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Am I reading the Agreement correctly that no additional capital will be needed from the partners to maintain these horses? No monthly or annual fee?

April 26, 2017additional Agreement Capital correctly horses maintain needed partners Reading

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Am I reading the Agreement correctly that no additional capital will be needed from the partners to maintain these horses? No monthly or annual fee?

1 Answer

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So long as StablesOnline.com Inc., is the Management Agent, there will be no assessments for additional capital during the Term. Further, in the event the Partners, by vote of majority in interest, elect to continue the Partnership, no Partner may have his/her interest forfeited or diminished as a consequence of such continuation nor shall any partner’s interest be subject to calls for additional capital unless ALL Partners shall agree.