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30 <br /> <br />partnership purposes subject to the terms of this <br />Agreement. <br />12.5,4 The Partnership capital con- <br />trihutions received pursuant to Section 7.1.4 shall be <br />a-gplied {i} first to gay 5211,000 of principal, and any <br />interest on the Bank Loan, {ii) next to pay 588,030 of <br />interest on the Contract Note, and {iii} the balance, if <br />any, to be used for Partnership purposes subject to the <br />terms of this Agreement. <br />13. i3oaks and Records. <br />13.1 At all times during the continuance of <br />the Partnership, the General Partners shall keep or cause to <br />be kept full and true books of account, ir. which shall be <br />entered fully and accurately each *_ransaetion of the Partner- <br />ship. <br />13.2 A11 of said books of account, together <br />with an executed copy of the Certificate of Limited Partner- <br />ship of the Partnership and any amendments thereto, shall at <br />all times be maintaine3 ai the principal office of the Partner- <br />shig ar at such other office of the Partnership as may be <br />designated for such purpose by the General Partners, and shall <br />be open to the insgectian and examination of the Limited <br />Partners or their representatives during reasonable business <br />hours. Such books shall be kept on the basis of an accounting <br />u <br />--~ ~ ___1 <br /> <br />