Common use of Priority on Liquidation; Distributions Clause in Contracts

Priority on Liquidation; Distributions. The proceeds of liquidation shall be applied in the following order of priority: (a) to pay the costs and expenses of the dissolution and liquidation; (b) to pay matured debts and liabilities of the Investment Partnership to all creditors of the Investment Partnership (including any liability to any Partner); (c) to establish any reserves which the Liquidating Agent may deem necessary or advisable for any contingent or unmatured liability of the Investment Partnership to all Persons who are not Partners; (d) to establish any reserves which the Liquidating Agent may deem necessary or advisable for any contingent or unmatured liability of the Investment Partnership to Partners; and (e) the balance, if any, to the Partners in accordance with Section 8.1.

Priority on Liquidation; Distributions. The proceeds of liquidation shall be applied in the following order of priority: (a) to To pay the costs and expenses of the dissolution and liquidation; (b) to To pay matured debts and liabilities of the Investment Partnership to all creditors of the Investment Partnership (including including, without limitation, any liability to any Partner); (c) to To establish any reserves which the Liquidating Agent may deem necessary or advisable for any contingent or unmatured liability of the Investment Partnership to all Persons who are not Partners; (d) to To establish any reserves which the Liquidating Agent may deem necessary or advisable for any contingent or unmatured liability of the Investment Partnership to Partners; and (e) the The balance, if any, to the Partners in accordance with Section 8.15.10(f).

Priority on Liquidation; Distributions. The proceeds of liquidation shall be applied in the following order of priority: (a) to To pay the costs and expenses of the dissolution and liquidation; (b) to To pay matured debts and liabilities of the Investment Partnership LLC to all creditors of the Investment Partnership LLC (including including, without limitation, any liability to any PartnerMember); (c) to To establish any reserves which the Liquidating Agent may deem necessary or advisable for any contingent or unmatured liability of the Investment Partnership LLC potentially owing to all Persons who are not PartnersMembers; (d) to To establish any reserves which the Liquidating Agent may deem necessary or advisable for any contingent or unmatured liability of the Investment Partnership LLC potentially owing to Partnersthe Members; and (e) the The balance, if any, to the Partners Members in accordance with Section 8.15.1(a).

Priority on Liquidation; Distributions. The proceeds of liquidation shall be applied in the following order of priority: (a) to To pay the costs and expenses of the dissolution and liquidation; (b) to To pay matured debts and liabilities of the Investment Partnership to all creditors of the Investment Partnership (including including, without limitation, any liability to any Partner); (c) to To establish any reserves which the Liquidating Agent may deem necessary or advisable for any contingent or unmatured liability of the Investment Partnership potentially owing to all Persons who are not Partners; (d) to To establish any reserves which the Liquidating Agent may deem necessary or advisable for any contingent or unmatured liability of the Investment Partnership potentially owing to the Partners; and (e) the The balance, if any, to the Partners in accordance with Section 8.15.1(a).