Common use of Termination of Limited Partnership Clause in Contracts

Termination of Limited Partnership. The Limited Partnership will terminate when all of its assets have been sold and the net proceeds therefrom, after payment of or due provision for the payment of all debts, liabilities and obligations of the Limited Partnership to creditors, have been distributed as provided in this Article VII.

Appears in 9 contracts

Samples: cdn.cocodoc.com, Agreement, Agreement

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Termination of Limited Partnership. The Limited Partnership will terminate when all of its assets have been sold and the net proceeds therefrom, after payment of or due provision for the payment of all debts, liabilities and obligations of the Limited Partnership to creditors, have been distributed as provided in this Article VIIXI.

Appears in 3 contracts

Samples: Master Limited Partnership Agreement, Master Limited Partnership Agreement, Master Limited Partnership Agreement

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