Common use of Authority to Amend Clause in Contracts

Authority to Amend. Amendments to this Agreement shall require the approval of the General Partner and the Limited Partners owning a majority of the outstanding Units held by Limited Partners. Notwithstanding the foregoing, no Partner's interest in Profits, Losses or cash distributions will be reduced without the consent of that Partner. A copy of any amendment shall be mailed in advance to all of the Limited Partners.

Appears in 11 contracts

Samples: Partnership Agreement (Miller Lloyd I Iii), Partnership Agreement (Miller Lloyd I Iii), Partnership Agreement (Synergy Brands Inc)

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Authority to Amend. Amendments to this Agreement shall -------------------- require the approval of the General Partner and the Limited Partners owning a majority of the outstanding Units held by Limited Partners. Notwithstanding the foregoing, no Partner's interest in Profits, Losses or cash distributions will be reduced without the consent of that Partner. A copy of any amendment shall be mailed in advance to all of the Limited Partners.

Appears in 2 contracts

Samples: Partnership Agreement (Aldila Inc), Partnership Agreement (Aldila Inc)

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