Common use of Distribution of Sale Proceeds Clause in Contracts

Distribution of Sale Proceeds. A. Sale Proceeds from the sale or other disposition of less than substantially all of the assets of the Partnership shall, unless the General Partner, in its reasonable discretion, shall determine to retain any such amounts in the Partnership in accordance with Section 5.08, be distributed, as soon as is reasonably practicable after the transaction occurs, as follows:

Appears in 2 contracts

Samples: Fairfield Inn by Marriott LTD Partnership, Fairfield Inn by Marriott LTD Partnership

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Distribution of Sale Proceeds. A. Sale Proceeds from the sale or other disposition of less than substantially all of the assets of the Partnership shall, unless the General Partner, in its reasonable discretion, shall determine to retain any such amounts in the Partnership in accordance with Section 5.08Partnership, be distributed, distributed as soon as is reasonably practicable after the transaction occurs, occurs as follows:

Appears in 1 contract

Samples: Marriott Diversified American Hotels L P

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Distribution of Sale Proceeds. A. Sale Proceeds from the sale or other disposition of less than substantially all of the assets of the Partnership shall, unless the General Partner, in its reasonable discretion, shall determine to retain any such amounts in the Partnership in accordance with Section 5.08Partnership, be distributed, as soon as is reasonably practicable after the transaction occurs, distributed as follows:

Appears in 1 contract

Samples: Marriott Hotel Properties Ii Limited Partnership

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