EXHIBIT 10.115
AMENDMENT
TO
GLIMCHER PROPERTIES LIMITED PARTNERSHIP
LIMITED PARTNERSHIP AGREEMENT
This
Amendment dated as of November 30, 1993 (the "Agreement") to
Limited
Partnership Agreement of Glimcher Properties Limited Partnership
(the
"Partnership") dated as of November 30, 1993 (the "Partnership
Agreement") by
and among Glimcher Properties Corporation (the "General Partner"),
a Delaware
corporation, Glimcher Realty Trust (the "Trust"), a Maryland real
estate
investment trust, and the Persons who have executed the counterpart
execution
pages annexed hereto (together with the Trust, "Limited Partners")
(the General
Partner and Limited Partners being each a "Partner" and
collectively, the
"Partners").
WHEREAS, the Partnership was duly organized on September 9, 1993
under the
Delaware Revised Limited Partnership Act; and
WHEREAS, the Partners of the Partnership have entered into the
Partnership
Agreement; and
WHEREAS, it has been the intent of the Partners and the Partnership
that
each OP Unit, as defined in the Partnership Agreement, held by
Exercising
Partners, as defined in EXHIBIT E to the Partnership Agreement, be
redeemable
for one Common Share, as defined in the Partnership Agreement;
and
WHEREAS, the Partners desire to clarify the Partnership Agreement
with
respect to the redemption of OP Units for Common Shares as set
forth above.
NOW,
THEREFORE, in consideration of the mutual covenants contained in
this
Agreement and for other good and valuable consideration, the
receipt and
sufficiency of which are hereby acknowledged, the Partners agree as
follows:
1.
Definitions. Defined terms not defined herein shall have the
meaning
given to them in the Partnership Agreement.
2.
Common Share Value. The definition of the term "Common Share
Value"
shall be modified to read as follows:
"Common Share Value" as of any date shall mean the sum of the total
number
of (a) Common Shares and (b) OP Units held other than by the Trust
and General
Partner issued and outstanding at the close of business on such
date (and
excluding any treasury sh
