Common use of DURATION OF LIQUIDATION Clause in Contracts

DURATION OF LIQUIDATION. A reasonable time shall be allowed for the winding up of the affairs of the Company in order to minimize any losses otherwise attendant upon such a winding up. The liquidator shall use reasonable efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704- 1(b)(2)(ii)(g), but will not be bound to do so or liable in any way to any Member for failure to do so.

DURATION OF LIQUIDATION. A reasonable time shall be allowed for the winding up of the affairs of the Company Partnership in order to minimize any losses that might otherwise attendant upon such a winding upresult. The liquidator shall use commercially reasonable efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Regulation Section 1.704- 1. 704-1(b)(2)(ii)(g), but will not be bound to do so or liable in any way to any Member for failure to do so.

DURATION OF LIQUIDATION. (a) A reasonable time shall be allowed for the winding up of the affairs of the Company Partnership in order to minimize any losses otherwise attendant upon such a winding up. . (b) The liquidator liquidator(s) shall use their reasonable efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704- 1.704-1(b)(2)(ii)(g), but will not be bound to do so or liable in any way to any Member Partner for failure to do so.

DURATION OF LIQUIDATION. A reasonable time shall be allowed for ----------------------- the winding up of the affairs of the Company Partnership in order to minimize any losses otherwise attendant upon such a winding up. The liquidator , provided that the liquidator(s) shall use reasonable their best efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704- 1(b)(2)(ii)(g1.704-l(b)(2)(ii)(g), but will not be bound to do so or liable in any way to any Member for failure to do so.. -

DURATION OF LIQUIDATION. A reasonable time shall be allowed for the winding up of the affairs of the Company Partnership, in order to minimize any losses otherwise attendant upon such a winding up. The liquidator liquidator(s) shall use their reasonable best efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704- section 1.704-1(b)(2)(ii)(g), but will not be bound to do so so, or liable in any way to any Member Partner for failure to do so.

DURATION OF LIQUIDATION. (a) A reasonable time shall be allowed for the winding up of the affairs of the Company Partnership in order to minimize any losses otherwise attendant upon such a winding up. . (b) The liquidator liquidator(s) shall use their reasonable efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704- 1(b)(2)(ii)(g1.7041 (b)(2)(ii)(g), but will not be bound to do so or liable in any way to any Member Partner for failure to do so.