Alternative Liquidation Procedure Clause Samples
Alternative Liquidation Procedure. Notwithstanding the foregoing, if the Trustees shall determine that an immediate sale of part or all of the Trust assets would cause undue loss to the Holders, the Trustees, in order to avoid such loss, may, after having given notification to all the Holders, to the extent not then prohibited by the law of any jurisdiction in which the Trust is then formed or qualified and applicable in the circumstances, either defer liquidation of and withhold from distribution for a reasonable time any assets of the Trust except those necessary to satisfy the Trust's debts and obligations or distribute the Trust's assets to the Holders in liquidation.
Alternative Liquidation Procedure. Section 7.3
Alternative Liquidation Procedure. 9 Section 7.3 Cash Distributions Upon Liquidation 9 Section 7.4 Treatment of Negative Book Capital Account Balance . . . . . . . . . . . . . . . . . . 9
Alternative Liquidation Procedure. 9 Section 7.3 Cash Distributions Upon Liquidation 9 Section 7.4 Treatment of Negative Book Capital Account Balance . . . . . . . . . . . . . . . . . . 9 PROCEDURES FOR ALLOCATIONS AND DISTRIBUTIONS OF FLORIDA TAX FREE PORTFOLIO (the "Trust")
Alternative Liquidation Procedure. 9 Section 7.3 Cash Distributions Upon Liquidation 9 Section 7.4 Treatment of Negative Book Capital Account Balance . . . . . . . . . . . . . . . . . . 9 PROCEDURES FOR ALLOCATIONS AND DISTRIBUTIONS OF NEW YORK TAX FREE PORTFOLIO (the "Trust") ---------------------------
Alternative Liquidation Procedure. 9 Section 7.3 Cash Distributions Upon Liquidation 9 Section 7.4 Treatment of Negative Book Capital Account Balance . . . . . . . . . 9 PROCEDURES FOR ALLOCATIONS AND DISTRIBUTIONS OF ASIAN SMALL COMPANIES PORTFOLIO (the "Trust")
Alternative Liquidation Procedure. Notwithstanding Section 6.1 hereof, if the Managers determine that an immediate sale of any or all of the assets of the Fund would cause undue loss to the Members, then to avoid such loss the Manager may, after notifying all the Members and the extent not then prohibited by any applicable law, either (a) defer liquidation of, and withhold from distribution for a reasonable time, any assets of the Fund except those necessary to satisfy the debts and obligations of the Fund or (b) distribute the assets of the Fund to the Members in liquidation.
Alternative Liquidation Procedure. 9 Section 7.3 Cash Distributions Upon Liquidation 9 Section 7.4