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of the defaulti:~q Limited Partner shall be correspondingly
decreased.
C. The failure of any Limit:ed Partner to r~ake any
of his required additio:~al capital contributions as~pre- `
~
scribed in Paragraph 6.2 of this Certificate may be made
known to all other Limited Partners in writing, after which,
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within the time specified by the General Partners, any one
or more ot the nondefaulting Limited Partners sha~l be -
entitled, prorata, to purchase the entire interest of the
defaulting Limited Partner for an amount equal to eiqhty per
cent (80$) of the total capital contributions at that time
having been made by said defaultinq Limited Partner.
D. The General Partner may, after offering the
rights to existing I,imited Partners, admit a new Limited
Partner who shall acquire all or a part of the interest of ;
the defaultinq Limited Partner as provided in subparaqraphs ~
B and C above.
E. In the event of a complete buy-out as provided
for under subparagraph C, the acquiring Limited Partner
- shall acquire all rights and interests of the defaulting
; Partner in the partnership and assum2 all of his obligations ~
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to the Partnership.
- 8. CONTRIBUTIO~TS AND ADVANCES.
8.1 Contributions to the capital of the Partner-
ship shall not bear interest.
8.2 All loans to tne Partnership shall accrue
interest at the rate of ei ht s
g per cent (8~) per annum. The
Partners shall have the right, though not the obligation, to
make such loans to the Partnership as the General Partners ~
deem to be in the best interests of the Partnership_ ~
~ 8.3 The liability of any of the Limited Partners
~
~ for the losses of the Partr?ership shall in no event exceed _
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