Common use of Distribution of Proceeds of Liquidation Clause in Contracts

Distribution of Proceeds of Liquidation. The receiver will distribute the net proceeds from liquidation of the Limited Partnership as follows: (a) first, to pay the expenses of liquidation and the debts and liabilities of the Limited Partnership to its creditors, including both secured and unsecured creditors, or to make due provision for payment thereof; (b) second, to provide for such reserves as the receiver considers reasonably necessary for any contingent or unforeseen liability or obligation of the Limited Partnership, which may be set aside or paid to an escrow agent to be held for payment of liabilities or obligations of the Limited Partnership; (c) third, to pay to the General Partner the amount of any costs and expenses that the General Partner is entitled to receive from the Limited Partnership; (d) fourth, to pay to the General Partner a five percent (5%) cumulative, but not compounded, rate of return on the amount of the capital Contributed by the General Partner pursue to Section 3.1 (b), minus any amounts previously paid to the General Partner under Section 4.1(a)(v); and (e) fifth, to distribute the balance to the Limited Partner.

Distribution of Proceeds of Liquidation. The receiver will distribute the net proceeds from liquidation of the Limited Partnership as follows: (a) first, to pay the expenses of liquidation and the debts and liabilities of the Limited Partnership to its creditors, including both secured and unsecured creditors, or to make due provision for payment thereof; (b) second, to provide for such reserves as the receiver considers reasonably necessary for any contingent or unforeseen liability or obligation of the Limited Partnership, which may be set aside or paid to an escrow agent to be held for payment of liabilities or obligations of the Limited Partnership; (c) third, to pay to the General Partner the amount of any costs and expenses that the General Partner is entitled to receive from the Limited Partnership; (d) fourth, to pay to the General Partner a five percent (5%) cumulative, but not compounded, rate of return on the amount of the capital One Hundred Dollars ($100.00) Contributed by the General Partner pursue pursuant to Section 3.1 (b3.2(a), minus any amounts previously paid to the General Partner under Section 4.1(a)(v4.1(a)(vi); and (e) fifth, to distribute the balance to the Limited Partner.

Distribution of Proceeds of Liquidation. The receiver will distribute the net proceeds from liquidation of the Limited Partnership as follows: (a) first, to pay the expenses of liquidation and the debts and liabilities of the Limited Partnership to its creditors, including both secured and unsecured creditors, or to make due provision for payment thereof; (b) second, to provide for such reserves as the receiver considers reasonably necessary for any contingent or unforeseen liability or obligation of the Limited Partnership, which may be set aside or paid to an escrow agent to be held for payment of liabilities or obligations of the Limited Partnership; (c) third, to pay to the General Partner the amount of any costs and expenses that the General Partner is entitled to receive from the Limited Partnership; (d) fourth, to pay to the General Partner a five percent (5%) cumulative, but not compounded, rate of return on the amount of the capital Contributed by the General Partner pursue pursuant to Section 3.1 (b3.1(b), minus any amounts previously paid to the General Partner under Section 4.1(a)(v); and (e) fifth, to distribute the balance to the Limited Partner.

Distribution of Proceeds of Liquidation. The receiver will distribute the net proceeds from liquidation of the Limited Partnership as follows: (a) first, to pay the expenses of liquidation and the debts and liabilities of the Limited Partnership to its creditors, including both secured and unsecured creditors, or to make due provision for payment thereof; (b) second, to provide for such reserves as the receiver considers reasonably necessary for any contingent or unforeseen liability or obligation of the Limited Partnership, which may be set aside or paid to an escrow agent to be held for payment of liabilities or obligations of the Limited Partnership; (c) third, to pay to the General Partner the amount of any costs and expenses that the General Partner is entitled to receive from the Limited Partnership; (d) fourth, to pay to the General Partner a five percent (5%) cumulative, but not compounded, rate of return on the amount of the capital One Hundred Dollars ($100.00) Contributed by the General Partner pursue pursuant to Section 3.1 (b3.2(a), minus any amounts previously paid to the General Partner under Section 4.1(a)(v4.1(a)(vii); and (e) fifth, to distribute the balance to the Limited Partner.;

Distribution of Proceeds of Liquidation. The receiver will distribute the net proceeds from liquidation of the Limited Partnership as follows: (a) first, to pay the expenses of liquidation and the debts and liabilities of the Limited Partnership to its creditors, including both secured and unsecured creditors, or to make due provision for payment thereof; (b) second, to provide for such reserves as the receiver considers reasonably necessary for any contingent or unforeseen liability or obligation of the Limited Partnership, which may be set aside or paid to an escrow agent to be held for payment of liabilities or obligations of the Limited Partnership; (c) third, to pay to the General Partner the amount of any costs and expenses that the General Partner is entitled to receive from the Limited Partnership; (d) fourth, to pay to the General Partner a five percent (5%) cumulative, but not compounded, rate of return on the amount of the capital One Hundred Dollars ($100.00) Contributed by the General Partner pursue pursuant to Section 3.1 (b3.2(a), minus any amounts previously paid to the General Partner under Section 4.1(a)(v4.1(a)(vi); and (e) fifth, to distribute the balance to the Limited Partner.