Common use of Proposal and Adoption of Amendments Generally Clause in Contracts

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.