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General Partners Fidelity Bond Provision
Each General Partner will obtain and keep in force a fidelity
bond of ........ dollars ($........) with an insurance company
acceptable to a majority of the other General Partners. The cost
of obtaining and maintaining such bond will be paid by the
partnership (Partnership). The bond must provide for payment to
Partnership for (1) willful failure, gross negligence, or
negligent failure to perform the duties imposed on the General
Partner by this Agreement or (2) defalcation or embezzlement by
the General Partner.