Common use of Liquidation Procedures Clause in Contracts

Liquidation Procedures. 9.4.1 Upon dissolution of the Partnership the General Partner or, if there is no General Partner, such Person or Persons as the Limited Partner shall designate as liquidating trustees shall commence immediately to wind up the affairs of the Partnership. The General Partner or such liquidating trustees shall use their best judgment as to when to dispose of the Partnership's assets or to make distributions in-kind in order to maximize the return to the Partners from such assets.

Appears in 4 contracts

Samples: Agreement (Txi Transportation Co), Us Concrete Inc, Us Concrete Inc

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Liquidation Procedures. 9.4.1 Upon dissolution of the Partnership the General Partner or, if there is no General Partner, such Person or Persons as the Limited limited Partner shall designate as liquidating trustees shall commence immediately to wind up the affairs of the Partnership. The General Partner or such liquidating trustees shall use their best judgment as to when to dispose of the Partnership's ’s assets or to make distributions in-kind in order to maximize the return to the Partners from such assets.

Appears in 1 contract

Samples: Agreement (American Materials Transport, Inc.)

Liquidation Procedures. 9.4.1 10.4.1 Upon dissolution of the Partnership the General Partner or, if there is no General Partner, such Person or Persons as the Limited Partner shall designate as liquidating trustees shall commence immediately to wind up the affairs of the Partnership. The General Partner or such liquidating trustees shall use their best judgment as to when to dispose of the Partnership's ’s assets or to make distributions in-kind in order to maximize the return to the Partners from such assets.

Appears in 1 contract

Samples: Climacool Corp.

Liquidation Procedures. 9.4.1 (a) Upon dissolution of the Partnership the General Partner orPartner, or if there is no General Partner, such Person person or Persons persons as a Majority in Interest of the Limited Partner Partners shall designate as liquidating trustees shall commence immediately to wind up the affairs of the Partnership. The General Partner or such liquidating trustees shall use their best judgment as to when to dispose of the Partnership's assets or to make distributions in-in kind in order to maximize the return to the Partners from such assets.

Appears in 1 contract

Samples: Management Agreement (Value Partners LTD /Tx/)

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Liquidation Procedures. 9.4.1 Upon dissolution of the Partnership the General Partner or, if there is no General Partner, such Person or Persons as the Limited Partner shall designate as liquidating trustees shall commence immediately to wind up the affairs of the Partnership. The General Partner or such liquidating trustees shall use their best judgment as to when to dispose of the Partnership's ’s assets or to make distributions in-kind in order to maximize the return to the Partners from such assets.

Appears in 1 contract

Samples: American Materials Transport, Inc.

Liquidation Procedures. 9.4.1 Upon dissolution of the Partnership the General Partner or, if there is no General Partner, such Person or Persons as the Limited limited Partner shall designate as liquidating trustees shall commence immediately to wind up the affairs of the Partnership. The General Partner or such liquidating trustees shall use their best judgment as to when to dispose of the Partnership's assets or to make distributions in-kind in order to maximize the return to the Partners from such assets.

Appears in 1 contract

Samples: Txi Transportation Co

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