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HomeMy WebLinkAbout0074 ~ i j { i 1 (1) The Limited Partner shall f irst receive a distribu- ~ . ~ tion of the liquidation proceeds in an amount equal to its capital account as determined in accordance with the provisions of Para- ~ graph 8(a) ,(b) , and (c) except as limited imanediately above; r (2) The General Partner shall next receive a distribu- t ~ tion equal to its capital account as determined in accordance with the provisions of Paragraph 8(a), (b), and (c) except as ~ ~ limited immediately above; i (3) Any liquidation proceeds remaining, after the distri- i bution specified in clauses (1) and (2) of this subparagraph (c), - ~ i shall be distributed between the partners in accordance with their i percentage of Partnership interest. ~ ~ The General Partner shall not be personally liable for the ~ return of the capital contributions of the Limited Partr~er, or an ortion thereof it bein ex ressl understood that an such ~ Y P . g P Y Y ~ return shall be made solely from Partnership assets. Partners shall have the right to receive cash only for their contributions to the capital of the Partnership. _ . 17. ASSIGNABILITY OF PARTNERSHIP INTEREST. ~ ! A. The General Partner shall have no right to assign H5 ~ its general partnership interest. i B. Except as hereinafter provided, the Limited Partner shall have no right to dispose of any or all of its partnership t interest without the written consent of the General Partner. In the absence of such written consent, however, if the Limited Partner desires to dispose of its interest, it shall first give -~3- BOOK PAG~ ?4 _ _ - • - - - - _