Common use of Period of Liquidation Clause in Contracts

Period of Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Partnership, so as to enable the General Partners or the liquidator to minimize the normal losses attendant upon liquidation.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Consolidated Capital Institutional Properties 2), Limited Partnership Agreement (Windsor Park Properties 7), Limited Partnership Agreement (Windsor Park Properties 5)

AutoNDA by SimpleDocs

Period of Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Partnership, Partnership and the discharge of liabilities to creditors so as to enable the General Partners or to preserve the liquidator value of the assets of the Partnership being liquidated and to minimize the normal losses attendant upon liquidationlosses.

Appears in 2 contracts

Samples: Partnership Agreement (Loews Mountainside Cinemas, Inc.), Partnership Agreement (LCE AcquisitionSub, Inc.)

Period of Liquidation. A reasonable time shall be allowed --------------------- for the orderly liquidation of the assets of the Partnership, Partnership and the discharge of liabilities to creditors so as to enable the General Partners or the liquidator to minimize the normal losses attendant upon liquidationlosses.

Appears in 1 contract

Samples: Limited Partnership Agreement (Reckson Associates Realty Corp)

AutoNDA by SimpleDocs

Period of Liquidation. A reasonable time shall be allowed for the orderly liquidation of the assets of the Partnership, so as to enable the General Partners Partner(s) or the liquidator to minimize the normal losses attendant upon liquidation.

Appears in 1 contract

Samples: Limited Partnership Agreement (Consolidated Capital Institutional Properties 3)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!