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substantially all of his property to be appointed or shall
make a general-assignment for the benefit of his creditors
or shall suffer proceedings under the National- Bankruptcy
Act or any other law relating to bankruptcy, insolvency,
arrangement or reorganization of the General Partner or for
relief of debtors to be instituted by or against him and any
adjudication or approval of bankruptcy, insolvency, arrange-
ment or reorganization to be entered thereon by a court of -
competent jurisdiction, or if a General Partner shall suffer
any writ of attachment or execution or similar process to be
issued or levied against all of his property, or against his
interest in the Partnership, then the General Partner shall
be considered automatically removed from his position as the
General Partner. Thereafter, the General Partner, any
trustee under the National Bankruptcy Act or other law,
receiver or other legal representative shall have no power
or authority to manage the Partnership. The Partnership
Interest of any such General Partner who shall be considered
~ to be removed in accordance with this Section 9.4, shall
f from that moment onwards be treated as the Partnership
Interest of a Limited Partner. Such General Partner will
accordingly be considered as a Limited Partner.
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~ 9.5 Actions Requiring Unanimous Consent of General
Partners: The following actions, and the following actions
only, shall require the unanimous consent of all General
Partners:
(A) The acquisition, disposition, lease, financing
~ or refinancing of any Partnership Property, and
(B) The assignee of a Partnership Interest becoming
a Substituted Limited Partner in place of his assignor.
9.6 Limitation Upon Rights and Powers: In addition to
~ other acts expressly prohibited by this Agreement or by law,
no General Partner shall have the authority to:
F
(A) do any act in contravention of this Agreement;
(B) do any act which would make it impossible to
r carry on the ordinary business of the Partnership, except as
expressly provided in this Agreement;
(C) confess a judgment against the Partnership;
-14- ao~K322 PACE 538