Common use of Amendment or Restatement Clause in Contracts

Amendment or Restatement. This Agreement may be amended or restated only by a written instrument executed by each of the Parties; provided, however, that after the completion of the Partnership’s initial public offering of common units representing limited partner interests, the Partnership may not, without the prior approval of the conflicts committee of the board of directors of the General Partner or, if there is no such committee, the independent members of such board of directors, agree to any amendment or modification of this Agreement that the General Partner determines will adversely affect the holders of such common units. The Parties hereto agree that, for purposes of this Section 11.10, any material change in the nature, quantity or duration of the Services to be provided under this Agreement shall constitute a modification of this Agreement.

Appears in 6 contracts

Samples: Administrative Services Agreement (Encore Energy Partners LP), Administrative Services Agreement (Encore Energy Partners LP), Administrative Services Agreement (Denbury Resources Inc)

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Amendment or Restatement. This Agreement may be amended or restated only by a written instrument executed by each of the Parties; provided, however, that after the completion of the Partnership’s initial public offering of common units representing limited partner interests, the Partnership may not, without the prior approval of the conflicts committee of the board of directors of the General Partner or, if there is no such committee, the independent members of such board of directorsits Conflicts Committee, agree to any amendment or modification of this Agreement that the General Partner determines will adversely affect the holders of such common unitsunits representing limited partner interests in the Partnership. The Parties hereto agree that, for purposes of this Section 11.108.10, any material change in the nature, quantity or duration of the Services to be provided under this Agreement shall constitute a modification of this Agreement.

Appears in 2 contracts

Samples: Administrative Services Agreement (BreitBurn Energy Partners L.P.), Administrative Services Agreement (BreitBurn Energy Partners L.P.)

Amendment or Restatement. This Agreement may be amended or restated only by a written instrument executed by each of the Parties; provided, however, that after the completion of the Partnership’s initial public offering of common units Common Units representing limited partner interests, the Partnership may not, without the prior approval of the conflicts committee of the board of directors of the General Partner Conflicts Committee or, if there is no such committee, the independent members of such board of directors, agree to any amendment or modification of this Agreement that the General Partner determines will adversely affect the holders of such common unitsCommon Units. The Parties hereto agree that, for purposes of this Section 11.109.11, any material change in the nature, quantity or duration of the Services to be provided under this Agreement shall constitute a modification of this Agreement.

Appears in 2 contracts

Samples: Administrative Services Agreement (Pioneer Southwest Energy Partners L.P.), Administrative Services Agreement (Pioneer Southwest Energy Partners L.P.)

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Amendment or Restatement. This Agreement may be amended or restated only by a written instrument executed by each of the Parties; provided, however, that after the completion of the Partnership’s initial public offering of common units representing limited partner interests, the Partnership may not, without the prior approval of the conflicts committee of the board of directors of the General Partner or, if there is no such committee, the independent members of such board of directors, agree to any amendment or modification of this Agreement that the General Partner determines will adversely affect the holders of such common unitsCommon Units. The Parties hereto agree that, for purposes of this Section 11.1010.10, any material change in the nature, quantity or duration of the Services to be provided under this Agreement shall constitute a modification of this Agreement.

Appears in 1 contract

Samples: Administrative Services Agreement (Pioneer Southwest Energy Partners L.P.)

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