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 Partnership in order to minimize any losses otherwise attendant upon such a winding up, provided that the liquidator(s) shall use their best efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704-l(b)(2)(ii)(g). -

DURATION OF LIQUIDATION. A reasonable time shall be allowed for ----------------------- the winding up of the affairs of the Partnership in order to minimize any losses that might otherwise attendant upon such a winding up, provided that the liquidator(s) result. The liquidator shall use their best commercially reasonable efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704-l(b)(2)(ii)(g). -Regulation

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

DURATION OF LIQUIDATION. A reasonable time shall be allowed for ----------------------- the winding up of the affairs of the Partnership Company in order to minimize any losses otherwise attendant upon such a winding up, provided that the liquidator(s) . The liquidator shall use their best reasonable efforts to carry out the liquidation in conformity with the timing requirements of Treasury Regulation Section 1.704-l(b)(2)(ii)(g1.704- 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.