DISSOLUTION IF NO GENERAL PARTNER REMAINING. In the event of the dissolution of the Partnership pursuant to Section 10.01(b) because no General Partner remains, a liquidating trustee selected by a majority in interest of the Limited Partners shall wind up the affairs of the Partnership. Any such liquidating trustee shall have the full right and unlimited discretion to determine the time, manner and terms of any sale or sales of Partnership Property based on the activity and condition of the relevant market and general financial and economic conditions. The Limited Partners shall continue to share profits and losses during the period of liquidation in the same proportion as before the dissolution.
Appears in 8 contracts
Samples: Execution Copy (Honda Titling D Lp), Limited Partnership Agreement (Ryder Funding Ii Lp), Limited Partnership Agreement (Ryder Truck Rental I Lp)
