AMENDMENT NO. 1 TO AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP FOR TEEBANK FAMILY LIMITED PARTNERSHIP
Exhibit 99.2
AMENDMENT NO. 1 TO
AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
FOR
TEEBANK FAMILY LIMITED PARTNERSHIP
Section 14.1 of the Amended and Restated Agreement of Limited Partnership for Teebank Family Limited Partnership (the "Partnership Agreement") provides that the Partnership may be amended from time to time upon the written consent of the General Partners.
The General Partners now deem it advisable to amend the Partnership Agreement as set forth herein, effective as of January 1, 2007.
Paragraph 7.2 is amended and restated to read as follows:
7.2 Appointment of Managing General Partner. The General Partners, if there are more than one General Partner, may appoint one of the General Partners to serve as the Managing General Partner. As between the General Partners, the Managing General Partner will have the right to make all decisions, execute all documents and take all action on behalf of the Partnership, except as otherwise expressly provided by this Agreement. The General Partners have designated Xxxxxx X. Xxxxxx as Managing General Partner and he hereby accepts his appointment as such. Xxxxxx X. Xxxxxx will continue to serve as the Managing General Partner so long as he desires to do so. In the event he suffers a disability and can no longer serve as Managing General Partner then his designated attorney-in-fact who he may have appointed under a durable Special Power of Attorney will be empowered to act, in a fiduciary capacity, as the Managing General Partner. If no one has been appointed then the other General Partner may select the Managing General Partner; if none, then the Limited Partners, by majority vote, will designate the Managing General Partner. In the event of Xxxxxx X. Xxxxxx'x death, then the duly appointed fiduciary of his estate, in his fiduciary capacity only, will serve as Managing General Partner. Any succeeding Managing General Partner will succeed to all of the rights and powers of the preceding Managing General Partner.
In all other respects, the Amended and Restated Partnership Agreement, as initially adopted effective January 1, 2006, will remain in full force and effect.
Amendment No. I to Agreement of Limited Partnership Teebank Family Limited Partnership | Page 1 of 2 |
In order to evidence their understanding of and agreement to all the terms and conditions of this instrument, the parties have signed multiple copies of this Agreement, each one of which, when signed by all the parties, will be considered an original.
| Date: [ILLEGIBLE], 2007 | Xxxx X. Xxxxxx Trust, General Partner |
| By: | /s/ Xxxxxx E, Xxxxxx | |
| Xxxxxx X. Xxxxxx, Trustee | ||
| /s/ Xxxxxx X. Xxxxxx | ||
| Xxxxxx X. Xxxxxx, General Partner | ||
Amited Partner:
| Xxxxxxx Xxxxxx | [ILLEGIBLE] |
Xxxxxx X. Xxxxxx, [ILLEGIBLE] of the Xxxxxx X. Xxxxxx [ILLEGIBLE] Trust u/a dated April 3, 1995
REPUBLIC
BANK & TRUST COMPANY, | Xxxxx Xxxxxx |
| By: | |||
| Title: | [ILLEGIBLE] | ||
| /s/ Xxxxxxx X. Xxxxxx | /s/ Xxxxx X. Xxxxx | ||
| Xxxxxxx X. Xxxxxx, | Xxxxx X. Xxxxx, Trustee of the Xxxxx X. Xxxxx Trust dated July 3, 1992 | ||
| Trustee of the Xxxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxx Xxxxxx Trust, dated December 27, 1989, Limited Partner Trustee of the Xxxxx Xxxxxx Trust dated January 2, 1992, Limited Partner Trustee of the Xxxxx Xxxxxx Trust, dated June 1, 1992, Limited Partner | |||
Amendment No. I to Agreement of Limited Partnership Teebank Family Limited Partnership | Page 2 of 2 |
