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80004996
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Last modified
1/13/2010 10:20:39 PM
Creation date
1/13/2010 10:19:24 PM
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DEEDS
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80004996
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8 <br /> <br />the Partnership, shall have the right to offer to sell the <br />entire interest of the defaulting Limited Partner in the <br />Partnership to the non-defaulting Partners at an aggregate <br />price of !a) Ten Dollars lSio}, plus (b) the assumption of <br />the obligation to make the additional capital contributions <br />which would have been required of such defaulting Limited <br />Partner pursuant to Section 7.1. Such offer shall be made by <br />written notice to the non-defaulting Partners and shall ti} <br />offer each non--defaulting Partner the right to purchase his <br />pro rata share of the interest of the defaulting Limited <br />Partner at a price and amount determined in proportion to his <br />respective capital contribution, and !ii} require each <br />accepting Partner to agree within ten days a' receipt of the <br />offer to pay his pro rata share (determined as aforesaid) of <br />the current capital contribution which would have been <br />required of such 3efaulting Limited Partner pursuant to <br />Section 7.1. <br />7.3.3.1 'f any non-defaulting <br />Partner declines to purchase the share offered pursuant to <br />Section 7.3.3 or this Section 7.3.3.1, such share sha12 <br />be offered t+o those noa-defaulting Partners who have not <br />declined any such offer, in proportion to their capital <br />contributions. <br />7,3.3.2 Zf only a part of the <br />u <br />+.~. ~_ <br /> <br />
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