Common use of Reasonable Time for Winding Up Clause in Contracts

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Partnership or any Series and the liquidation of its assets pursuant to Section 10.2(b) in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Partnership or any Series (or any Partner’s interest in the Partnership or such Series) and related adjustments will be made by the end of the Taxable Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704-1(b)(2)(ii)(b).

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Partnership or any Series and the liquidation of its assets pursuant to Section 10.2(b) above in order to minimize any losses otherwise attendant upon such winding up. Distributions upon liquidation of the Partnership or any Series (or any Partner’s Unitholder's interest in the Partnership or such SeriesPartnership) and related adjustments will be made by the end of the Taxable Year of the liquidation (or, if later, within 90 days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Section 1.704-1(b)(2)(ii)(b).

Reasonable Time for Winding Up. A reasonable time will be allowed for the orderly winding up of the business and affairs of the Partnership or any and the Series and the liquidation of its the assets pursuant to Section 10.2(b11.2(b) in order to minimize any losses otherwise attendant upon such winding winding-up. Distributions upon liquidation of the Partnership or any Series (or any Limited Partner’s interest in the Partnership or such SeriesPartnership) and related adjustments will be made by the end of the Taxable Fiscal Year of the liquidation (or, if later, within 90 ninety (90) days after the date of such liquidation) or as otherwise permitted by Treasury Regulation Regulations Section 1.704-1(b)(2)(ii)(b).