Back to top

AMENDMENT OF PARTNERSHIP AGREEMENT AND CONSENT TO REGISTRATION AS A LIMITED LIABILITY PARTNERSHIP

Limited Liability Partnership LLP Agreement

AMENDMENT OF PARTNERSHIP AGREEMENT AND CONSENT TO REGISTRATION AS A LIMITED LIABILITY PARTNERSHIP | Document Parties: Beazer Homes Indiana LLP | Crossmann Communities Partnership | Lafayette, Inc You are currently viewing:
This Limited Liability Partnership LLP Agreement involves

Beazer Homes Indiana LLP | Crossmann Communities Partnership | Lafayette, Inc

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: AMENDMENT OF PARTNERSHIP AGREEMENT AND CONSENT TO REGISTRATION AS A LIMITED LIABILITY PARTNERSHIP
Date: 8/3/2005

AMENDMENT OF PARTNERSHIP AGREEMENT AND CONSENT TO REGISTRATION AS A LIMITED LIABILITY PARTNERSHIP, Parties: beazer homes indiana llp , crossmann communities partnership , lafayette  inc
50 of the Top 250 law firms use our Products every day

QuickLinks -- Click here to rapidly navigate through this document


Exhibit 3.2(q)(2)

AMENDMENT OF PARTNERSHIP AGREEMENT
AND CONSENT TO REGISTRATION
AS A LIMITED LIABILITY PARTNERSHIP

I.    Amendments.

        The undersigned, being all of the Partners of Crossmann Communities Partnership, an Indiana general partnership (the "Partnership"), hereby agree to amend the Partnership Agreement of the Partnership made as of the 1 st day of September, 1993, as previously amended (the "Partnership Agreement"), in the following respects:

  •         A.    Article II of the Partnership Agreement, "Name of Partnership and Names of Partners," is hereby amended and restated in its entirety to read as follows:

      • "The name of the partnership shall be Beazer Homes Indiana LLP."

        "The names and addresses of the Partners are:

Deluxe Homes of Lafayette, Inc.
1000 Abernathy Road, Suite 1200
Atlanta, GA 30328
  Beazer Homes Investments, LLC
1000 Abernathy Road, Suite 1200
Atlanta, GA 30328
  •         B.    Article VII of the Partnership Agreement is hereby amended and restated in its entirety to read as follows:

      •         "Each Partner shall share the net profits, net losses, and distributions of the Partnership as follows:

Name

  Percentage
 
Beazer Homes Investments, LLC   83.111 %

Deluxe Homes of Lafayette, Inc.

 

16.889

%"
  •         C.    Article VIII, Section 8.1 of the Partnership Agreement, "Designation of Managing Partner," is hereby amended and restated in its entirety to read as follows:

      •         " Section 8.1 .     Designation of Managing Partner . Beazer Homes Investments, LLC is hereby designated the Managing Partner of the Partnership."

            D.    The following is hereby added as Article XII to the Partnership Agreement:

      •         " Limited Liability .    From and after the registration of the partnership as a limited liability partnership under applicable law, the provisions of this Article shall be applicable. No partner shall be liable, directly or indirectly, including by way of indemnification, contribution, or otherwise, for the debts, obligations, or liabilities of, or chargeable to, the partnership or other partners, whether arising in tort, contract, or otherwise, or the acts or omissions of any other partner, solely by reason of being a partner, acting or failing to act as a partner, or participating as an employee, a consultant, a contractor, or otherwise in the conduct of the business or activities of the partnership while the partnership is a limited liability partnership. The partnership shall be solely liable out of partnership assets for the debts,


 
SITE SEARCH

AGREEMENTS / CONTRACTS

Document Title:

Entire Document: (optional)

Governing Law:(optional)


Try our advanced search >>
 

CLAUSES

Search Contract Clauses >>

Browse Contract Clause Library>>

Get Email Updates
Email:
This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more