Common use of Distributions on Dissolution and Termination of the Partnership Clause in Contracts

Distributions on Dissolution and Termination of the Partnership. Cash or property of the Partnership available for distribution incident to the dissolution and termination of the Partnership, as provided for in Section 6, shall be distributed to the Partners in accordance with their respective positive Capital Account balances, determined after allocation of Profits and Losses, including allocations pursuant to Section 3.3(d). Without limiting the effect of the foregoing sentence, the Partners intend that cash or property of the Partnership available for distribution incident to the dissolution and termination of the Partnership will be distributed to the Partners in proportion to their Capital Contributions until the Partners have received distributions equal to their respective Capital Contributions and thereafter to the Partners in accordance with their Partnership Interests.

Distributions on Dissolution and Termination of the Partnership. Cash or property of the Partnership available for distribution incident to the dissolution and termination of the Partnership, as provided for in Section 6, shall be distributed to the Partners in accordance with their respective positive Capital Account balances, determined after allocation of Profits and Losses, including allocations pursuant to Section 3.3(d). Without limiting the effect of the foregoing sentence, the Partners intend that cash or property of the Partnership available for distribution incident to the dissolution and termination of the Partnership will be distributed to the Partners in proportion to their Capital Contributions until the Partners have received distributions equal to their respective Capital Contributions and thereafter to the Partners in accordance with their Partnership Interests.. 6 3.3