Liquidation   Liquidation Sample Clauses

Liquidation   Liquidation. Deferred Exchange Steps: Preference Preference New Series G Drawdown Used to Purchase Preferred 2.0 2.0 2.0 Full $2.0 billion drawn—enough for Purchase Price Net Offering Proceeds Used to Purchase Preferred 0.0 - 2.0 Purchase Price satisfied by Series G drawdown Preferred Transferred to UST 2.0 (2.0) 0.0 Full $2.0 billion liquidation preference paid off with SPV Preferred Additional Payment to UST to Redeem Series G: 0.0 - 0.0 Series G already paid off—no additional payment Results: Before After FRBNY SPV Payoff Amount 2.5 0.5 Old FRBNY SPV Payoff Amount less Purchase Price Net Offering Proceeds Available to AIG 2.2 2.2 Did not need actual Net Offering Proceeds to satisfy Purchase Price General Corporate Purposes Available Amount 2.0 0.0 Full $2.0 billion has been used—no additional availability Preferred Units Exchange Available Amount 2.0 0.0 Full $2.0 billion has been used—no additional availability

Liquidation   Liquidation. Deferred Exchange Steps: Preference Preference New Series G Drawdown Used to Purchase Preferred 1.7 1.7 1.7 Full $1.7 billion drawn—enough for Purchase Price Net Offering Proceeds Used to Purchase Preferred n/a - 1.7 Purchase Price satisfied by Series G drawdown Preferred Transferred to UST 1.7 (1.7) 0.0 Full $1.7 billion liquidation preference paid off with SPV Preferred Additional Payment to UST to Redeem Series G: 0.0 - n/a Series G already paid off—no additional payment Results: Before After FRBNY SPV Payoff Amount 1.7 0.0 FRBNY fully taken out Net Offering Proceeds Available to AIG n/a n/a No Equity Offering in this example General Corporate Purposes Available Amount 2.0 n/a Series G Draw Down Right expires on Conversion Date Preferred Units Exchange Available Amount 2.0 n/a No more SPV Preferred to purchase from FRBNY FRBNY SPV Payoff Amount 1.7 Net Offering Proceeds n/a Prior Draws on Series G 1.0

Liquidation   Liquidation. Deferred Exchange Steps: Preference Preference

Liquidation   Liquidation. A. Upon dissolution of the Partnership and the failure to reconstitute the Partnership as provided in Section 6.05B, the General Partner (or if the dissolution is caused by the withdrawal, retirement, bankruptcy, dissolution, or removal of the General Partner, then the Person designated as "liquidating trustee" by the Consent of the Limited Partners, which "liquidating trustee" shall have all of the powers of the General Partner under this Agreement for purposes of liquidating and winding up the affairs of the Partnership) (the term "General Partner" as used in this Section 8.02 shall be deemed to mean the "liquidating trustee" where appropriate) shall liquidate the assets of the Partnership and the proceeds of such liquidation shall be applied and distributed in the following order of priority: