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FIRST AMENDED PARTNERSHIP AGREEMENT
City of Pleasanton
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FIRST AMENDED PARTNERSHIP AGREEMENT
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1/6/2010 3:53:22 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
11/15/1989
LONG TERM AGREEMENTS - NAME
RVC INVESTMENTS INC
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
RIDGE VIEW COMMONS
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(c) Modify or amend materially the Partnership's obligations <br /> under (i) the Mortgages and the loan documents related thereto, <br /> (ii) the Ground Lease, (iii) the Regulatory Agreement, or <br /> (iv) any other agreement relating to the Development; <br /> (d) Possess Partnership property or assign rights in <br /> Partnership property, in either case, other than for the <br /> Partnership's purpose; <br /> (e) File any voluntary petition for the Partnership under <br /> the federal Bankruptcy Act, or seek the protection of any other <br /> federal or state bankruptcy or insolvency law or debtor relief <br /> statute, without a Majority Vote; <br /> (f) Borrow from the Partnership or lend Partnership funds; <br /> (g) Sell or otherwise transfer title to the Development at <br /> any time during the 15 -year compliance period as defined in <br /> Section 42 of the Code or do anything else that would result in <br /> recapture of any portion of the federal Low Income Housing <br /> Credit; or <br /> (h) Confess a judgment against the Partnership. <br /> 7.3. No Liability; Indemnification of General Partner. <br /> For the purposes of this Section 7.3, Affiliates shall <br /> mean only those Affiliates performing services for or on behalf <br /> of the Partnership. <br /> (a) The General Partner and its Affiliates will not be <br /> liable to the Partnership or any Limited Partner for any action <br /> or inaction of the General Partner in connection with the <br /> business or affairs of the Partnership, so long as the person <br /> against whom liability is asserted acted in good faith on behalf <br /> -29- <br />
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