HomeMy WebLinkAbout1870 ' . , i
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~ . (iii) to the payinent of any loans or ad- -
vances that may have been made by any of the
Partners to the Partnership together with in-
• ~ terest thereon; ~
~ (iv) to the Partners sufficient to repay
~ ~ to each of them any unrecouped portion of their -
separate Capi~al Accounts. For the purposes hereof
the Capital Account of EDt~ARD A. KIi~iMEL shall be ~
deened to be increased by the sum of $50,000.00
over the amount which appears as his capital
contribution in Article "b(A)" hereof with the
same force and effect as thouqh he had actually
contributed an additional $50,000.00.
(v) The next $100,000.00 to the General
Partner; .
(vi) Any balance remaining 50$~to the
General Partner and 50$ to the Limited Pa~tners.
- The_General Partner in its sole discre~ion, _
~ to the extent that liquidation of,such assets is not re- _
quired to fulfill the pa .,ents, if any, under subd3visions
" (i ) " (ii ) " and (iii ) " of this Article, shall have the
. Fright to dist~~bute in ;cind all or any portion thereof to
the Part~~rs in accordaTce ~•~i~~ tn~ir respective interests
there:..-~. Tr~~ G~*~erzl Partr.~r in *:~akinq any such distri-
bution ~n k~nZ, stall i:~cur no liability to the Lir~ited
Pastne=s by reason of such distrii~utions, includinq,
without ?initation, its~3etermination to make such dis-
~ tribatiozs or any di;~in~:tion in the value of any such
assets of tr.e Partn~rship so deterr.:ine~' to be distributed
in kind after t::s date of its d~term?nation.
A reason~~le ti~~ shall be alloc~ed for the
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