EXHIBIT 3.2
FIRST AMENDMENT TO
AMENDED AND RESTATED AGREEMENT
OF LIMITED PARTNERSHIP OF
MARRIOTT RESIDENCE INN II LIMITED PARTNERSHIP
This agreement (the "Amendment") amends that certain Amended and
Restated Agreement of Limited Partnership (the "Partnership Agreement") of
Marriott Residence Inn II Limited Partnership (the "Partnership") dated as of
December 28, 1988.
WHEREAS, Marriott RIBM Two Corporation as general partner (the "General
Partner"), Xxxxxxxxxxx X. Xxxxxxxx as Organizational Limited Partner, the
General Partner as attorney in fact for all of the limited partners (the
"Limited Partners") of the Partnership, Marriott Corporation and Host
International, Inc. (the latter two solely for purposes of Section 5.03B of the
Partnership Agreement) entered into the Partnership Agreement; and
Whereas, Section 11.02E of the Partnership Agreement permits the
General Partner to amend the Partnership Agreement, without the Consent of the
Limited Partners, to clarify the provisions of the Partnership Agreement so long
as the amendment does not adversely affect the rights of the Limited Partners;
and
Whereas, Section 9.04B of the Partnership Agreement provides that
within 120 days of the end of each Fiscal Year of the Partnership, the General
Partner shall provide a report (the "Annual Report") setting forth certain
financial data of the Partnership; and
Whereas, because the Partnership began business on December 28, 1988,
the cost and effort to the Partnership of producing the Annual Report would be
prohibitive in relation to the data which would be supplied for the remainder of
Fiscal Year 1988; and
Whereas, the data which would be supplied in the Fiscal Year 1988
Annual Report will be included in the Fiscal Year 1989 Annual Report; and
Whereas, the General Partner for itself and as attorney in fact for the
Limited Partners, now wishes to amend the Partnership Agreement to provide that
an Annual Report for Fiscal Year 1988 not be supplied.
NOW, THEREFORE, in consideration of the mutual promises and covenants
contained herein and for good and valuable consideration, the parties hereto,
intending to be legally bound hereby, mutually agree to amend the Partnership
Agreement as follows:
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EXHIBIT 3.2
1. Section 9.04B on page 33 of the Partnership Agreement shall be amended by
inserting on line 1 of the subsection after the words "each Fiscal Year of the
Partnership" the words "after Fiscal Year 1988."
2. Any other sections of the Partnership Agreement referring to the requirement
that the General Partner provide an Annual Report shall be deemed to have been
amended in accordance with paragraph 1 of this Amendment.
3. All defined terms contained in this Amendment, unless otherwise defined
herein, shall have the meaning contained in the Partnership Agreement.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the 1st day
of April, 1989.
MARRIOTT MHP TWO CORPORATION
General Partner
By: /s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx
President
LIMITED PARTNERS:
MARRIOTT MHP TWO CORPORATION
as Attorney in Fact for
all Limited Partners
By: /s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx
President
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