Liquidation Procedure. A reasonable time shall be allowed for the orderly liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Partnership to minimize the losses normally attendant to a liquidation.
Appears in 3 contracts
Samples: Agreement of Limited Partnership, Agreement of Limited Partnership, Agreement of Limited Partnership
Liquidation Procedure. (a) A reasonable time shall be allowed for the orderly liquidation of the assets of the Partnership Company and the discharge of liabilities to creditors so as to enable the Partnership Company to minimize the losses normally attendant to a liquidation.
Appears in 1 contract
Samples: Operating Agreement (Wolverine Energy 1997-1998 Development Program)
