Distributions in Kind. Partnership property distributed in kind shall be transferred and conveyed to the distributees as tenants in common subject to any liabilities attached thereto so as to vest in them undivided interests in the whole of such property in proportion to their respective rights to share in the proceeds of the sale of such property in accordance with this Article IX.
Appears in 22 contracts
Samples: Limited Partnership Agreement (CBL/Regency I, LLC), Limited Partnership Agreement (CBL/Regency I, LLC), Limited Partnership Agreement (CBL/Regency I, LLC)
Distributions in Kind. Partnership Company property distributed in kind shall be transferred and conveyed to the distributees as tenants in common subject to any liabilities attached thereto so as to vest in them undivided interests in the whole of such property in proportion to their respective rights to share in the proceeds of the sale of such property in accordance with this Article IXArticle.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (RJR Packaging, LLC), Operating Agreement (Jack Miller Family Limited Partnership 1), Operating Agreement (Tekoil & Gas Corp)
Distributions in Kind. In the event that it becomes necessary to make a distribution of Partnership property distributed in kind shall be transferred kind, the General partner may Transfer and conveyed convey such property to the distributees as tenants in common common, subject to any liabilities attached thereto thereto, so as to vest in them undivided interests in the whole of such property in proportion to their respective rights to share in the proceeds of the sale of such property (other than as a creditor) in accordance with this Article IXthe provisions of Section 8.2 hereof.
Appears in 2 contracts
Samples: Limited Partnership Agreement (CBL & Associates Properties Inc), Limited Partnership Agreement (CBL & Associates Properties Inc)
Distributions in Kind. Partnership Company property distributed in kind shall be transferred and conveyed to the distributees as tenants in common subject to any liabilities attached thereto so as to vest in them undivided interests in the whole of such property in proportion to their respective rights to share in the proceeds of the sale of such property in accordance with this Article IXXI.
Appears in 1 contract
Samples: Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)
Distributions in Kind. Partnership property distributed in kind shall be transferred and conveyed to the distributees as tenants in common subject to any liabilities attached thereto so as to vest in them undivided interests in the whole of such property in proportion to their respective rights to share in the proceeds of the sale of such property in accordance with this Article IXXI.
Appears in 1 contract
Samples: Agreement of Limited Partnership (CBL/Regency I, LLC)
Distributions in Kind. Partnership Company property distributed in kind shall be transferred and conveyed to the distributees as tenants in common subject to any liabilities attached thereto so as to vest in them undivided interests in the whole of such property in proportion to their respective rights to share in the proceeds of the sale of such property in accordance with this Article IXXl.
Appears in 1 contract
Samples: Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)
