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. allocate on a pro rata basis among the Purchasing Parties the
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. , respective intereats to be purchased by each of said parties. The
General Partner shall notify the accepting Purchasing Parties of ~
, the determination ao made by the General Partner within twelve (!2)
business days from the date of the receipt by the General Partner of
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the offer of the Selling Party, _ and the Selling Party shall there~pon be ~
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~ deemed bound to sell the entire interest offered and each of the Pur-'
chasing Parties shall be deemed to be severally bound to purchase thP
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- number oi' capital units thereof 'so accepted by him.
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(vi) In~the event that any Purchasing Party deemed bound to pur- •
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. ~ chase any interest of the Selling Party, or any portion tjiereof as above ~
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provided, shall default in his obligation to purchase the same, the ~
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` Selling Party shall be deemed free of the restrictions imposed by the =
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. provisions of this subparagraph-15 A~ in respect to such interest or t
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portion thereof. ~
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- B. Notwithstanding the provisions of Paragraph 15 A hereof, the ~ •
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interest of any partner may be: ~
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, ~ (i) Transferred or disposed of by will or intestacy to or for the
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benefit of the deceased partner's i*nmediate family; , ~
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(ii) Transferred during his lifetime,~ by gift or inter vivos trust
. ` to or for the benefit of his immediate family. -
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~ (iii) Sold, transferred, assigned, pledged, encumbered or other-
wise hypothecated to any other partner hei•ein. . ~ -
For the purpose of this subparagraph 15 B"immediate family" is defined :
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- as the husband, wife, child, father, mother, sister or brother of a partner.
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