Common use of Certain Amendments Clause in Contracts

Certain Amendments. (a) Without the prior approval of a Two-Thirds Interest, the Partnership shall not amend the Incentive Compensation Agreement and the General Partner shall not permit the Partnership or any Operating Partnership to amend any compensation arrangement for the General Partner, unless, in any case, such amendment does not, in the good faith opinion of the General Partner, in its capacity as general partner of the Partnership or the indirect owner of the general partner of the Operating Partnerships, as applicable, adversely affect the Limited Partners in any material respect. (b) The General Partner shall not cause the Partnership to approve any amendment to an Operating Partnership Agreement pursuant to Section 13.2 thereof unless such amendment is approved by a Majority Interest.

Appears in 4 contracts

Sources: Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye GP Holdings L.P.)

Certain Amendments. (a) Without the prior approval of a Two-Thirds Interest, the Partnership shall not amend the Incentive Compensation Agreement amend, and the General Partner shall not permit the Partnership or any Operating Partnership to amend amend, any compensation arrangement for the General Partner, unless, in any case, such amendment does not, in the good faith opinion of the General Partner, in its capacity as general partner of the Partnership or the indirect owner of the general partner of the Operating Partnerships, as applicable, adversely affect the Limited Partners in any material respect. (b) The General Partner shall not cause the Partnership to approve any amendment to an Operating Partnership Agreement pursuant to Section 13.2 thereof unless such amendment is approved by a Majority Interest.

Appears in 3 contracts

Sources: Limited Partnership Agreement (Buckeye Partners, L.P.), Merger Agreement (Buckeye GP Holdings L.P.), Limited Partnership Agreement

Certain Amendments. (a) Without the prior approval of a Two-Thirds Interest, the Partnership General Partner shall not amend the Incentive Compensation Agreement and the General Partner shall not or permit the Partnership or any Operating Partnership to amend any compensation arrangement for the General PartnerPartner or the Manager, unless, in any case, such amendment does not, in the good faith opinion of the General Partner, in its capacity as general partner of the Partnership or the indirect owner of the general partner of the Operating Partnerships, as applicable, adversely affect the Limited Partners in any material respect. (b) The General Partner shall not cause the Partnership to approve any amendment to an Operating Partnership Agreement pursuant to Section 13.2 thereof unless such amendment is approved by a Majority Interest.

Appears in 3 contracts

Sources: Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P)

Certain Amendments. (a) Without the prior approval of a Two-Thirds Interest, the Partnership shall not amend the Incentive Compensation Agreement and the General Partner shall not permit the Partnership or any Operating Partnership to amend any compensation arrangement for the General Partner, unless, in any case, such amendment does not, in the good faith opinion of the General Partner, in its capacity as general partner of the Partnership or the indirect owner of the general partner of the Operating Partnerships, as applicable, adversely affect the Limited Partners in any material respect. (b) The General Partner shall not cause the Partnership to approve any amendment to an Operating Partnership Agreement pursuant to Section 13.2 thereof unless such amendment is approved by a Majority Interest.

Appears in 2 contracts

Sources: Credit Agreement (Buckeye Partners L P), Limited Partnership Agreement (Buckeye Partners L P)

Certain Amendments. (a) Without the prior approval of a Two-Two- Thirds Interest, the Partnership General Partner shall not amend the Incentive Compensation Agreement and the General Partner shall not or permit the Partnership or any Operating Partnership to amend any compensation arrangement for the General PartnerPartner or the Manager, unless, in any case, such amendment does not, in the good faith opinion of the General Partner, in its capacity as general partner of the Partnership or the indirect owner of the general partner of the Operating Partnerships, as applicable, adversely affect the Limited Partners in any material respect. (b) The General Partner shall not cause the Partnership to approve any amendment to an Operating Partnership Agreement pursuant to Section 13.2 thereof unless such amendment is approved by a Majority Interest.

Appears in 1 contract

Sources: Limited Partnership Agreement (Buckeye Partners L P)