counsel, together, in the case of an amendment proposed by other Partners, with the views, if any, of the General Partners with respect to such proposed amendment.
B. Amendments to this Agreement shall be adopted if: (i) in the case of amendments referred to in Section l0.2A, the conditions specified in Section 7.3 shall have been satisfactorily completed and the Limited Partnership shall not have been furnished with an opinion of counsel to the Limited Partnership to the effect that such amendment will adversely affect the classification of the Limited Partnership as a partnership for Federal income ...
Proposal and Adoption of Amendments. This Agreement may be amended by the General Partner with the Consent of BCTC 94. ARTICLE XV
Proposal and Adoption of Amendments. (a) This Agreement may be amended by the Managing Member with the Consent of the Investor Member or by the Investor Member with the Consent of the Managing Member.
(b) The Company shall bear the expense, including attorneys’ fees and filing expenses, of amendments to this Agreement provided however, that if the Company does not have sufficient Operating Income to bear such expenses the party proposing an amendment to this Agreement shall bear the expenses thereof.
Proposal and Adoption of Amendments. This Agreement may be amended, after giving 20 days' Notice to the Partners, the Second Lender and BBOC (the "Amendment Notice Period") hereunder (a) by the General Partner with the Consent of the Investment Partnership, which Consent (except in the case of any proposed amendment which the Investment Partnership reasonably determines to be adverse to their interests as Partners) shall not be unreasonably withheld or (b) by the Investment Partnership with the consent of the General Partner which Consent (except in the case of any proposed amendment which the General Partner reasonably determine to be adverse to their interests as Partners) shall not be unreasonably withheld or delayed. In determining whether or not to give its Consent to an amendment prepared by the Investment Partnership, the General Partner agrees to take into account the investment objectives of the Investment Partnership. Additionally, Consent under this Article XIV must be obtained from the Second Lender and BBOC, which Consent shall not be unreasonably withheld or delayed. In the event that the Second Lender and/or the BBOC has not provided a written response to the Partnership as to its Consent within the Amendment Notice Period, then said non- responding party shall be deemed to have given its Consent to such proposed amendment.
Proposal and Adoption of Amendments. This Agreement may be amended, after giving 20 days' Notice to the Members hereunder (a) by the Member-Manager with the Consent of the Members, which Consent (except in the case of any proposed amendment which the Members reasonably determine to be adverse to their interests as Members) shall not be unreasonably withheld or (b) by the Members with the Consent of the Member-Manager which Consent (except in the case of any proposed amendment which the Member-Manager reasonably determine to be adverse to their interests as Members) shall not be unreasonably withheld or delayed. In determining whether or not to give its Consent to an amendment prepared by the Members, the Member-Manager agrees to take into account the investment objectives of the Investment Member. The proposed amendment hereunder shall become effective at such time as it has been approved in writing by all Members.
Proposal and Adoption of Amendments. This Agreement may be amended by the General Partner with the Consent of BCTC 94. MHFA's Consent is also required if the proposed amendment to this Agreement would directly affect MHFA's rights under any of the Project Documents.
