Common use of DISTRIBUTION UPON DISSOLUTION AND CAPITAL ACCOUNT ADJUSTMENTS Clause in Contracts

DISTRIBUTION UPON DISSOLUTION AND CAPITAL ACCOUNT ADJUSTMENTS. Upon dissolution of the Partnership without reconstitution as permitted by this Article 8, the Partnership's assets shall be sold or otherwise disposed of to third parties as directed by the Liquidator upon the reasonable Approval of the Partners, and, after paying or providing for liabilities owing to creditors (including Partners) and the establishment of such reserves as the Liquidator reasonably deems necessary for contingent or unforeseen liabilities or obligations of the Partnership for a period Approved by the Partners of up to eighteen (18) months after the liquidation has been completed, the remaining liquidation proceeds (and the reserves, after the expiration of a period of time deemed reasonable by the Liquidator for a period of up to eighteen (18) months after the liquidation has been completed) shall be distributed pursuant to Section 4.2.

DISTRIBUTION UPON DISSOLUTION AND CAPITAL ACCOUNT ADJUSTMENTS. Upon dissolution of the Partnership Company without reconstitution as permitted by this Article 8, the PartnershipCompany's assets shall be sold or otherwise disposed of to third parties as directed by the Liquidator upon the reasonable Approval of the PartnersMembers, and, after paying or providing for liabilities owing to creditors (including PartnersMembers) and the establishment of such reserves as the Liquidator reasonably deems necessary for contingent or unforeseen liabilities or obligations of the Partnership Company for a period Approved by the Partners Members of up to eighteen (18) months after the liquidation has been completed, the remaining liquidation proceeds (and the reserves, after the expiration of a period of time deemed reasonable by the Liquidator for a period of up to eighteen (18) months after the liquidation has been completed) shall be distributed pursuant to Section 4.2.

DISTRIBUTION UPON DISSOLUTION AND CAPITAL ACCOUNT ADJUSTMENTS. Upon dissolution of the Partnership without reconstitution as permitted by this Article 8, the Partnership's assets shall be sold or otherwise disposed of to third parties as directed by the Liquidator upon the reasonable Approval of the Partners(subject to Sections 5.10, 5.11 and 8.3.8), and, after paying or providing for liabilities owing to creditors (including Partners) and the establishment of such reserves as the Liquidator are reasonably deems necessary for foreseeable, contingent or unforeseen liabilities or obligations of the Partnership, the Investment Entities, or the Partners or their Affiliates with respect to Partnership or Investment Entity obligations for a period Approved by the Partners of up to eighteen twelve (1812) months after the liquidation has been completed, the remaining liquidation proceeds (and the reserves, after the expiration of a reasonable period of time deemed reasonable by the Liquidator for a period of up to eighteen twelve (1812) months after the liquidation has been completed) shall be distributed pursuant to Section 4.24.2 (subject to Section 8.3.8).

DISTRIBUTION UPON DISSOLUTION AND CAPITAL ACCOUNT ADJUSTMENTS. Upon dissolution of the Partnership without reconstitution as permitted by this Article 8, the Partnership's assets shall be sold or otherwise disposed of to third parties as directed by the Liquidator upon (unless the reasonable Approval Partners Approve a distribution of any Partnership asset or interests therein in-kind to the Partners), and, after paying or providing for liabilities owing to creditors (including Partners) and the establishment of such reserves as the Liquidator reasonably deems necessary for contingent or unforeseen liabilities or obligations of the Partnership for a period Approved by the Partners of up to eighteen (18) months after the liquidation has been completed, the remaining liquidation proceeds (and the reserves, after the expiration of a period of time deemed reasonable by the Liquidator for a period of up to eighteen (18) months after the liquidation has been completed) shall be distributed pursuant to Section 4.2.

DISTRIBUTION UPON DISSOLUTION AND CAPITAL ACCOUNT ADJUSTMENTS. Upon dissolution of the Partnership without reconstitution as permitted by this Article 8, the Partnership's assets shall be sold or otherwise disposed of to third parties as directed by the Liquidator upon the reasonable Approval of the Partners, and, after paying or providing for liabilities owing to creditors (including Partners) and the establishment of such reserves as the Liquidator reasonably deems necessary for contingent or unforeseen liabilities or obligations of the Partnership for a period Approved by the Partners of up to eighteen (18) months after the liquidation has been completed, the remaining liquidation proceeds (and the reserves, after the expiration of a period of time deemed reasonable by the Liquidator for a [41] 46 period of up to eighteen (18) months after the liquidation has been completed) shall be distributed pursuant to Section 4.2.

DISTRIBUTION UPON DISSOLUTION AND CAPITAL ACCOUNT ADJUSTMENTS. Upon dissolution of the Partnership Venture without reconstitution as permitted by this Article 8, the PartnershipVenture's assets shall be sold or otherwise disposed of to third parties as directed by the Liquidator upon the reasonable Approval of the PartnersVenturers, and, after paying or providing for liabilities owing to creditors (including PartnersVenturers) and the establishment of such reserves as the Liquidator reasonably deems necessary for contingent or unforeseen liabilities or obligations of the Partnership Venture for a period Approved by the Partners Venturers of up to eighteen (18) [40] 45 months after the liquidation has been completed, the remaining liquidation proceeds (and the reserves, after the expiration of a period of time deemed reasonable by the Liquidator for a period of up to eighteen (18) months after the liquidation has been completed) shall be distributed pursuant to Section 4.2.

DISTRIBUTION UPON DISSOLUTION AND CAPITAL ACCOUNT ADJUSTMENTS. Upon dissolution of the Partnership without reconstitution as permitted by this Article 8, the Partnership's assets shall be sold or otherwise disposed of to third parties as directed by the [41] 46 Liquidator upon the reasonable Approval of the Partners, and, after paying or providing for liabilities owing to creditors (including Partners) and the establishment of such reserves as the Liquidator reasonably deems necessary for contingent or unforeseen liabilities or obligations of the Partnership for a period Approved by the Partners of up to eighteen (18) months after the liquidation has been completed, the remaining liquidation proceeds (and the reserves, after the expiration of a period of time deemed reasonable by the Liquidator for a period of up to eighteen (18) months after the liquidation has been completed) shall be distributed pursuant to Section 4.2.