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(a) Do any act in contravention of this
Agreement, without first obtaining the written consent
thereto of a “Majority in Interest of the Limited
Partners” * * * [defined as limited partners holding
more than 50 percent of the interest in the ordinary
income of the partnership held by limited partners].
(b) Do any act * * * which would (i) make
it impossible to carry on the ordinary business of the
Partnership, or (ii) change the nature of the
Partnership’s business, without first obtaining the
written consent thereto of a Majority in Interest of
the Limited Partners.
(c) Confess a judgment against the
Partnership, without first obtaining the written
consent thereto of a Majority in Interest of the
Limited Partners.
(d) Possess Partnership property, or assign
the Partnership’s right in such property, for other
than a Partnership purpose without first obtaining the
written consent thereto of a Majority in Interest of
the Limited Partners.
(e) Admit a person as a limited partner,
otherwise than as permitted by this Agreement, without
first obtaining the written consent thereto of a
Majority in Interest of the Limited Partners.
(f) Elect to dissolve and wind up the
Partnership, without first obtaining the written
consent thereto of a Majority in Interest of the
Limited Partners.
(g) Sell or reinvest 5% or more of the
Portfolio (based on their fair market value) in a
single transaction or in a related series of
transactions, other than in the ordinary course of
business, without first obtaining the written consent
thereto of a Majority in Interest of the Limited
Partners.
(h) Issue or sell new interests in the
Partnership (or admit new partners in connection
therewith) or permit the contribution of new capital to
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Last modified: May 25, 2011