Common use of LIQUIDATION AND DISTRIBUTION Clause in Contracts

LIQUIDATION AND DISTRIBUTION. The person or persons responsible for winding up the affairs of the Partnership shall take full account of the Partnership assets and liabilities, shall liquidate the assets of the Partnership as promptly as is consistent with obtaining the fair value thereof, and shall apply and distribute the proceeds in the following order:

Appears in 8 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

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LIQUIDATION AND DISTRIBUTION. The person or persons responsible for winding up the affairs of the Partnership pursuant to Section 6.6 shall take full account of the Partnership assets and liabilities, shall liquidate the assets of the Partnership as promptly as is consistent with obtaining the fair value thereof, and shall apply and distribute the proceeds in the following order:

Appears in 1 contract

Samples: General Partnership Agreement (Solar Power, Inc.)

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LIQUIDATION AND DISTRIBUTION. The person or persons Each Person responsible for winding up the affairs of the Partnership shall pursuant to Section 11.06 will take full account of the Partnership assets and liabilities, shall liquidate liquidating the assets of the Partnership as promptly as is consistent with obtaining the fair value thereofof those assets, and shall apply applying and distribute distributing the proceeds in the following order:

Appears in 1 contract

Samples: Limited Partnership Agreement (Netreit, Inc.)

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