Common use of Compliance with Timing Requirements of Treasury Regulations Clause in Contracts

Compliance with Timing Requirements of Treasury Regulations. Notwithstanding anything in this Article 8 to the contrary, in the event the Partnership is "liquidated" within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), distributions shall be made to the Partners within the time required by Regulations Section 1.704-1(b)(2)(ii)(b)(2) to the extent practicable. However, a liquidation occurring as a result of a Tax Termination shall be treated as provided in Regulations Section 1.708-1(b)(1)(iv), or otherwise as required by successor Regulations, if any.