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13.6 All Eunds of the Partnership shall be de-
posited in its name in such checki~q account or bank .
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accounts as shall be designated b `
y the General Partner e
and all withdraxais therefrom are ,to b~ ~nade u ~
pon checks ~
or authorizations signed by an officer of the General Partner. f
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13.7 The General Partner may, notwithstandinq the
existence oF this Partnership Agreement, enter into whatever =
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activities it chooses, whether the same be competitive with
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the Partnership or othercvise, without having or incurrinq an
obligation to offer any interest in such activities to th y
e
Partnersh~p or any Partner. Neither this Partnership Aqreement
nor any activity undertaken pursuant hereto shall preyent the
General Partner from engaging in such activities, or require
the General Partner to permit the Partnership or any Partner
~o participate in such activities, and as a material part of
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the consideration for the General Partners' execution hereof
and admission of Limited Partners hereto, each Limited Partner
, q
hereby w~~•.•~s iziiri uishes and renounces such ri ht
g , or claim
of participation.
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; 14. INDEI~iNIFICATION. The Partnership shall indemnif
~f and hold harmless the General Partner f y
~ rom any loss or darnage
incurred by it by reason of any act performed by it for and
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on behalf of the Partnership in the furtherance of its interest
provided such act or acts were done in qood faith and on b~- •
half of the Partnership and were not due to gross neqligence -
or ~~illful misconduct on th~ art of the General Partner. `
P Such ~
_ indemnification shall b~ made.from the assets of the Partner- 3
i
ship and no I,irnited Partner shall be ~
personally liable to any
indemnitee.
15. LIMITED PARTRERS PdOT TO PARTICIPATE TN I~IAIVAGEi
~ ~iEtT. i1o
Limlted Partner shall p~rticipate in the management o~ the ~
~ .
, Partnership buszness.
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