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80004996
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Last modified
1/13/2010 10:20:39 PM
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1/13/2010 10:19:24 PM
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DEEDS
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80004996
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43 <br /> <br />constitute and appoint such person as may be designated by <br />a majority in interest {as provided in Section 76.6; of the <br />Ligsited Partners as their true and lawful attorney-in-fact, <br />coupled with an interest, to sell, assign and transfer their <br />interest in the Partnership in the event of any such default. <br />76.6.2 The General Partners shall, <br />upon the sale of their interests in the Partnership pursuant <br />to Section 76.6, cease to be Partners in the Partnership, <br />but shall remain liable to pay to the Partnership amounts <br />equal to the additional loans and capital contributions pro- <br />vided in Sections 7.7 and 7.4 and to honor their guaranty <br />gursuant to Section 8.3. <br />16.6.3 In the event of the retirement <br />of the General Partners from the Partnership by reason of <br />the sale of their entfre interests in the Partnership pursu- <br />ant to Section 76.6, the Partnership shall be terminated <br />unless all the Limited and Special Limited Partners elect to <br />continue the business of the Partnership and appoint a new <br />General Fortner{s}, all as provided in Article 18 and in <br />Section 16.6.3.1, <br />16.6.3.7 In the event the <br />Partnership interests of the General Partners are sold pur- <br />suant to the opt~an provided in Section 16.6 and, within <br />70 days after such sale, two-thirds ir_ interest of the <br /> <br />{ <br /> <br />
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