Common use of Amendment Procedures Clause in Contracts

Amendment Procedures. Amendments to this Agreement may be proposed only by the Manager. To the fullest extent permitted by law, the Manager shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager and, except as otherwise provided by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager shall notify all Record Holders upon final adoption of any amendments. The Manager shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the Company.

Appears in 2 contracts

Sources: Operating Agreement (Niska Gas Storage Partners LLC), Operating Agreement (Niska Gas Storage Partners LLC)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of Partners holding a specified percentage of Outstanding Units Percentage Interest shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of Partners holding the requisite percentage of Outstanding Units specified Percentage Interest or call a meeting of the Unitholders Partners to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any such proposed amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the CompanyPartnership.

Appears in 2 contracts

Sources: Limited Partnership Agreement (CVR Energy Inc), Limited Partnership Agreement (CVR Refining, LP)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the Company.Partnership

Appears in 2 contracts

Sources: Limited Partnership Agreement (PBF Logistics LP), Limited Partnership Agreement (Hi-Crush Partners LP)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law law, shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the Company.Partnership

Appears in 1 contract

Sources: Limited Partnership Agreement

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law law, shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the CompanyPartnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Sunoco LP)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the Company.Partnership WAS:215692.2

Appears in 1 contract

Sources: Limited Partnership Agreement (PBF Logistics LP)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware lawAgreement. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the CompanyPartnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (USA Compression Partners, LP)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of Partners holding a specified percentage of Outstanding Units Percentage Interest shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of Partners holding the requisite percentage of Outstanding Units specified Percentage Interest or call a meeting of the Unitholders Partners to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any such proposed amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the CompanyPartnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (CVR Refining, LP)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or Section 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (ia) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (iia) made such amendment available on any publicly available website maintained by the CompanyPartnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Inergy Midstream, L.P.)

Amendment Procedures. Amendments to this Agreement may be proposed only by the Manager. To the fullest extent permitted by law, the Manager shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager and, except as otherwise provided by Section 13.1 or Section 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager shall notify all Record Holders upon final adoption of any amendments. The Manager shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system ▇▇▇▇▇ and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (SunocoCorp LLC)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the CompanyPartnership’s website.

Appears in 1 contract

Sources: Limited Partnership Agreement (Western Refining Logistics, LP)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or Section 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (ia) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (iib) made such amendment available on any publicly available website maintained by the CompanyPartnership.

Appears in 1 contract

Sources: Limited Partnership Agreement (Inergy Midstream, L.P.)

Amendment Procedures. Amendments to this Agreement may be proposed only by the ManagerGeneral Partner. To the fullest extent permitted by law, the Manager General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so in its sole discretion discretion, and, in declining to propose or approve an amendment, to the fullest extent permitted by law shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity. An amendment shall be effective upon its approval by the Manager General Partner and, except as otherwise provided by Section 13.1 or 13.3, the holders of a Unit Majority, unless a greater or different percentage is required under this Agreement or by Delaware law. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a writing that contains the text of the proposed amendment. If such an amendment is proposed, the Manager General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and vote on such proposed amendment. The Manager General Partner shall notify all Record Holders upon final adoption of any amendments. The Manager General Partner shall be deemed to have notified all Record Holders as required by this Section 13.2 if it has either (i) filed such amendment with the Commission via its Electronic Data Gathering, Analysis and Retrieval system and such amendment is publicly available on such system or (ii) made such amendment available on any publicly available website maintained by the Company.Partnership’s website. NORTHERN TIER ENERGY LP FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP

Appears in 1 contract

Sources: Limited Partnership Agreement (Northern Tier Energy LP)