Common use of Accounting on Dissolution Clause in Contracts

Accounting on Dissolution. Following the dissolution of the Partnership pursuant to Section 9.1 of this Agreement, the books of the Partnership shall be closed, and a proper accounting of the Partnership’s assets, liabilities, and operations shall be made by the General Partner, all as of the most recent practicable date. The General Partner shall serve as the liquidator of the Partnership unless it has been removed or unless it otherwise fails or refuses to serve. If the General Partner does not serve as the liquidator, one or more other Persons or entities maybe elected to serve by vote or consent of the Limited Partner. The expenses incurred by the liquidator in connection with the dissolution, liquidation, and termination of the Partnership shall be borne by the Partnership.

Accounting on Dissolution. Following the dissolution of the Partnership pursuant to Section 9.1 10.1 of this Agreement, the books of the Partnership shall be closed, and a proper accounting of the Partnership’s 's assets, liabilities, liabilities and operations shall be made by the General Financial Partner, all as of the most recent practicable date. The General Financial Partner shall serve as the liquidator of the Partnership unless it has been removed or unless it otherwise fails or refuses to serve. If the General Financial Partner does not serve as the liquidator, one or more other Persons persons or entities maybe elected may be selected to serve by vote or consent of the Limited Operating Partner. The expenses incurred by the liquidator in connection with the dissolution, liquidation, liquidation and termination of the Partnership shall be borne by the Partnership.