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i <br />i ~~ <br />sa--a~,4sgs <br />cure by him}, then, in such event, all net income or net <br />losses, depreciation and amounts distributable in respect of <br />the interest of the defaulting Limited Partner shall be <br />allocated to the Partners other than any defaulting Limited <br />Partner for the current taxable year and, if such 20 days <br />shall expire on or before April 15 of such current year, for <br />the immediately preceding taxable year. <br />7.3.5 Each of the Partr..ers agrees to the <br />remedies provided herein in recognition of the risk and <br />speculative damages which his default would cause the other <br />Partners. <br />7.~ Simultaneously with the acquisition by the <br />Partnership of the Property, the General Partners and the <br />Partnership shall entez into a loan commitment pursuant to <br />which the General Partners shall agree to make to the Partner- <br />ship, if and to the extent requested by the Partnership, for <br />each year or fraction thereof from an8 after January t, 1982 <br />and through the Deficit Loan Termination Date, one or more <br />loans as described below. For such commitment the Partnership <br />shall at the time of the execution thereof pay to the General <br />Partners a commitment fee in the amount of 5120,000. The <br />obligations of the General Partners pursuant to such commit- <br />ment shah be guaranteed by Meridith Management, Inc. <br />The co~utitment shall provide that ter aach year ar fraction <br />U <br /> <br /> <br />