Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner pursuant to Article 11 shall be made in exchange for the interest of such Partner in Partnership Property pursuant to Section 736(b)(1) of the Code, including the interest of such Partner in Partnership goodwill.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Hospital of Fulton, Inc.), Limited Partnership Agreement (Winder HMA, LLC)
Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner pursuant to Article 11 shall be made in exchange for the interest of such Partner in Partnership Property property pursuant to Section 736(b)(1) of the Code, including the interest of such Partner in Partnership goodwill.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Resound Corp), Limited Partnership Agreement (Resound Corp)
Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner (whether pursuant to Article 11 X or Article XII hereof) shall be made in exchange for the interest of such Partner in Partnership Property pursuant to Section 736(b)(1736(b)(l) of the Code, including the interest of such Partner in Partnership goodwill.
Appears in 1 contract
Samples: Limited Partnership Agreement (Global Media USA, LLC)
Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner (whether pursuant to Article 11 X or Article XII hereof) shall be made in exchange for the interest of such Partner in Partnership Property pursuant to Section 736(b)(1) of the Code, including the interest of such Partner in Partnership goodwill.
Appears in 1 contract
