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units owned bears to the aggregate total of the original ntunber of capital units. _
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~ (cj Net lossea ahall be debited first to a~y undistributed income ,r
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belonging to each partner and then to the capital account of each partnery in
the ratio that each partner's number of capital units owned bearg to the aggre-
gate total of the original number of units owned by all the partners.~ ~ . ~
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~ Bank A ccounts . ~
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. 12. (a~ The General Partner agrees that he will, in the name of the ~
Partnership jointly open and thereafter maintain in . NoRT N PA~,r•+ g~ ~lorida,
a bank account or accounts in which shall.be deposited all contributions of the
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. Partners, and all other partnership income and that they will use such funda
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solely for the business of the Partnership. ~ - ~ `
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(b) Withdrawals from any partnership bank account shall be made
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~ onlq upon the signature af the General Partner or such other person or persor.s ~
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as may be designated by action of Par~r~ers owning two-thirds or more.
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; of the Partnership capital units. - ~
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- . Advancea - ~ . ~
13. Any advance of moaey to the Partnership by any of the general or
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' limited partners in excess of their respective agreed contributiona shall not be ~
deemed a capital contribution to the partnership but a debt due from ~the Partner- Y
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ehip to such partner and aliall be repaid with interest at the rate of 7% per annum.
- Ri~htas' Duties and Obli~ations of General Partner - `
~ 14. ~a) The General Partner agrees to render his personal manage- -
ment services to the Partnership at no charge, provided, however, that the ~
General Partner shall be reimbursed for out-of-pocket expenses incurred in
. the perforr~nance of these managennent services to the e:ctent that such reimburse-
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~neat is approved by action of the Partners owning two-thirds or more oi the •
~ . Partnership capital unite. '
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