Common use of Distribution of Property Clause in Contracts

Distribution of Property. In the event it becomes necessary in connection with the liquidation of the Partnership to make a distribution of property in kind, subject to the priority set forth in Section 13.02, the liquidator shall have the right to compel each Partner to accept a distribution of any asset in kind, so long as the portion of such asset to be distributed is determined based upon the amount of cash that would be distributed to such Partners if such property were sold for an amount of cash equal to the fair market value of such property, as determined by the liquidator in good faith.

Distribution of Property. In the event it becomes necessary in connection with the liquidation of the Partnership Company to make a distribution of property in Property in-kind, subject to the priority set forth in Section 13.0211.2, the liquidator Liquidator shall have the right to compel each Partner Member to accept a distribution of any asset in Property in-kind, so long as the portion of with such asset to be distributed is determined distribution being based upon the amount of cash that would be distributed to such Partners Members if such property Property were sold for an amount of cash equal to the fair market value Fair Market Value of such propertyProperty, as determined by the liquidator Liquidator in good faith.