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8132.BLD
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1993-01-06
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89 lines
#8132
@826 Enter the name of the limited partnership:
#8133 Will a resereve be set up out of initial capital?
#if#8133
!827 Enter in numerals the amount to be reserved:
#endif
#8134 Will reserves be established out of operating profit?
#if#8134
!828 Enter the amount of the reserve in numerals:
#endif
#8135/#8136 The reserves may be invaded:
by the general partner for special uses
only at the winding up of the partnership
#if#8135
@829 Enter conditions precedent for use of reserves:
@830 Enter permissible uses of the reserve:
#endif
#8137
#end control section
#8132
/* Para. 8132: Reserves */
ADDENDUM TO LIMITED PARTNERSHIP AGREEMENT OF @826
The undersigned consisting of all of the general and limited
partners of @826, a limited partnership agree:
#8133
/* Para. 8133: Reserves from initial capital */
That the general partners of @826 shall maintain a reserve
account with a minimum balance of $ @827 (!827 dollars) from
initial capital which shall be placed in a separate, interest
bearing account.
#8134
/* Para. 8134: Reserves from operation */
That the general partners of @826, once the partnership begins
operations shall establish a reserve account, which shall be
deposited in a separate, interest bearing account. All profits
from operations shall be deposited in this account until it
reaches the sum of $ @828 (!828 dollars).
#8135
/* Para. 8135: Invasion of reserves */
The reserves shall accumulate and may only be invaded by the
general partner upon the following occurrences:
@829
and may only be used for the following purposes:
@830.
#8136
/* Para. 8136: Held till wind up */
The reserves shall be held until the dissolution or winding up of
the limited partnership.
#8137
/* Para. 8137: Closer */
Dated: ____________________________
General Partners:
Limited Partners: