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 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.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B), Limited Partnership Agreement (Geodyne Energy Income LTD Partnership Ii-B)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!