Common use of Liquidating Distribution Clause in Contracts

Liquidating Distribution. In the event of the dissolution of the Partnership for any reason, the Partnership assets shall be liquidated for distribution in the following rank and order: (a) first, to the payment and discharge of all the Partnership’s debts and liabilities (including liquidating expenses) in the order of priority as provided by law; (b) second, to the establishment of any necessary reserves to provide for contingent liabilities, if any; (c) third, to the Partners in proportion to and to the extent of their respective positive Capital Accounts, after giving effect to all contributions, distributions and allocations for all periods, including the period during which such distributions occur; (d) the balance, if any, to the Partners in accordance with their Percentage Interests.

Liquidating Distribution. In the event of the dissolution of the Partnership for any reason, the Partnership assets shall be liquidated for distribution in the following rank and order: (a) first, to the payment and discharge of all the Partnership’s Partnership s debts and liabilities (including liquidating expenses) in the order of priority as provided by law; (b) second, to the establishment of any necessary reserves to provide for contingent liabilities, if any; (c) third, to the Partners in proportion to and to the extent of their respective positive Capital Accounts, after giving effect to all contributions, distributions and allocations for all periods, including the period during which such distributions occur; (d) the balance, if any, to the Partners in accordance with their Percentage Interests.

Liquidating Distribution. In the event of the dissolution of the Partnership for any reason, the assets of the Partnership assets shall be liquidated for distribution in the following rank and order: (a) first, to the payment and discharge of all the Partnership’s Partnership debts and liabilities (including liquidating expenses) in the order of priority as provided by law; (b) second, to the establishment of any necessary reserves to provide for contingent liabilitiesliabilities of the Partnership, if any;; and (c) thirdthe balance, if any, to the Partners Partnership in proportion to and to the extent of accordance with their respective positive Capital Accounts, after giving effect to all contributions, distributions and allocations for all periods, periods including the period during which such distributions occur; (d) the balance, if any, to the Partners in accordance with their Percentage Interests.

Liquidating Distribution. In the event of the dissolution of the Partnership for any reason, the Partnership assets shall be liquidated for distribution in the following rank and order:: - (a) first, to the payment and discharge of all the Partnership’s debts and liabilities (including liquidating expenses) in the order of priority as provided by law; (b) second, to the establishment of any necessary reserves to provide for contingent liabilities, if any; (c) third, to the Partners in proportion to and to the extent of their respective positive Capital Accounts, after giving effect to all contributions, distributions and allocations for all periods, including the period during which such distributions occur; (d) the balance, if any, to the Partners in accordance with their Percentage Interests.

Liquidating Distribution. In the event of the dissolution of the Partnership for any reason, the Partnership assets shall be liquidated for distribution in the following rank and orderorder : (a) first, to the payment and discharge of all the Partnership’s debts and liabilities (including liquidating expenses) in the order of priority as provided by law; (b) second, to the establishment of any necessary reserves to provide for contingent liabilities, if any; (c) third, to the Partners in proportion to and to the extent of their respective positive Capital Accounts, after giving effect to all contributions, distributions and allocations for all periods, including the period during which such distributions occur; (d) the balance, if any, to the Partners in accordance with their Percentage Interests.