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FIRST AMENDED PARTNERSHIP AGREEMENT
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FIRST AMENDED PARTNERSHIP AGREEMENT
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1/6/2010 3:53:22 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
11/15/1989
LONG TERM AGREEMENTS - NAME
RVC INVESTMENTS INC
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
RIDGE VIEW COMMONS
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Partnership Expenses is insufficient to return any Partner's <br /> total Contributions, the Partner shall have no recourse against <br /> any of the Partners or against the Partnership for the return <br /> thereof. <br /> 5.6. No Third Party Rights. <br /> The obligations or rights of the Partnership or of Partners <br /> to make or require any Contribution under this Agreement or <br /> the Investor Note shall not grant any rights to, or confer any <br /> benefits upon, any Person who is not a Partner. The making of <br /> nonrecourse loans to the Partnership shall not make the lender a <br /> Partner. <br /> 5.7. Loans from the General Partner. <br /> To the extent that the Partnership requires funds in <br /> addition to the capital provided for in Sections 5.1 and 5.2 <br /> above, the General Partner may lend such funds in cash to the <br /> Partnership. Any loan shall be evidenced by an unsecured <br /> nontransferable promissory note payable by the Partnership to the <br /> extent of available cash from operations and before any fees due <br /> under Section 7.5 are paid. The principal amount shall bear <br /> interest at a rate equal to the lesser of (a) the reference rate <br /> announced by Wells Fargo Bank, N.A. plus 3% or (b) the maximum <br /> amount allowed by law for business loans not exempt from <br /> California usury law. Loans shall not be made by the General <br /> Partner to pay any amounts due from the Partnership under Section <br /> 7.5. A loan the General Partner makes to the Partnership shall <br /> not constitute a Contribution. <br /> -16- <br />
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