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| Terms of the Partnership Table Of Contents Formation of the Partnership Name Definitions Business of the Partnership Names and Addresses of the Partners Term Business Office Capital Contributions Distributions Allocations of Profits and Losses for Tax Purposes Book of Accounts, Records, and Reports Fiscal Year Partnership Funds Transfer of Partnership Interests and Voting Management and Administration of Business Dissolution of the Partnership Winding Up, Termination, and Liquidating Distributions Notices Miscellaneous |
Dissolution of the Partnership The happening of any one of the following events shall work an immediate dissolution of the Partnership: (i) The sale or disposition (including 100% syndication) of the Partnership Thoroughbred. (ii) The affirmative vote for dissolution of the Partnership by Partners having at least 75 percent of the aggregate Partnership Percentages. (iii) The Bankruptcy or Incapacity of any Partner; provided that the remaining Partners shall not continue the business of the Partnership within the provisions of the Act. (iv) The expiration of the term of the Partnership, unless agreed to be extended by the majority of the Partners. |
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