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ARTICLE II THE INVESTMENT
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pursuant to the above provision, if and when there is sufficient cash based on
the actual total cash on hand after deducting actual expenses and setting
aside at least projected two months’ cash operating requirement of the
Branch.
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Business. Thus, in the event that a Party decides to pull out its investment
within the period of _______ (--) years from the execution of this agreement,
such party shall be liable to the other parties for the payment of the amount
equivalent to Fifty Percent (50%) of the amount invested as liquidated
damage.
16. ASSIGNMENT – Any Party may not assign any of its rights or
obligations under this agreement to any other party without the unanimous
prior written consent of the other Parties.
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_________________________ _________________________
PARTY A PARTY B
__________________________
PARTY C
_________________________ ________________________
ACKNOWLEDGMENT
BEFORE ME, a Notary Public, for and in the City of ________, this
___ day of ___________, personally appeared:
COMPETENT EVIDENCE OF
NAME
IDENTITY
Agency and ID No.
Valid Until
Agency and ID No.
Valid Until
Agency and ID No.
Valid Until