HomeMy WebLinkAbout0557 (B) He understands that this Agreement contains
restrictions on the transfer, assignment and disposition of
his Partnership Interest and that, in addition to such
restrictions, he covenants and agrees that his Partnership
Interest shall not be sold, assigned, transferred or other-
wise disposed of unless (i) such sale, assignment, transfer
or disposition is exempt from registration under the Act and
the applicable state's securities or "Blue Sky" law or laws
and if the General Partner so request, an opinion satisfactory
to the General Partners to such effect has been rendered by
counsel satisfactory to the General Partners, or (ii) a
registration statement covering his Partnership Interest is
effective under the Act.
ARTICLE XVI
Amendments
The Managing General Partner may and, at the request of
Limited Partners holding more than ten percent (10%) of-the
Units of Partnership Interest then outstanding, shall,
submit to the Limited Partners, in writing by registered or
t certified mail, the text of any proposed amendment to this
Agreement and a statement by the proposer of the purpose of
any such amendment. The Managing General Partner shall
include in any submission its views as to the proposed
amendment.. Any such amendment shall be adopted if, within
ninety (90) days after the mailing of such amendment to all
Partners, the Managing General Partner shall have received
written approval (including a telegraph or telex message)
thereof from Limited Partners holding more than fifty percent
(SO%) of the Units of Partnership Interest then outstanding.
A written approval may not be withdrawn or voided once it is
filed with the Managing General Partner. A Limited Partner
filing a written objection may thereafter file a valid
( written approval. The date of adoption of an amendment
pursuant to this Article XVI shall be the date set forth in
ti the amendment for the adoption, or if there is no such date,
the date on which the Managing General Partner shall have
received the requisite written approvals. Any proposed
x amendment which is not adopted may-be resubmitted. In the
event any proposed amendment is not adopted, any written
- approval received with respect thereto shall be void and
shall not be effective with respect to any resubmission of
the proposed amendment.
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-33- g00K~~2 PACE 557