Common use of Sale of Assets to Third Party Clause in Contracts

Sale of Assets to Third Party. A. In the event the Partnership shall sell or otherwise dispose of, at one time, all, or substantially all, of its assets (a "Sale") to any one Person or to any one Person and its Affiliates and the Partnership is thereafter liquidated within 180 days, then the provisions of Section 8.3 and this Section 8.4 shall be applicable with respect to the order of priority of distribution of the Proceeds of Liquidation.

Appears in 9 contracts

Samples: Article Five (Jones Financial Cos Lp), Jones Financial Companies Lp LLP, Jones Financial Companies Lp LLP

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Sale of Assets to Third Party. A. In the event the Partnership shall sell or otherwise dispose of, at one time, all, or substantially all, of its assets (a "β€œSale"”) to any one Person or to any one Person and its Affiliates and the Partnership is thereafter liquidated within 180 days, then the provisions of Section 8.3 and this Section 8.4 shall be applicable with respect to the order of priority of distribution of the Proceeds of Liquidation.

Appears in 5 contracts

Samples: Jones Financial Companies LLLP, Jones Financial Companies LLLP, Jones Financial Companies LLLP

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