Distribution of Property. In the event the General Partner determines that it is necessary in connection with the winding up of the Partnership to make a distribution of property in kind, such property shall be transferred and conveyed to the Partners so as to vest in each of them as a tenant in common an undivided interest in the whole of such property, but otherwise in accordance with Section 12.3.
Appears in 23 contracts
Samples: Limited Partnership Agreement (Hess Midstream Partners LP), Limited Partnership Agreement (Hess Midstream Partners LP), Limited Partnership Agreement (Hess Midstream Partners LP)
Distribution of Property. In the event the General Partner determines that it is necessary in connection with the winding up of the Partnership to make a distribution of property in kind, such property shall be transferred and conveyed to the Partners so as to vest in each of them as a tenant in common an undivided interest in the whole of such property, but otherwise in accordance with Section 12.312.03.
Appears in 4 contracts
Samples: Agreement of Limited Partnership (Midcoast Energy Partners, L.P.), Agreement of Limited Partnership (Midcoast Energy Partners, L.P.), Agreement of Limited Partnership (MPLX Lp)
Distribution of Property. In the event the General Partner determines that it is necessary in connection with the winding up of the Partnership to make a distribution of property in kind, such property shall be transferred and conveyed to the Partners so as to vest in each of them as a tenant in common an undivided interest in the whole of such property, but otherwise in accordance with Section 12.312.
Appears in 3 contracts
Samples: Limited Partnership Agreement (CONE Midstream Partners LP), Limited Partnership Agreement (CONE Midstream Partners LP), Limited Partnership Agreement (CONE Midstream Partners LP)
Distribution of Property. In Subject to Sections 6.3 and 8.2, in the event the General Partner determines that it is necessary in connection with the winding up of the Partnership to make a distribution of property in kind, such property shall be transferred and conveyed to the Partners so as to vest in each of them as a tenant in common an undivided interest in the whole of such property, but otherwise in accordance with Section 12.3.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Howard Midstream Partners, LP), Limited Partnership Agreement (Howard Midstream Partners, LP)
