HomeMy WebLinkAbout1863 . . ' • .
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necessary, pra~er, convenient or advisable to effectuate
thc: purposes of this Partr.ershi~, incZuding, zrithout .
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limita4ion, the rigr.t and poc:er to: _
- (i) Deal in any Partnership assets;
_ whether real estate or personalty, including but ~
~ not by way of limitation, the right to sell,
- exchange or convey title to, and to grant optioas ~ •
• for the sale af, all or any portion of the Project,
including ~ny mortgage or leasehold interest or
other realty or personalty which may be acquire3
by the Partnership; to lease all or any portion ~
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• of ths Proj ect without li.mit as to the tena
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. thereof ,~?•h~ther or not such term (including re- - €
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~ new-a1s and ex~ensioas thereof ) shall extend be- ~
~ yond the -date of tha termination of the Part,.ZS?'- .
ship; to borrow-money and as security th~refor
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to encumber all or an~• part of the Project; to
_ -•ob~ain refizancing of any mortgaqes placed on
. the Project or to prepay s~.z:te in whole or in
f • .
! part; to i.ncrease, modify, consolidate or ext~~d .
I any mortgag~s vlaczd on the.Project; ~xcz~t as
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~ hereinaLter provined any such re~ina*~.cing or sale
~ of subs~~z~ially all oi tne Projzct or net leas~
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of t:~~ entire P~ o j ec ~ ~o b~ subj ect ~o the cons~n ~
of a majo=ity ~n iZteres~ oi tha L~~ited Partn~r~,
which cozs~a~ snall not r~ Lnre3sonably c~•i~h_h~3a;
and to placs record ti~le to t;:~ P3rtners~ip
~ assets ia ~h~ na.~~ o~ vne or ;~ore ;~c:ni*_:e~s, in-
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x
~ cluding a cor~ora~e no:: ir.~e; (t~e ter.t "nor~gace"
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b~ir.g u~~d i:terchar.g=~u~1~~ in ~n:.~ agre~::~ez± c:it?~
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~ the ~er:~e "~~Qd of trusL") .
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~ ~5. ~~244 ~-1
~ $64 .
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