Common use of DISTRIBUTION AFTER DISSOLUTION Clause in Contracts

DISTRIBUTION AFTER DISSOLUTION. Upon dissolution, the Partnership shall continue solely for the purpose of winding up its affairs in an orderly manner, liquidating its assets and satisfying the claims of creditors and Partners. In so doing, a full accounting of the assets and liabilities of the Partnership shall be taken and the Partnership assets shall be distributed as promptly as possible as hereinafter provided:

Appears in 7 contracts

Samples: Limited Partnership Agreement (Ryder Funding Ii Lp), Limited Partnership Agreement (Ryder Truck Rental I Lp), Limited Partnership Agreement (Honda Titling D Lp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!