Distribution of Property. Unless the Partners otherwise agree, in the event it becomes necessary to make a Distribution of Partnership property in kind, then such property shall be transferred and conveyed to the Partners, or their assigns, so as to vest in each of them as a tenant-in-common, a percentage interest in the whole of said property equal to the percentage interest he would have received had such property not been distributed in kind.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Duke Realty Limited Partnership/), Limited Partnership Agreement (Duke Realty Limited Partnership/), Limited Partnership Agreement (Duke Realty Limited Partnership/)
Distribution of Property. Unless the Partners otherwise agree, in the event it becomes necessary to make a Distribution distribution of Partnership property in kind, then such property shall be transferred and conveyed to the Partners, or their assigns, so as to vest in each of them as a tenant-in-common, a percentage interest in the whole of said property equal to the percentage interest he such Partner would have received had such property not been distributed in kind.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Emmis Television License Corp of Topeka), Limited Partnership Agreement (Emmis Television License Corp of Topeka), Limited Partnership Agreement (Emmis Television License Corp of Topeka)
