Distributions Upon Liquidation. (a) Upon liquidation of the Partnership, after payment of, or adequate provision for, debts and obligations of the Partnership, including any Partner loans, any remaining assets of the Partnership shall be distributed to all Partners with positive Capital Accounts in accordance with their respective positive Capital Account balances.
Appears in 89 contracts
Samples: Original Agreement (Agree Realty Corp), Agreement (Alpine Income Property Trust, Inc.), Limited Partnership Agreement (Generation Income Properties, Inc.)
Distributions Upon Liquidation. (a) Upon liquidation of the Partnership, after payment of, or adequate provision for, the satisfaction of all the debts and obligations of the Partnership, including any Partner loansto the extent permitted by law, whether by payment or the making of reasonable provision for payment thereof, any remaining assets of the Partnership shall be distributed distributed, subject to Section 5.07(b), to all Partners (including the Special Limited Partner) with positive Capital Accounts in accordance with their respective positive Capital Account balancesAccounts.
Appears in 5 contracts
Samples: Original Agreement (Global Net Lease, Inc.), Recitals (American Realty Capital Trust V, Inc.), American Finance Trust, Inc
Distributions Upon Liquidation. (a) Upon liquidation of the Partnership, after payment of, or adequate provision for, the satisfaction of all the debts and obligations of the Partnership, including any Partner loansto the extent permitted by law, whether by payment or the making of reasonable provision for payment thereof, any remaining assets of the Partnership shall be distributed to all Partners with positive Capital Accounts pro rata in accordance with their respective positive Capital Account balances.
Appears in 3 contracts
Samples: And Restated Agreement (American Realty Capital Trust, Inc.), Agreement (American Realty Capital Properties, Inc.), Agreement (American Realty Capital Properties, Inc.)
Distributions Upon Liquidation. (a) Upon liquidation of the PartnershipCompany, after payment of, or adequate provision for, debts and obligations of the PartnershipCompany, including any Partner Member loans, any remaining assets of the Partnership Company shall be distributed to all Partners Members with positive Capital Accounts in accordance with their respective positive Capital Account balances.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Ellington Financial Inc.), Limited Liability Company Operating Agreement (Arbor Realty Trust Inc), Limited Liability Company Operating Agreement (Ellington Financial LLC)
Distributions Upon Liquidation. (a) Upon Subject to Section 6.05 hereof, upon liquidation of the Partnership, after payment of, or adequate provision for, debts and obligations of the Partnership, including any Partner loans, any remaining assets of the Partnership shall be distributed to all Partners with positive Capital Accounts in accordance with their respective positive Capital Account balances.
Appears in 1 contract
Distributions Upon Liquidation. (a) Upon liquidation of the Partnership, after payment of, or adequate provision for, the satisfaction of all the debts and obligations of the Partnership, including any Partner loansto the extent permitted by law, whether by payment or the making of reasonable provision for payment thereof, any remaining assets of the Partnership shall be distributed to all Partners with positive Capital Accounts in accordance with their respective positive Capital Account balancesAccounts.
Appears in 1 contract
Samples: Ventas Inc
Distributions Upon Liquidation. (a) Upon liquidation of the Partnership, after payment of, or adequate provision for, debts and obligations of the Partnership, including any Partner loans, any remaining assets of the Partnership shall be distributed to all Partners with positive Capital Accounts in accordance with their respective positive Capital Account balancesthe provisions of Section 5.2.
Appears in 1 contract
Samples: Strawberry Fields REIT, Inc.
Distributions Upon Liquidation. (a) Upon liquidation of the Partnership, after payment of, or adequate provision for, debts and obligations of the Partnership, including any Partner loans, any remaining assets of the Partnership shall be distributed to all Partners with positive Capital Accounts in accordance with their respective positive Capital Account balances; provided, that liquidating distributions shall be made in the same manner as distributions under Section 5.02 if such distributions would result in the Partners receiving an amount different from the amount the Partners would have received pursuant to a liquidating distribution based on Capital Account balances.
Appears in 1 contract
Samples: Ellington Residential Mortgage REIT
Distributions Upon Liquidation. (a) Upon liquidation any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Partnership, after payment of, or adequate provision for, debts and obligations of the Partnership, including any Partner loans, and subject to the terms of any Partnership Unit Designation (including, without limitation, the Partnership Unit Designation for the 5% Series A Preferred Units attached hereto as Annex A), any remaining assets of the Partnership shall be distributed to all Partners with positive Capital Accounts in accordance with their respective positive Capital Account balances.
Appears in 1 contract
Distributions Upon Liquidation. (a) Upon liquidation of the Partnership, after payment of, or adequate provision for, debts and obligations of the Partnership, including any Partner loans, any remaining assets of the Partnership shall be distributed to all Partners with positive Capital Accounts in accordance with their respective positive Capital Account balances.. CH\2141662.3
Appears in 1 contract
Samples: Xenia Hotels & Resorts, Inc.
