Common use of Distribution of Assets Upon Termination Clause in Contracts

Distribution of Assets Upon Termination. (a) Upon the dissolution of the Partnership pursuant to Section 11.1, unless the Partnership is continued pursuant to Section 11.1(b), the General Partner (or if there is none or if such dissolution occurred pursuant to Section 11.1(c), a Person approved by Limited Partners holding a majority of the outstanding Partnership Units, voting together as a single class and group, to act as a liquidating trustee of the Partnership (the “Liquidating Trustee”)), shall proceed diligently to wind up the affairs of the Partnership and distribute its assets in accordance with the provisions of Section 11.2(d).

Distribution of Assets Upon Termination. (a) Upon the dissolution of the Partnership pursuant to Section 11.112.1, unless the Partnership is continued pursuant to Section 11.1(b12.1(b), the General Partner (or if there is none or if such dissolution occurred pursuant to Section 11.1(c12.1(c), a Person approved by Limited Partners holding a majority of the outstanding Partnership Units, voting together as a single class and group, to act as a liquidating trustee of the Partnership (the “Liquidating Trustee”)), shall proceed diligently to wind up the affairs of the Partnership and distribute its assets in accordance with the provisions of Section 11.2(d12.2(d).