HomeMy WebLinkAbout2735 CAF'ITAL
NP?MES AND 1~,DDRESSES CONTRIBUTI0~1
,Inte~national Land Sales, Inc. $100.00
5.2 No Cene~al Partner shall be re~uired to make
additional capi_tal ccn~ributions to the Partnership.
6. LIM.ITF~ F~aRTI`TERS, THEIR COVTRIBUTIO~iS AND INTERESTS
6.1 The names, addresses, initial contribution
and units of interest ~n~the Partnership of each Limited
Partner is as set forth on Exhibit 8 attached hereto and
made a part hereof.
6.2 Each Limited Partner agrees to provide additional
capital to the Partnership in the form of additional capital
contributions, as the General Partiiers may decide, said
additional capital to be provided prorata in the ratio that
the number of units of interest owned by each Limited Partner
bears to the number of units owned by all of the Limited
Partners; provided, however, that unless otherwise approved
in writing by Limited Partners owning at least seventy-five •
per cent (75~) of the units af interest in the Partnership,
the aggrega~e contributions from all Limited Partners for
any given year shall not exceed the total of the followinq:
(a) T:~e annual installments of principal and .
!
! interest due on the mortgages given or assumed in
connection with the purchase of the property herein- -
above described, or given pursuant to refinancing
said property;
(b) Al1 taxes or assessments levied against the
Partnership property;
(c? Any annual fees or taxes payable to the
~tate of Florida by the Partnership; -
(d) Such other sums as may be required by the
~ Partnership, not to exceed the sum of $5,000.00 ,
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