HomeMy WebLinkAbout0950 F. Any assignee pursuant to this Section ad~itted as
a rIember shall be sub~ect to and bound by alI of the provisions
of this Agreement as if originally a party to this Agreement.
G. In the event a vote of the Limited Partners shall be
taken pursuant to this Agreement for any reason, a Limited
Partner shall, solely for the purpose of determining the nw~-
ber of Units held by him in determining his vote, be deemed
~ the owner of any Units assigned by him in respect to which the
assignee has not beco~e a Limited Partner.
H. Upon the death or legal incompetency oF a Limited
Partner, the personal representative, guardian or other suc-
cessor in interest of such Limited Partner shall have a11 the
rights of a Limited Partner for the sole purpose of settling ~
the estate or business of such Limited Partner; provided, however,
that such p~rsonal rep~esentative, guardian or other successor
in inter~s~, or the estate of such Limited Partner, may be
substitu~~d ?s a Limited Partner or may assign such ~nterest
?n the L~-_t~k Partnership (or any Unit constituting a part
t~ereof) ~c ~:e extent permitted by, and under the terms and
cond~tio~s s~~cified by, this Section 15.
S~c~ion ~7. Right of First Refusal
A. In tne event that any Limited Partner shall desire to
sell, and shall receive a bona fide written offer for, any or
' all of his Units in the Limited Partnership, which offer is
~ acceptable to such Limited Partner (hereinafter referred to
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~ as the "Seller"), the 3eller may not ~el-~--any or all of tre
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~ Units which he then owns until he shall have conplied with tY!e
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following requirements and limitations:
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g l. The Seller shall deliver by hand or by certffied nail
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a copy of the full and detailed terms of such offer ar.d the
' name of th~ offerer to a21 of the M~mbers other tY:an himself. ,
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; Such offer shall thereupon he deened to be an offer by the
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~ Seller to sell to the other ~?er.bers the Units offered uoo:!
~ th~ same terms and con~i~io*:s ~s conta±ned ir~ the oifer :^s~z~
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a b;~ the Sel? °r. Thereupo~, e~c:: :~~~:-ce^ shal? notif;~ ths ~~n~^~1
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~ - ~ Bo~K 2~fi r~ 950
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