Common use of Liquidation of Interests of Partners Clause in Contracts

Liquidation of Interests of Partners. On the occurrence of a Terminating Event, no further Business is to be conducted except for such action as necessary for completing a transaction unfinished at the time of termination, winding-up of the affairs of the Limited Partnership and the distribution of the Limited Partnership Assets amongst the Partners in proportion to their Partnership Interests.

Liquidation of Interests of Partners. On the occurrence of a Terminating Event, no further Business is to be conducted except for such action as is necessary for completing a transaction unfinished at the time of termination, winding-winding- up of the affairs of the Limited Partnership Partnership, distribution in accordance with clause 7 and notifying the distribution Registrar of the Limited Partnership Assets amongst the Partners in proportion to their Partnership Intereststermination.

Liquidation of Interests of Partners. On the occurrence of a Terminating Event, no further Business is business activities are to be conducted except for such action as necessary for completing a transaction unfinished at the time of termination, winding-up of the affairs of the Limited Partnership and the distribution of the Limited Partnership Assets amongst the Partners in proportion to their Partnership Interestsaccordance with clause 10.

Liquidation of Interests of Partners. On the occurrence of a Terminating Event, no further Business is business activities are to be conducted except for such action as necessary for completing a transaction unfinished at the time of termination, winding-up of the affairs of the Limited Partnership and the distribution of the Limited Partnership Assets Property amongst the Partners in proportion to their Partnership Interestsaccordance with clause 10.