My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
AG 1997 12 15
CabarrusCountyDocuments
>
Public Meetings
>
Agendas
>
BOC
>
1997
>
AG 1997 12 15
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/25/2002 6:32:25 PM
Creation date
11/27/2017 11:54:54 AM
Metadata
Fields
Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/15/1997
Board
Board of Commissioners
Meeting Type
Regular
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
256
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
decreased by any withdrawals made by it or <br />distributions made to it from the beginning of the <br />fiscal year in question to the Valuation Date. <br /> <br /> (vi) The fair market value of all real property <br />shall be substituted for its book value. The fair <br />market value of all real property shall be made by <br />three qualified, independent appraisers, one of whom <br />shall be chosen by the Transferring Partner (or its <br />successor in interest) and one of whom shall be chosen <br />by the Remaining Partner and the third of whom shall be <br />chosen by the other two, first chosen appraisers. At <br />least one such appraiser shall be a certified <br />appraiser. The appraisers shall be engaged to <br />determine the fair market value of such real property <br />and to furnish to each interested person or Partner a <br />statement showing their determination, together with <br />supporting items and computations within (i) thirty <br />days following the date of a Notice of Transfer given <br />pursuant to Section 7.1, (ii) five days following the <br />end of the fiscal year in which Notice of Withdrawal <br />pursuant to Section 7.2 is given, or (iii) forty-five <br />days following the date of death, the date of <br />expulsion, the date of adjudication of incompetency, <br />the occurrence of one of the events specified in <br />Section 7.3, or the date of determination of total <br />disability of a deceased, expelled, incompetent, <br />insolvent or disabled Partner, as the case may be. <br />Such determination by the appraisers shall be binding <br />upon the Partners and the personal and legal <br />representatives of a deceased, expelled, bankrupt, <br />insolvent, incompetent or disabled Partner. The 'cost <br />of such appraisals shall be borne equally by the <br />Partners. <br /> <br /> The accuracy of the books of account shall be assUmed, and a <br />formal audit thereof is hereby expressly waived. The certificate <br />of the Partnership Accountant with respect to the computation of <br />book value and the purchase price shall be binding and conclusive <br />upon all parties to this Agreement and upon any other person or <br />entity having or claiming to have any right or interest in the <br />Partnership Interest being purchased. ~ith respect to the <br />computation of the purchase price, the Partnership Accountant <br />shall state in its certificate what portion, if any, of such <br />purchase price is attributable to account receivable. <br /> <br /> 7.5 Closing. At the Closing, the Partner (or its successor <br />in interest) whose PartnershiD Interest is being transferred (the <br />"Transferring Partner") shall, concurrently with tender and <br />receipt of the applicable purchase price (whether the same be <br />received in cash, by certified or cashier's check, by promissory <br />note or otherwise, as hereinafter provided), deliver to the <br /> <br />13 <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.