Restricted Amendments Clause Samples
Restricted Amendments. (A) Except with the affirmative vote of the Managing General Partner and holders of 95% of the outstanding Class A Units for which the Partnership has valid current addresses, no amendment shall be adopted which would (i) result in the loss of limited liability of any Limited Partner or result in the Partnership being treated as an association taxable as a corporation for federal income tax purposes, or (ii) change the form of the Partnership to a general partnership.
(B) Notwithstanding the provisions of Section 6.11, no provision of this Agreement which establishes a percentage of votes required of the Partners to take any action shall be amended, altered, changed, respected or rescinded in any respect which would have the effect of reducing the voting requirement, unless such action is approved by the written consent or the affirmative vote of holders of outstanding Class A Units whose aggregate percentage interests in such Class A Units constitute not less than the voting requirements sought to be reduced. This Section 6.12(B) shall only be amended with the approval by written consent or affirmative vote of the Managing General Partner and holders of 95% of the outstanding Class A Units for which the Partnership has valid current addresses.
(C) Notwithstanding the provisions of Section 6.11, the consent of the Special General Partner shall be required for any amendment, if such amendment would increase the Special General Partner’s duties or liabilities or if the amendment would have materially adverse consequences to the Special General Partner.
Restricted Amendments. The Company will not, and will not permit the Trust or any Restricted Subsidiary to, terminate, make any amendment to or waive any provision of any of the Material Contracts if to do so could reasonably be expected to have a Material Adverse Effect. The Company will provide copies of all Material amendments, supplements or replacements of any Material Contract to the holders of the Notes. Notwithstanding the foregoing, the Company will not permit any amendment to the terms of the Material Contracts as they relate to the determination and calculation of Distributions that can be distributed by the Trust, the Company and the Restricted Subsidiaries without the prior written consent of the Required Holders if such amendment would materially change the determination and method of calculation of such Distributions.
Restricted Amendments. (A) Except with the affirmative vote of the General Partner and Limited Partners owning 95% of the outstanding Units for which the Partnership has valid current addresses, no amendment shall be adopted which would (i) result in the loss of limited liability of any Unitholder who does not consent thereto, or (ii) change the form of the Partnership to a general partnership.
(B) Upon the approval of a Majority Interest, the form of the Partnership may be changed to a corporation if the General Partner has determined that such change is advisable as a result of amendments to the Code that result in the Partnership being taxed as a corporation.
(C) Notwithstanding the provisions of Section 18.1, no provision of this Agreement which establishes a percentage of votes required of the Partners to take any action shall be amended, altered, changed, or rescinded in any respect which would have the effect of reducing the voting requirement, unless such action is approved by Limited Partners holding outstanding Units whose aggregate percentage interests in such Units constitute not less than the voting requirements sought to be