EXHIBIT 4.3
AMENDMENT TO AGREEMENT OF LIMITED PARTNERSHIP
Amendment to Agreement of Limited Partnership, dated as of November
14, 1997, entered into by Grove Property Trust, a Maryland corporation, as
the General Partner of Grove Operating, L.P. (the "Partnership").
WHEREAS, the General Partner desires to issue additional Partnership
Units in accordance with provisions of Section 4.3C of the Agreement of Limited
Partnership of Grove Operating L.P. dated as of March 10, 1997 (the
"Partnership Agreement"), and in connection therewith, desires to make certain
revisions to the Partnership Agreement to reflect the issuance of such
additional Partnership Interests;
NOW, THEREFORE, in consideration of the foregoing, the Partnership
Agreement is hereby amended as follows:
1. Article 1, Section 1.1 of the Partnership Agreement is hereby
amended by deleting the existing definition of "Effective Date" set forth in the
Partnership Agreement, and substituting in its place the following:
"Effective Date" means the date of consummation of the Consolidation
Transactions, upon which contributions set forth on Exhibit A shall become
effective; provided, however, that with respect to additional Partnership
Interests or Partnership Units issued pursuant to Section 4.3 hereof, the
"Effective Date" shall be the date upon which the holders of such additional
Partnership Interests or Partnership Units are admitted as limited partners of
the Partnership.
2. In all other respects, the Partnership Agreement, as modified
hereby, shall remain in full force and effect.
IN WITNESS WHEREOF, the General Partner has executed this
Amendment as of the date first written above.
GROVE PROPERTY TRUST
By: /s/ Xxxxxx X. XxXxxxxx
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Name: Xxxxxx X. XxXxxxxx
Title: Chief Financial Officer
