Proposal and Adoption of Amendments Generally Sample Clauses

Proposal and Adoption of Amendments Generally. A. Notwithstanding anything to the contrary contained herein, the Managing Partner may, without prior notice or consent of any other Partner, amend any provision of this Agreement (including an amendment to admit an additional or successor Managing Partner) if, in its opinion, such amendment does not have a material adverse effect upon the Limited Partnership. Such amendment shall thereafter be disclosed to the Unit Holders 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 10.2. Any other amendment to this Agreement may be proposed by the Managing Partner or the Limited Partnership. The Partner or Partners proposing such amendment shall submit a Notification containing (i) the text of such amendment, (ii) a statement of the purpose of such amendment, and (iii) 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 Unit Holders, and will not adversely affect the classification of the Limited Partnership or the NPI Partnership as partnerships for federal income tax purposes. The Managing Partner shall, within 15 days after receipt of any proposal under this Section 10.1A, give Notification to all 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 Managing Partner with respect to such proposed amendment.
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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.
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Proposal and Adoption of Amendments Generally. This Agreement may be amended by the Managers without the approval of the Members to cure any ambiguity, to correct or supplement any provision of this Agreement which may be inconsistent with any other provision of this Agreement, or to make provisions which will not be inconsistent with the provisions of this Agreement, or to add to the representations, duties or obligations of the Managers, or to surrender any right or power granted to the Managers herein, for the benefit of the Members.
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Proposal and Adoption of Amendments Generally. (i) Any amendment to this Agreement may be proposed by any Partner.
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Proposal and Adoption of Amendments Generally. (a) Amendments to this Agreement which do not, in the opinion of the Managing General Partner, have a material adverse effect upon the Unitholders or which are necessary or desirable, in the reasonable determination of the Managing General Partner, to satisfy any requirements, conditions or guidelines contained in any regulation, ruling, order, directive or opinion of any federal or state agency or judicial authority or contained in any federal or state statute or to preserve the status of JetFleet II as a partnership for federal income tax purposes or to ensure that Unitholders will be treated as limited partners for federal income tax purposes, may be made by the Managing General Partner through the use of the Power of Attorney granted in Section 12.1, without the approval of any Unitholder. Amendments which shall be deemed to be of an inconsequential nature not adversely affecting the rights of the Unitholders in any material respect include, without limitation, the following:
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Proposal and Adoption of Amendments Generally. A. Notwithstanding anything to the contrary contained 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. 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 11.2. Any other amendment to this Agreement may be proposed by the General Partner or holders of at least 10% of the outstanding Depositary Units. The Unit Holder or Unit Holders 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 Unit Holder or Unit Holders proposing such amendment to the effect that such amendment is permitted by the Act, will not impair the limited liability of the Unit Holders, and will not adversely affect the classification of the Limited Partnership as a partnership for federal income tax
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Proposal and Adoption of Amendments Generally. A. Notwithstanding anything to the contrary contained 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. 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 11.2. Any other amendment to this Agreement may be proposed by the General Partner or holders of at least 10% of the outstanding Depositary Units. The Unit Holder or Unit Holders proposing such amendment shall submit a
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Proposal and Adoption of Amendments Generally. (a) Amendments to this Agreement to reflect the addition or substitution of a Limited Partner, the designation of an additional or successor General Partner or Class B Limited Partner, or the removal or withdrawal of a General Partner or Class B Limited Partner shall be made at the time and in the manner otherwise provided herein. Any other amendments to this Agreement may be proposed in the following manner:
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Related to Proposal and Adoption of Amendments Generally

  • Amendments Generally This Declaration of Trust may be restated and/or amended at any time by an instrument in writing signed by not less than a majority of the Board of Trustees and, to the extent required by this Declaration of Trust, the 1940 Act or the requirements of any securities exchange on which Shares are listed for trading, by approval of such amendment by the Shareholders in accordance with Article III, Section 6 hereof and Article V hereof. Any such restatement and/or amendment hereto shall be effective immediately upon execution and approval or upon such future date and time as may be stated therein. The Certificate of Trust shall be restated and/or amended at any time by the Board of Trustees, without Shareholder approval, to correct any inaccuracy contained therein. Any such restatement and/or amendment of the Certificate of Trust shall be executed by at least one (1) Trustee and shall be effective immediately upon its filing with the office of the Secretary of State of the State of Delaware or upon such future date as may be stated therein.

  • Execution of Amendments, etc Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on any Credit Party in any case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 10.5 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by a Credit Party, on such Credit Party.

  • Limitation of Amendments 3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any Loan Document.

  • Execution of Amendments In executing any amendment permitted by this Article V, the Rights Agent shall be entitled to receive, and shall be fully protected in relying upon, an opinion of counsel stating that the execution of such amendment is authorized or permitted by this Agreement. The Rights Agent may, but is not obligated to, enter into any such amendment that affects the Rights Agent’s own rights, privileges, covenants or duties under this Agreement or otherwise.

  • Limitation of Amendment a. The amendments set forth above are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right, remedy or obligation which Lenders or Borrower may now have or may have in the future under or in connection with any Loan Document, as amended hereby.

  • Form of Amendments (a) Promptly after the execution of any amendment, supplement or consent pursuant to Section 8.1 or 8.2, the Owner Trustee shall furnish written notification of the substance of such amendment or consent to each Unaffiliated Certificateholder and the Indenture Trustee.

  • Certain Amendments Nothing herein shall be construed to prevent the Company from amending, altering, eliminating or reducing any plans, benefits or programs so long as the Executive continues to receive compensation and benefits consistent with Sections 3 through 6.

  • Amendments to Article I The provisions of Article I of the Credit Agreement are hereby amended as follows:

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