Defaulting Partner. Each Partner shall be responsible both to the other Partner(s) and to the Partnership for such Partner's allocated and proportionate interest of such required contributions. In the event any Partner should not make the contributions required, the remaining Partner(s) or any of them may elect to advance such sums in proportion to the respective interests of the electing Partners, within twenty (20) days after the date on which such contributions are due.
Appears in 2 contracts
Sources: Partnership Agreement (Fuery John J), Partnership Agreement (Oncure Technolgies Corp)