Allocations Upon Liquidation. Upon the liquidation of the Partnership, including the sale of all or substantially all of the Partnership's assets, income and loss shall be allocated among the Partners to cause the ending Capital Account balance of each Partner to be, as near as reasonably practicable, in proportion to the respective Percentage Interest of each Partner.
Appears in 2 contracts
Samples: General Partnership Agreement (BHC Meadows Partner Inc), General Partnership Agreement (Psychiatric Solutions Inc)
Allocations Upon Liquidation. Upon the liquidation of the Partnership, including the sale of all or substantially all of the Partnership's ’s assets, income and loss shall be allocated among the Partners to cause the ending Capital Account balance of each Partner to be, as near as reasonably practicable, in proportion to the respective Percentage Interest of each Partner.
Appears in 2 contracts
Samples: General Partnership Agreement (UHS of Timberlawn, Inc.), General Partnership Agreement (UHS of Timberlawn, Inc.)
Allocations Upon Liquidation. Upon After giving effect to the allocations in Sections 12.2(a)-(g), upon the liquidation of the Partnership, including the sale of all or substantially all of the Partnership's assets, income all remaining items of income, gain, loss and loss deduction shall be allocated among the Partners to cause the ending Capital Account balance of each Partner to be, as near as reasonably practicable, in proportion to the respective Percentage Interest of each Partner.
Appears in 1 contract
Samples: General Partnership Agreement (Psychiatric Solutions Inc)
