Common use of Death of a Limited Partner or Subordinated Limited Partner Clause in Contracts

Death of a Limited Partner or Subordinated Limited Partner. In the event of the death of any Limited Partner or any Subordinated Limited Partner, the Capital Contribution of such deceased Limited Partner or Subordinated Limited Partner shall be returned (subject to the provisions of Section 6.7 hereof) to the estate of such deceased Limited Partner or Subordinated Limited Partner within six (6) months after the actual date of death of such Limited Partner or Subordinated Limited Partner, as the case may be. The provisions of Section 6.3F shall not be applicable to the Capital Contribution of a deceased Subordinated Limited Partner and Section 6.3G shall not be applicable to the Capital Contribution of a deceased Limited Partner. In addition such Limited Partner’s or Subordinated Limited Partner’s estate shall receive (within 75 days after the actual date of death of the Limited Partner or Subordinated Limited Partner) the Limited Partner’s or Subordinated Limited Partner’s pro rata share of any cash distributions to which such deceased Limited Partner or Subordinated Limited Partner was entitled as set forth in Sections 8.2A(i)(a) or 8.2A(i)(c) hereof, calculated as of the previous Valuation Date if such death takes place on or prior to the 15th day of a month or calculated as of the next Valuation Date if such death takes place on or after the 16th day of a month. Until a deceased Limited Partner’s or Subordinated Limited Partner’s Capital Contribution is returned to the estate of such deceased Limited Partner or Subordinated Limited Partner, such estate shall continue to receive all sums which would have been due to such deceased Limited Partner or Subordinated Limited Partner pursuant to Section 3.3B hereof. As stated herein, all such payments shall be made to the estate of the deceased Limited Partner or Subordinated Limited Partner unless the Partnership has received evidence, satisfactory to the Partnership, in its sole discretion, that such payments should be made to some other entity or Person.

Death of a Limited Partner or Subordinated Limited Partner. In the event of the death of any Limited Partner or any Subordinated Limited Partner, the Capital Contribution of such deceased Limited Partner or Subordinated Limited Partner shall be returned (subject to the provisions of Section 6.7 hereof) to the estate of such deceased Limited Partner or Subordinated Limited Partner within six (6) months after the actual date of death of such Limited Partner or Subordinated Limited Partner, as the case may be. The provisions of Section 6.3F shall not be applicable to the Capital Contribution of a deceased Subordinated Limited Partner and Section 6.3G shall not be applicable to the Capital Contribution of a deceased Limited Partner. In addition such Limited Partner’s or Subordinated Limited Partner’s 's estate shall receive (within 75 days after the actual date of death of the Limited Partner or Subordinated Limited Partner) the Limited Partner’s or Subordinated Limited Partner’s 's pro rata share of any cash distributions to which such deceased Limited Partner or Subordinated Limited Partner was entitled as set forth in Sections 8.2A(i)(a) or 8.2A(i)(c8.2A(i)(d) hereof, calculated as of the previous Valuation Date if such death takes place on or prior to the 15th day of a month or calculated as of the next Valuation Date if such death takes place on or after the 16th day of a month. Until a deceased Limited Partner’s or Subordinated Limited Partner’s 's Capital Contribution is returned to the estate of such deceased Limited Partner or Subordinated Limited Partner, such estate shall continue to receive all sums which would have been due to such deceased Limited Partner or Subordinated Limited Partner pursuant to Section 3.3B hereof. As stated herein, all such payments shall be made to the estate of the deceased Limited Partner or Subordinated Limited Partner unless the Partnership has received evidence, satisfactory to the Partnership, in its sole discretion, that such payments should be made to some other entity or Person.

Death of a Limited Partner or Subordinated Limited Partner. In the event of the death of any Limited Partner or any Subordinated Limited Partner, the Capital Contribution of such deceased Limited Partner or Subordinated Limited Partner shall be returned (subject to the provisions of Section 6.7 hereof) to the estate of such deceased Limited Partner or Subordinated Limited Partner within six (6) months after the actual date of death of such Limited Partner or Subordinated Limited Partner, as the case may be. The provisions of Section 6.3F shall not be applicable to the Capital Contribution of a deceased Subordinated Limited Partner and Section 6.3G shall not be applicable to the Capital Contribution of a deceased Limited Partner. In addition such Limited Partner’s or Subordinated Limited Partner’s estate shall receive (within 75 days after the actual date of death of the Limited Partner or Subordinated Limited Partner) the Limited Partner’s or Subordinated Limited Partner’s pro rata share of any cash distributions to which such deceased Limited Partner or Subordinated Limited Partner was entitled as set forth in Sections 8.2A(i)(a) or 8.2A(i)(c8.2A(i)(b) hereof, calculated as of the previous Valuation Date if such death takes place on or prior to the 15th day of a month or calculated as of the next Valuation Date if such death takes place on or after the 16th day of a month. Until a deceased Limited Partner’s or Subordinated Limited Partner’s Capital Contribution is returned to the estate of such deceased Limited Partner or Subordinated Limited Partner, such estate shall continue to receive all sums which would have been due to such deceased Limited Partner or Subordinated Limited Partner pursuant to Section 3.3B hereof. As stated herein, all such payments shall be made to the estate of the deceased Limited Partner or Subordinated Limited Partner unless the Partnership has received evidence, satisfactory to the Partnership, in its sole discretion, that such payments should be made to some other entity or Person.

Death of a Limited Partner or Subordinated Limited Partner. In the event of the death of any Limited Partner or any Subordinated Limited Partner, the Capital Contribution of such deceased Limited Partner or Subordinated Limited Partner shall be returned (subject to the provisions of Section 6.7 hereof) to the his estate of such deceased Limited Partner or Subordinated Limited Partner within six (6) months after the actual date of death of such the Limited Partner or Subordinated Limited Partner, as the case may be. The provisions of Section 6.3F 6.3G shall not be applicable to the Capital Contribution of a deceased Subordinated Limited Partner and Section 6.3G 6.3H shall not be applicable to the Capital Contribution of a deceased Limited Partner. In addition such Limited Partner’s or Subordinated Limited Partner’s estate shall receive (within 75 days after the actual date of death of the Limited Partner or Subordinated Limited Partner) the Limited Partner’s or Subordinated Limited Partner’s pro rata share of any cash distributions to which such deceased Limited Partner or Subordinated Limited Partner was entitled as set forth in Sections 8.2A(i)(a) or 8.2A(i)(c) Section 8.2A hereof, calculated as of the previous Valuation Date if such death takes place on or prior to the 15th day of a month or calculated as of the next Valuation Date if such death takes place on or after the 16th day of a month. Until a deceased Limited Partner’s or Subordinated Limited Partner’s Capital Contribution is returned to the estate of such deceased Limited Partner or Subordinated Limited Partnerhis estate, such his estate shall continue to receive all sums which would have been due to such deceased Limited Partner or Subordinated Limited Partner pursuant to Section 3.3B hereof. As stated herein, all such payments shall be made to the estate of the deceased Limited Partner or Subordinated Limited Partner unless the Partnership has received evidence, satisfactory to the Partnership, in its sole discretion, that such payments should be made to some other entity or Personperson.