Common use of Amendment to Section 15 Clause in Contracts

Amendment to Section 15. Section 15 of the Partnership Agreement shall be amended to add the following language at the end of the Section: “On or before December 1 of each calendar year starting in the year 2007, as payment of reasonable and customary fees for the service of their respective Representatives in their role of providing governance and management of the Partnership, the Partnership shall pay to each of (a) the Unico Holding II Partner and (b) the Blackstone Holding II Partners (collectively for all of the Blackstone Holding II Partners, not for each Blackstone Holding II Partner), the sum of $125,000.”

Appears in 3 contracts

Sources: Agreement of Limited Partnership (Universal City Travel Partners), Agreement of Limited Partnership (UCFH I Finance, Inc.), Agreement of Limited Partnership (Ucdp Finance Inc)