Common use of Restricted Amendments Clause in Contracts

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.

Restricted Amendments. (A) Except with the affirmative vote of the Managing General Partner and holders of Limited Partners owning 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 purposesUnitholder who does not consent thereto, or (ii) change the form of the Partnership to a general partnership.