Common use of Liquidation Distribution Upon Dissolution Clause in Contracts

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidation, dissolution, winding-up or termination of the Partnership, the Holders of Partnership Preferred Securities at the time outstanding will be entitled to receive out of the assets of the Partnership such amount as is determined in accordance with Section 13.4 (the "Partnership Liquidation Distribution") payable in cash.

Appears in 14 contracts

Samples: Agreement (Capita Preferred Trust), Agreement (Merrill Lynch Preferred Funding I Lp), Merrill Lynch Preferred Capital Trust Iv

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Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidation, dissolution, winding-up or termination dissolution of the Partnership, the Holders of Partnership Preferred Securities at the time outstanding will be entitled to receive out of the assets of the Partnership such amount as is determined in accordance with Section 13.4 (the "Partnership Liquidation Distribution") payable in cash.

Appears in 2 contracts

Samples: Txu Europe Funding I L P, Texas Utilities Co /Tx/

Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidation, dissolution, winding-up or termination of the Partnership, the Holders of Partnership Preferred Securities at the time outstanding will be entitled to receive out of the assets of the Partnership such amount as is determined in accordance with Section 13.4 (the "Partnership Liquidation DistributionPARTNERSHIP LIQUIDATION DISTRIBUTION") payable in cash.

Appears in 1 contract

Samples: Hei Preferred Funding L P

Liquidation Distribution Upon Dissolution. In the event of any ----------------------------------------- voluntary or involuntary liquidation, dissolution, winding-up or termination of the Partnership, the Holders holders of Partnership Preferred Securities at the time outstanding will be entitled to receive out of the assets of the Partnership such amount as is determined in accordance with Section 13.4 (the "Partnership Liquidation DistributionPARTNERSHIP LIQUIDATION DISTRIBUTION") payable in cash.

Appears in 1 contract

Samples: Hawaiian Electric Industries Inc

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Liquidation Distribution Upon Dissolution. In the event of any voluntary or involuntary liquidation, dissolution, winding-up or termination of the Partnership, the Holders of Preferred Partnership Preferred Securities at the time outstanding will be entitled to receive out of the assets of the Partnership such amount as is determined in accordance with Section 13.4 (the "Partnership Liquidation Distribution") payable in cash.

Appears in 1 contract

Samples: Txu Europe Funding I L P

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