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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, after any allocations under Section 6.3 and the <br /> distributions pursuant to this subparagraph (b), the General <br /> Partner shall contribute to the capital of the Partnership the <br /> lesser of (i) its negative Capital Account balance, if any, or <br /> (ii) the amount which when added to its prior Contributions <br /> equals 1.01% of the aggregate Contributions of the Limited <br /> Partners. Amounts so contributed shall be distributed to the <br /> Partners as additional liquidation proceeds pursuant to this <br /> subparagraph (b). <br /> For purposes of distributions to Partners, Capital Account <br /> balances shall be determined after taking into account all <br /> Capital Account adjustments for the fiscal year in which the <br /> liquidation occurs, and payment by the Partnership with respect <br /> to these balances shall be made by the end of that fiscal year <br /> or, if later, within ninety (90) days after the date of the <br /> liquidation. For this purpose, a liquidation of the Partnership <br /> shall be deemed to occur on the earlier of the date on which (i) <br /> the Partnership is terminated under Code Section 708(b)(1) or <br /> (ii) the Partnership ceases to be a going concern. <br /> SECTION 13: MISCELLANEOUS <br /> 13.1 Headings. <br /> The headings used in this Agreement are intended <br /> principally for convenience and shall not, by themselves, <br /> determine the Partners' rights and obligations. <br /> -59- <br />
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