Common use of No Distributions in Kind Clause in Contracts

No Distributions in Kind. Distributions in kind shall not be permitted, except on dissolution and liquidation of the Partnership’s assets, and then only to a liquidating trust established for the purposes of liquidating the assets transferred to it and distributing the net cash proceeds of the liquidation in cash to the Partners in accordance with this Agreement. The assets of the trust shall be distributed to the General Partner and the Limited Partners, from time to time, in the reasonable discretion of the General Partner in the same proportions as the assets transferred to the trust by the Partnership would otherwise have been distributed to the General Partner and the Limited Partners under this Agreement.

No Distributions in Kind. Distributions in kind shall not be permitted, permitted except on upon dissolution and liquidation of the Partnership’s assets, 's assets and may only then only be made to a liquidating trust established for the purposes of (a) liquidating the assets transferred to it and (b) distributing the net cash proceeds of the such liquidation in cash to the Partners in accordance with this Agreement. The assets the provisions of the trust shall be distributed to the General Partner and the Limited Partners, from time to time, in the reasonable discretion of the General Partner in the same proportions as the assets transferred to the trust by the Partnership would otherwise have been distributed to the General Partner and the Limited Partners under this Agreement.

No Distributions in Kind. Distributions in kind shall not be permitted, permitted except on dissolution and liquidation of the Partnership’s assets, assets and then only to a liquidating trust established for the purposes purpose of liquidating the assets transferred to it and distributing the net cash proceeds of the liquidation in cash to the Partners in accordance with this Agreement. The assets the provisions of the trust shall be distributed to the General Partner and the Limited Partners, from time to time, in the reasonable discretion of the General Partner in the same proportions as the assets transferred to the trust by the Partnership would otherwise have been distributed to the General Partner and the Limited Partners under this Agreement.

No Distributions in Kind. Distributions in kind shall not be permitted, permitted except on upon dissolution and liquidation of the Partnership’s assets, 's assets and then only to a liquidating trust established for the purposes purpose of liquidating the assets transferred to it and distributing the net cash proceeds of the such liquidation in cash to the Partners in accordance with this Agreement. The assets the provisions of the trust shall be distributed to the General Partner and the Limited Partners, from time to time, in the reasonable discretion of the General Partner in the same proportions as the assets transferred to the trust by the Partnership would otherwise have been distributed to the General Partner and the Limited Partners under this Agreement.