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A: There is a change in the name of the partnership or the amount ;
or character of the contribution of any Limited Partner; ~
B: A person is sub stituted as a Limited Par~ner;
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C: An additional Limited Partner is admitted; ~
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D: A person is admiti:ed as a successor General Partner; C
E: There is a chan~e in the character of the business of the ~
partnership; ~
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There is a false, erroneous or invalid statement in the Certi- ;
ficate; ~
G: A time is fixed for dissolution of the partnership or t:he ~
return of contributions and such time has not been specified in ti~e
Certifical:e;
H~ The Partners desire to make a chan~e in any other statement
in the Certificate in order that is shall accurately represent tihe ~
agreement between them; ~ • . ~ ~
I: There is a c~tan~e in any right to vote given by this A~ree-
ment to the Limited Partners on matters affec~in~ the basic nature of
the partnership.
ARTICLE XVIII
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TERM AND DISSOLUTSON ~
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A: Term: The term of the partnership shall comrner.ce on the date ~
of acceptance for filing of a ceri:ificate of formation of the partnership ;
in the appropriate office in the State of Florida in accordance ttith the ;
aforesaid Uniform Limited Partnership Act and shall continue until Dec- 3
emb er 31, 1989, sub~lect to prior dissolution as provided herein. ~
I B: Death of a Limited Partner: The partnership shall not termi- ~
; nate and dissolve unon the death, legal, incapa.city or ban.imuptcy of any
~ Limited Partner. Rather the estate, heir or legatee of such Liml.ted
~ Partner, as the case may be, snall b ecome a successor Limited Pa.rtner
and shall execute an zddendum to this Partnership Agreement, agreeing to
be bound by all the terms and conditions hereo£ and to assume all the
obli~a~ions of the deceased, inco:npetent or banlaeupt I,imited Partner.
C: Dissolution: The par~nership shall be dissolved upon the
occurrence of any of the follov~in~:
1. The unanimous consent of a11 the Partners; or
2. The entry of a final ~udgment, order or decree of a court
of competent ~urisdictior, ad~udicating the partnership to be a
bankrupt, and the exgiration of the period, if any, allov~ed by
applicable lavr in which to appeal therefrom; or
3. The death, retirement, legal incapacity or bankruptcy
of a General Partner.
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~ D-: DAath. Retiremnnt, I.A~al Inca~~acitSt. or BankruntcY of a General
~ Partn er : ~
1. Upon the death, retirement, le~al incapacity or banlc-
ruptcy of a General Partner, the surviving 1~[ana~in~: General Partnar
shall then have the ri~ht to reconstitui;e the partnership by si~nir,;
an addendum to this Aareer:ient, a~reein~ to be bound by all the~terms
~oox~ ~wfi~
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lA\Y OFFIGCS OF GOLDSTEIN, FRANKLIN, CHOMN A SCHRANK, P. A_, ?020 t~ORTH~RST 153eD STREET, NORTH MIATAI UCACH. PIAP.IDA 331f.2
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