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HomeMy WebLinkAbout0954 and to the Limlted Parnership at its principal office by Reg~s~ered or certified mail, return receipt requested. E. The General Partner shall call a meeting of the r:embers on at least ten (10) days notice to every member whenever: 1.The Generai Psrtner considers such a meetfng to be necessary or desirable in the in~erests of the Limited Part- nzrship, or 2. Such a meeting is requested by Li~i~ed Partners ovrnir.g Units amounting to at least a ma~ority of the aggregate total Qnits then owned. F. No Limited Partner shall have the right to demand ar_d receive property other than cash in return for his contrib- ution. No Limited Partner shall have priority over any other Limited Partner either as to his contribution to capital or by way of 3ncome. Anything in this Agreer~ent to the contrary 1 notc~ithstand~ng, the General Partner shall not be personally ' liable T'or the ret urn of the capital contributions of Limited Partners, or 2r:y portion thereof,it being expressly under- stood trat zny sueh return shall be made solely from Limited PartnersY:ip assets. rIo Member shall receive any interest on his cor.tribution of capital to the Limited Partnership. G. If any Limited Partner shall become liable to creditors ~ of the Limited Partnership by the applica~ion of law, he shall not ~ ~hereb5~ be deemed a"general partner" Por the purposes of this ~ Agreement and he shall not be liable as a general partner to ~ f ~ other I?Iembers. E e ~ H. Title to the Real Property or personal property shall ; be held in the nan:e of the Li~nited Partr.ersnip. ; ~ I. This Agreement shall be binding upon all the parties and their estates, heirs, executors, administratars, successors ~ ; and assigns. < J. In the event that ar.y provisf.on of this Agreenert € shall be held to be invalid, the sa.*ne sha?1 not affect in ~r_J 3 ~ resgect cahatsoever the vai; ~i o`' the remainder of thi;, Agre~ner_~ . r r - } 7 - eo~ 2~6 954 ~ _ , : _ ~ _ _ _ . . _ _ . _ z. ~ x~: