Section 708 Termination. Notwithstanding any other provision of this Article XIII in the event that the Partnership is liquidated within the meaning of Section 1.704-1(b)(2)(ii)(g) of the Regulations but no liquidating event has occurred, the Assets shall not be liquidated, the Partnership’s liabilities shall not be paid or discharged, and the Partnership’s affairs shall not be wound up.
Appears in 3 contracts
Samples: Agreement of Limited Partnership (LyondellBasell F&F Holdco, LLC), Limited Partnership Agreement (Lyondell Refining LP, LLC), Agreement of Limited Partnership (Lyondell Refining LP, LLC)
Section 708 Termination. Notwithstanding any other provision of this Article XIII XII, in the event that the Partnership is liquidated within the meaning of Section 1.704-1(b)(2)(ii)(g) of the Regulations Treasury Regulations, but no liquidating event Dissolution Event has occurred, the Assets assets of the Partnership shall not be liquidated, the Partnership’s 's liabilities shall not be paid or discharged, and the Partnership’s 's affairs shall not be wound up.
Appears in 2 contracts
Samples: Partnership Agreement (Imc Global Inc), Partnership Agreement (Freeport McMoran Resource Partners Limited Partnership)
Section 708 Termination. Notwithstanding any other provision of this Article XIII in the event that the Partnership is liquidated within the meaning of Section 1.704Section
1. 704-1(b)(2)(ii)(g) of the Regulations but no liquidating event has occurred, the Assets shall not be liquidated, the Partnership’s 's liabilities shall not be paid or discharged, and the Partnership’s 's affairs shall not be wound up.
Appears in 1 contract
Samples: Limited Partnership Agreement (Lyondell Chemical Nederland LTD)
Section 708 Termination. Notwithstanding any other provision of this Article XIII in the event that the Partnership is liquidated within the meaning of Section 1.704-1(b)(2)(ii)(g) of the Regulations but no liquidating event has occurred, the Assets shall not be liquidated, the Partnership’s liabilities shall not be paid or discharged, and the Partnership’s affairs shall not be wound up.. [WP: JGC/ACT, L.P. L. PARTNERSHIP] 1-DEC-91
Appears in 1 contract
Samples: Agreement of Limited Partnership (LyondellBasell F&F Holdco, LLC)
