AMENDMENT OF PARTNERSHIP AGREEMENT AND CONSENT TO REGISTRATION AS A LIMITED LIABILITY PARTNERSHIPLimited Partnership Agreement |
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Deluxe Homes of Lafayette, Inc. | Beazer Homes Investments, LLC. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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AMENDMENT OF PARTNERSHIP AGREEMENT 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:
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:
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, obligations, and liabilities of the partnership. A partner's liability for the |
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