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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 ~ ~ as the "Seller"), the 3eller may not ~el-~--any or all of tre F ~ Units which he then owns until he shall have conplied with tY!e ~ following requirements and limitations: 4 C g l. The Seller shall deliver by hand or by certffied nail ; ; 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. , ~ ; ; Such offer shall thereupon he deened to be an offer by the _ ; ~ 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~ C ~ 3 a b;~ the Sel? °r. Thereupo~, e~c:: :~~~:-ce^ shal? notif;~ ths ~~n~^~1 ~ ~ ~ - ~ Bo~K 2~fi r~ 950 S ~ I s u _ ~ . . . _ . . 'i ~ . .