Common use of Partners Clause in Contracts

Partners. If, at any time, the Partnership consists of less than two (2) Partners. In the event of such dissolution of the Partnership, each Partner will share equally in any remaining assets or liabilities of the Partnership in accordance with their respective ownership interest, less any debts or capital contributions that must be distributed first.

Appears in 37 contracts

Samples: North Carolina Partnership Agreement, Pennsylvania Partnership Agreement, Vermont Partnership Agreement

AutoNDA by SimpleDocs

Partners. If, at any time, the Partnership consists of less than two (2) Partners. In the event of such dissolution of the Partnership, each Partner will share equally in any remaining assets or liabilities of the Partnership in accordance with their respective ownership interest, less any debts or capital contributions that must be distributed first. 7.

Appears in 14 contracts

Samples: Partnership Agreement, Partnership Agreement, Partnership Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.