Common use of Asset and Liability Statement Clause in Contracts

Asset and Liability Statement. Within a reasonable time following the completion of the winding-up and liquidation of the Partnership’s business, the Partnership Governance Committee shall supply to each of the Partners a statement (which may be unaudited) which shall set forth the assets and the liabilities of the Partnership as of the date of complete liquidation, and each Partner’s pro rata portion of distributions pursuant to Section 12.2.

Appears in 5 contracts

Samples: Agreement (Equistar Chemicals Lp), Lease Agreement (Equistar Chemicals Lp), Lease Agreement (Millennium Chemicals Inc)

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Asset and Liability Statement. Within a reasonable time following the completion of the winding-up and liquidation of the Partnership’s 's business, the Partnership Governance Committee shall supply to each of the Partners a statement (which may be unaudited) which shall set forth the assets and the liabilities of the Partnership as of the date of complete liquidation, and each Partner’s 's pro rata portion of distributions pursuant to Section 12.2.

Appears in 5 contracts

Samples: Lyondell Chemical Co, Lyondell Petrochemical Co, Millennium Chemicals Inc

Asset and Liability Statement. Within a reasonable time following the ----------------------------- completion of the winding-up and liquidation of the Partnership’s 's business, the Partnership Governance Committee shall supply to each of the Partners a statement (which may be unaudited) which shall set forth the assets and the liabilities of the Partnership as of the date of complete liquidation, and each Partner’s 's pro rata portion of distributions pursuant to Section 12.2.. ------------

Appears in 3 contracts

Samples: Lease Agreement (Equistar Funding Corp), Lease Agreement (Lyondell Chemical Co), Lease Agreement (Equistar Chemicals Lp)

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Asset and Liability Statement. Within a reasonable time following the completion of the winding-up and liquidation of the Partnership’s 's business, the Partnership Governance Committee shall supply to each of the Partners a statement (which may be unaudited) which shall set forth the assets and the liabilities of the Partnership as of the date of complete liquidation, and each Partner’s 's pro rata portion of distributions pursuant to Section 12.2.. -42- 48 SECTION 13 MISCELLANEOUS

Appears in 1 contract

Samples: Occidental Petroleum Corp /De/

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