Common use of Termination of Partnership Clause in Contracts

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI hereof, and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPX.

Appears in 1 contract

Samples: Oppenheimer Capital L P /De/

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Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for the payment of all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI Sections 6.6 and 11.5 hereof, and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPXVirginia RULPA.

Appears in 1 contract

Samples: Eldertrust

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI hereofSection 5.03 and 13.05, and the Certificate of Limited Partnership shall have been canceled cancelled in the manner required by the Delaware RULPX.Act. ARTICLE XIV

Appears in 1 contract

Samples: www.sec.gov

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners and Assignees as provided for in this Article VI hereofXV, and the Certificate of Limited Partnership shall have been canceled cancelled in the manner required by the Delaware RULPXRULPA.

Appears in 1 contract

Samples: Heartland Partners L P

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI hereof, Sections 6.3 and 6.7 and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPXRULPA.

Appears in 1 contract

Samples: Agreement (U S Restaurant Properties Inc)

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for the payment of all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI Sections 6.6 and 12.5 hereof, and the Certificate of Limited Partnership shall have been canceled terminated in the manner required by the Delaware RULPXTBOC.

Appears in 1 contract

Samples: Limited Partnership Agreement (Dell Inc)

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI hereofSections 6.7 and 15.5, and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPXRULPA.

Appears in 1 contract

Samples: U S Restaurant Properties Inc

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Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when (a) all of the Partnership Assets shall have been converted into cash, (b) the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI hereofSection 13.05(c), and (c) the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPXAct.

Appears in 1 contract

Samples: Castle Creek Partners L P

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI hereof, Sections 6.7 and 14.5 and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPXRULPA.

Appears in 1 contract

Samples: U S Restaurant Properties Inc

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for the payment of all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Article VI hereofSection 6.05 and Section 12.03, and the Certificate of Limited Partnership shall have been canceled cancelled in the manner required by the Delaware RULPXRULPA.

Appears in 1 contract

Samples: Preferred Bidders Agreement (Orionnet Finance Corp)

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