Laserfiche WebLink
the liquidation amount in six (i <br />amortizing principal and interest in <br />at the rate of eight percent (8 %) pei <br />of principal, beginning no later tha <br />occurrence of the event of dissoluti <br />due from the Partnership or the p <br />surviving Partners shall, in either <br />promissory note signed by both the F <br />Partners. <br />18. Winding Up the Partnership <br />occurs and the Partnership will not <br />Paragraph 17, or upon the expiratioi <br />ship, then the Partnership shall b <br />without delay. The Partners or <br />participate in winding up the affair: <br />the assets if necessary, and paying d <br />the Partnership. The withdrawing Par <br />however, shall have no right to parti <br />brought about by virtue of his wi <br />During the liquidation process, the <br />share profits or losses in the sam <br />dissolution. If, following the final <br />that the capital account balances a <br />ownership percentage, the Partners w: <br />first withdraw sufficient Partnershir <br />the accounts proportionate, or if the <br />not possible, the Partners with t] <br />contribute cash to the Partnership. <br />assets remaining after the capital <br />adjusted so that they are in the same <br />the percentage ownership, shall be d: <br />proportion to the percentage ownershi <br />in kind if the Partners mutually agrf <br />19. Miscellaneous. <br />) equal, annual payments, <br />'ull with interest calculated <br />annum on the unpaid balance <br />i thirty (30) days after the <br />)n. The liquidation payment <br />irchase price due from the <br />case, be represented by a <br />irtnership and the surviving <br />If an event of dissolution <br />be continued as provided in <br />of the term of the Partner <br />a terminated and liquidated <br />:heir representatives shall <br />of the Partnership, selling <br />:bts and other obligations of <br />:ner and his representatives, <br />:ipate if the dissolution was <br />.hdrawal or his bankruptcy. <br />Partners shall continue to <br />proportions as before the <br />accounting, it is determined <br />-e not in proportion to the <br />th the excess balances shall <br />cash or other assets to make <br />t is <br />e deficient balances shall <br />Any surplus of cash or other <br />account balances have been <br />proportion to each other as <br />stributed to the Partners in <br />). Assets may be distributed <br />e on the respective values. <br />(a) After the death, insanity or retirement of a Partner, <br />the surviving Partners may continue all contracts and carry on <br />business of the Partnership under the previous Partnership name. <br />(b) Each Partner shall, i <br />entitled to deal or contract with <br />purchaser, or otherwise, and any firm <br />corporation of which said Partner may <br />Partner may be pecuniarily interested <br />or contract with the Partnership. W1 <br />such interest must be totally and <br />Partnership and the other Partners. <br />partnership, association or corporati <br />as aforesaid shall be liable to accou: <br />profit realized by said Partner thrc <br />F:%GHO1ECKHARDTIPARTNERS.AGT 9 <br />the absence of fraud, be <br />he Partnership, as vendor, <br />partnership, association or <br />)e a member, or in which said <br />in any manner, may also deal <br />:never such interest exists, <br />ompletely disclosed to the <br />No Partner nor any firm, <br />n with which he is connected <br />t to the Partnership for any <br />igh any such transaction or <br />