Technical Revisions. The Limited Partners agree to, and the General Partner is hereby authorized to make, any modifications or amendments to this Agreement that may be necessary for the General Partner to maintain its status as a real estate investment trust or in order for it to avoid a penalty or tax; provided, however, that such modification or amendment does not materially alter or affect adversely any Limited Partner's rights, duties, or obligations under this Agreement.
Appears in 2 contracts
Sources: Master Contribution Agreement (Pacific Gulf Properties Inc), Limited Partnership Agreement (Pacific Gulf Properties Inc)
Technical Revisions. The Limited Partners agree to, and the General Partner is hereby authorized to make, any modifications or amendments to this Agreement that may be necessary for the General Partner to maintain its status as a real estate investment trust or in order for it to avoid a penalty or tax; provided, however, that such modification or amendment does not materially alter or affect adversely any Limited Partner's rights, duties, or obligations under this AgreementAgreement or any other written agreement between the General Partner and such Limited Partner.
Appears in 1 contract
Sources: Limited Partnership Agreement (Pacific Gulf Properties Inc)