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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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8Q... Q0499f <br />50 <br />Partnership. In computing any such damages, it shall be <br />assumed, among other things, that the Partnership would <br />have continued to own and operate the Property for ten years <br />after the death, retirement, bankruptcy or insanity of a <br />General Partner and that the appropriate discount factor is <br />5S. <br />18.4 If the .business of the Partnership shall <br />be continued after the death, retirement, bankruptcy or <br />insanity of a General Partner, the status of the estate, <br />legal representatives or successors of the deceased, retired, <br />bankrupt or insane General Partner shall be changed to *_hat <br />of a Limited Partner, but shall continue tc be treated as <br />that of a General Partner for pu=poses of all credits, <br />charges, distributions, additional capital contributions, <br />and loans required or permitted under this Agreement. If <br />a Limited Partner is designated pursuant to Section 18.3 to <br />be a General Partner of the Partnership, such Partner shall <br />continue to b! treated as a Limited Partner, as the case may <br />ba, for the purpose of computing all credits, charges and <br />distributions required or permitted under this Agreement, and <br />he shall have no obligation to make the loans provided in <br />Sactivas 7.4 or 7.5. <br />18.5 In the event of the death, retirament, <br />bankruptcy or insanity of a General Partner and the failure <br />~. <br /> <br /> <br />
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