1
Exhibit 10.50
AMENDMENT TO AGREEMENT OF LIMITED PARNERSHIP
OF
HEART HOSPITAL, IV, L.P.
THIS AMENDMENT (the "Amendment") to the Agreement of Limited
Partnership, as amended, (the "Partnership Agreement") of Heart Hospital, IV,
L.P. (the "Partnership") is made and entered pursuant to Section 11.2 of the
Partnership Agreement.
RECITALS
WHEREAS, the Partners desire to amend the Partnership Agreement in
accordance with the terms of this Amendment.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency which is hereby acknowledged, the Partners agree as follows:
1. The following provision shall be inserted at the end of Section 1.18
of the Partnership Agreement:
Notwithstanding anything herein to the contrary, if, as a
result of the Exchange described at Section 8.4 of the
Agreement, as amended, an Investor Partner that was one of the
first five (5) Investor Partners that initially acquired at
least a four percent (4%) Partnership Interest ceases to own a
four percent (4%) Partnership Interest but continues to own at
least a three percent (3%) Partnership Interest, then such
Investor Partner shall continue to be entitled to designate
one (1) Investor Representative.
2. The mistaken references to "Section 1.17" in Section 5.13 shall be
deleted and "Section 1.18" shall be inserted in their place.
3. All terms not defined herein shall have the meaning provided
therefor in the Partnership Agreement.
4. Except as expressly provided herein, all terms and conditions of the
Partnership Agreement shall remain in full force and effect.
5. This Amendment shall be effective when approved by the Partners in
accordance with Section 11.2 of the Partnership Agreement.
6. The General Partner is hereby authorized to execute an Amended and
Restated Agreement of Limited Partnership incorporating all amendments to the
Partnership Agreement approved in accordance with the terms of the Partnership
Agreement.
IN WITNESS WHEREOF, the Partners have approved and consented to this
Amendment as of the 3rd day of May, 2001.
HEART HOSPITAL, IV, L.P.
By Hospital Management IV, Inc.
By: /s/ signature illegible
-----------------------------------
Its: Vice President
----------------------------------