Common use of Distribution upon Dissolution Clause in Contracts

Distribution upon Dissolution. Upon the dissolution and termination of the Partnership, the General Partner or, if there is none, a representative of the Limited Partners, shall cause the cancellation of the Partnership's Certificate of Limited Partnership, shall liquidate the assets of the Partnership, and shall apply and distribute the proceeds of such liquidation in the following order of priority:

Distribution upon Dissolution. Upon the dissolution and termination of the Partnership, the General Partner orPartner, or if there is none, a representative of the Limited Partners, shall will cause the cancellation of the Partnership's Certificate of Limited Partnership, shall liquidate the assets of the Partnership, and shall apply and distribute the proceeds of such liquidation in the following order of priority: