Successor’s Interest. The Partnership shall have the option to purchase the Successor’s Percentage Interest as described in Sections 15.2 and 15.3. The Partnership’s decision to exercise its option to purchase shall be within the sole discretion of the General Partner. The option shall be available for 90 days after the date of death or incapacity of a Limited Partner and shall be exercised by giving notice to the Partnership and the Successor within that time period.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Investment Grade R.E. Income Fund, L.P.), Limited Partnership Agreement (Investment Grade R.E. Income Fund, L.P.), Limited Partnership Agreement (Investment Grade R.E. Income Fund, L.P.)
