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57 <br />8Q°"~ 004936 <br />equals the General Partners' Priority. <br />_ 21.4.6 Loss shall next be charged <br />to the capital accounts of the Limited Partners to the extent <br />of the positive aggregate balance of the capital accounts of <br />such class of Partners. <br />21.4.7 The remaining balance of loss, <br />if any, shall be charged to the capital accounts of the <br />General Partners. <br />21.5 The proceeds of sale and all other assets <br />of the Partnership shall be applied and distributed as follows <br />and in the following order of priority: <br />21.5.1 To the payment of the debts and <br />liabilities of the Partnership tincluding interest and prin- <br />cipal due on the Contract Note and on Deficit Loans) and the <br />ezpenses of liquidation. <br />21.5.2 To the setting up of any reserves <br />which the General Partners determine are reasonably necessary <br />for any contingent or unforeseen li-abilities or obligations <br />of the Partnership or of the Partners arising out of, or in <br />connection with, the Partnership. Such reserves may, in the <br />discretion of the General Partners, be paid over to an escrow <br />agent selected by them to be held by it as escrowee far the <br />purpose of disbursing such reserves in payment of any of the <br />aforemecstioned contingencies, and at the expiration of such <br />L~ <br />r <br /> <br />