Conforming Amendment. Upon the withdrawal of any ERISA Partner from the Partnership pursuant to this Section 7.9, the Partners (including the withdrawing ERISA Partner) shall enter into an amendment to this Agreement reflecting such withdrawal and amending such provisions of this Agreement, including without limitation the provisions regarding allocations and distributions during the term of the Partnership and upon its liquidation, as may be appropriate, so that the intent, spirit, operation and effect of such allocation, distribution and other provisions shall, to the maximum extent possible, be preserved after taking into account the withdrawal of such ERISA Partner.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Sealy Industrial Partners IV, LP), Limited Partnership Agreement (Sealy Industrial Partners IV, LP)
Conforming Amendment. Upon the withdrawal of any ERISA Partner from the Partnership pursuant to this Section 7.9Article XVI, the Partners (including the withdrawing ERISA Partner) shall enter into an amendment to this Agreement reflecting such withdrawal and amending such provisions of this Agreement, including without limitation the provisions regarding allocations and distributions during the term of the Partnership and upon its liquidation, as may be appropriate, so that the intent, spirit, operation and effect of such allocation, distribution and other provisions shall, to the maximum extent possible, be preserved after taking into account the withdrawal of such ERISA Partner.
Appears in 1 contract
Sources: Limited Partnership Agreement