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admission shall have been performed, including filing a <br /> certificate of amendment of limited partnership; <br /> (viii) the substitute General Partner shall have <br /> provided the Partnership with evidence satisfactory to counsel <br /> for the Partnership of its authority to become a General <br /> Partner and to be bound by the terms of this Agreement; and <br /> (ix) the substitute General Partner shall have <br /> demonstrated ability in the operation and management of <br /> residential housing developments, including low- income housing <br /> projects. <br /> (b) In the event a General Partner transfers its interest <br /> pursuant to Section 10.2.1, it shall be and shall remain liable <br /> for all obligations and liabilities incurred by it as General <br /> Partner before the effective date of the Transfer, but shall be <br /> relieved of any obligation or liability incurred on account of <br /> the Partnership thereafter. The substitute General Partner shall <br /> be obligated to pay any increase in real property taxes or <br /> transfer taxes owed by the Partnership that are triggered by the <br /> Transfer. <br /> 10.2.2 Terminating Events. <br /> Upon the occurrence of a Terminating Event with <br /> respect to the General Partner, the Partnership shall purchase <br /> the Partnership interest of the General Partner in the manner and <br /> for the amount as specified in Section 8.3(c) of this Agreement. <br /> 10.3 Limited Partners. <br /> 10.3.1 Transfers. <br /> A Limited Partner may Transfer its Partnership <br /> -54- <br />