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other distribution with respect to such interest or part thereof. unless and
_ until there be filed with the General Partner an instruaent in writingf, in.a
fora approved by legal counsel to the Limited Partnership, subscribed by both
parties to the assignment, each of whose signatures is to be witnessed by
two witnesses, and unless and until the Limited Partnership shgll~have
delivered to the assignee an acknowledgment in_writing of the recordation of
the assignment on the books of the Limited Partnership. The .fora approved
by the legal counsel aay rdyuire that tlu~ Liaited Partnership receive the
opinion of its counsel that any such assignment of a Limited Partnership
interest is in caopliance with all federal and state securities laws applicabl
thereto. A fee may be charged, in the discretion of the General Partner, by
the Limited Partnership wick is sufficient to cover all reasonable expenses
connected with such assignment.
~C. An assignee who shall not become a Substituted Limited
Partner in the manner as hereinafter provided is not. a liember and has no
right to require any information or account- of the Limited Partnership
transactions or to inspect the Limited Partnership. books, and he shall be
charged with the losses and shall be entitled to receive only the share of
net profits, or the return of his contribution to which his assignor would
otherwise be entitled witi~ respect to the Units_which shall have bees assigned
D. Any assignment will be recognized and recorded by-the
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.Limited Partnership only effective the first day of the month following _
. receipt by the General Partner of an acceptable instrument of assignment, or ,
_ sooner in the discretion of the General Partner. After recording any
assigc~ent pursuant to this Section Fourteen, the General Partner may (but:
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.,shall not be obligated to), without requesting further documentation from
either the assignor- or the assignee, remit directly to the named assignee all
distributions to which he may be entitled pursuant to this Agreement-and the
assignment, regardless of whether such transfer, as between the parties theret
is or is intended to be by way of pledge, mortgage,' encumbrance or other
hypothecation, until such time as the•Units transferred shall be further
transferred on the books of the Limited Partnership in accordance with the
provisions hereof. So long as the person to whom such distribution vas
iorold N. Goldnwn
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sob sre.rim.r. remitted was either the assignor or the assignee named in the instrument of
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assignment, the General Partner shall be free from liability to any person if
such distribution if received by a person not entitled thereto. No assignment
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