Common use of Creation of Reserves Clause in Contracts

Creation of Reserves. After making payment or provision for payment of all debts and liabilities of the Partnership and all expenses of liquidation, the Liquidator may set up such cash reserves as the Liquidator may deem reasonably necessary for any contingent or unforeseen liabilities or obligations of the Partnership.

Appears in 12 contracts

Samples: Limited Partnership Agreement (Longview Clinic Operations Company, LLC), Limited Partnership Agreement (PHC Hospitals, LLC), Limited Partnership Agreement (PHC Hospitals, LLC)

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Creation of Reserves. After making payment or provision for payment of all debts and liabilities of the Partnership Company and all expenses of liquidation, the Liquidator may set up such cash reserves as the Liquidator may deem reasonably necessary for any contingent or unforeseen liabilities or obligations of the PartnershipCompany.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Almost Family Inc), Equity Purchase Agreement (Almost Family Inc), Operating Agreement (PHC Hospitals, LLC)

Creation of Reserves. After making payment or provision for -------------------- payment of all debts and liabilities of the Partnership and all expenses of liquidation, the Liquidator may set up such cash reserves as the Liquidator may deem reasonably necessary for any contingent or unforeseen liabilities or obligations of the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Global Imaging Systems Inc)

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Creation of Reserves. After making payment or provision for payment of all debts and liabilities of the Partnership and all expenses of liquidation, the Liquidator may set up such cash reserves as the Liquidator may deem reasonably necessary for any contingent or unforeseen liabilities or obligations of the Partnership.reasonably

Appears in 1 contract

Samples: Limited Partnership Agreement (Dodge City Healthcare Group Lp)

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