Laserfiche WebLink
V-?8S7-J 9/3/80 <br />$~-- '004997 <br />any third party or parties for the purchase of such interest <br />" in the Partnership, grovided, however, that {a) no such <br />arrangement shall include any unique terms which cannot read- <br />ily be met by the remaining partner, and (b) the remaining <br />partner shall be offered the right to purchase the selling <br />partner's interest in the Partnership being offered for sale, <br />as the case may be, on the same terms as those offered by the <br />third party or parties. If the remaining partner does not <br />agree to purchase such interest of the selling partner within <br />fifteen (15) days after the selling partner gives the remaining <br />partner notice of the g-oposed sale to the third party or <br />parties or if the remaining partner remains silent during such <br />fifteen (t5) day period, the selling partner shall have a <br />further period of sixty {b0) days in which to consummate <br />its agreement with the third party on the terms previously <br />offered to the remaining partner. If the terms offered <br />try the selling partner to the third party are changed in <br />any material way, or if the sale is not consummated within <br />such sixty {50) day period, the selling partner shall tre <br />again requized to offer to sell such interest to the remaining <br />partner pursuant to the terms of this paragraph. <br />10. Death, Sankr~tcy, Dissolution, Insanity <br />or Retirement of a Partner. <br />10.1 Each partner agrees not to voluntarily <br />retire fros the Partnership {or voluntarily dissolve in <br />the case of a corporate partner) without the prior written <br />consent c+f the other partner. <br />10.2 In the event of the retirement {whether <br />or not in violation of the provisions of paragraph 10.1 <br />7 <br /> <br />