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

Death or Disability of a Limited Partner. In the event of the death or Disability of an individual Limited Partner, the Partnership shall have the assignable option (but not the obligation) to acquire all or any portion of such Limited Partner's Interest by notifying the Limited Partner, the Limited Partner's estate or the Limited Partner's representative, as the case may be, within ninety (90) days of the date of death or determination of Disability of such Limited Partner of the Partnership's intention to acquire the Interest of such Limited Partner in the Partnership. The price and terms of purchase pursuant to which the Partnership shall be entitled to exercise the option granted in this Section 9.3 shall be those set forth in Section 9.4 hereof.

Death or Disability of a Limited Partner. In the event of the death ---------------------------------------- or Disability disability of an individual Limited Partner, the Partnership shall have the assignable option (but not the obligation) to acquire all or any portion of such Limited Partner's Interest by notifying the Limited Partner, the Limited Partner's estate or the Limited Partner's representative, as the case may be, within ninety (90) days of the date of death or determination of Disability disability of such Limited Partner of the Partnership's intention to acquire the Interest of such Limited Partner in the Partnership. The price and terms of purchase pursuant to which the Partnership shall be entitled to exercise the option granted in this Section 9.3 shall be those set forth in Section 9.4 hereof.

Death or Disability of a Limited Partner. In the event of the death ------------------------------------------- or Disability disability of an individual Limited Partner, the Partnership shall have the assignable option (but not the obligation) to acquire all or any portion of such Limited Partner's Interest by notifying the Limited Partner, the Limited Partner's estate or the Limited Partner's representative, as the case may be, within ninety (90) days of the date of death or determination of Disability disability of such Limited Partner of the Partnership's intention to acquire the Interest of such Limited Partner in the Partnership. The price and terms of purchase pursuant to which the Partnership shall be entitled to exercise the option granted in this Section 9.3 shall be those set forth in Section 9.4 hereof.