Common use of Termination of Partnership Clause in Contracts

Termination of Partnership. The partnership may be terminated by agreement of the partners whose capital accounts total a majority in value of the capital accounts of all the partners. Written notice of a meeting where termination of the partnership is to be considered shall include a specific reference to this matter. The partnership shall terminate upon a majority vote of all partners’ capital accounts. Written notice of the decision to terminate the partnership shall be given to all the partners. Payment shall then be made of all the liabilities of the partnership and a final distribution of the remaining assets either in cash or in kind, shall promptly be made to the partners or their personal representatives in proportion to each partner’s capital account.

Termination of Partnership. The partnership Partnership may be terminated by agreement of the partners whose capital accounts total a majority in value two- thirds of the capital accounts of all the partnersPartners at two consecutive meetings. Written notice of a the meeting where termination of the partnership Partnership is to be considered shall include a specific reference to this matter. The partnership Partnership shall terminate upon a majority two-thirds vote of all partners’ capital accountsPartners at the second meeting. Written notice of the decision to terminate the partnership Partnership shall be given to all the partnersPartners. Payment shall then be made of all the liabilities of the partnership general Partnership and a final distribution of the remaining assets either in cash or in kind, shall promptly be made to the partners Partners or their personal representatives in proportion to each partnergeneral Partner’s capital account.

Termination of Partnership. The partnership may be terminated by agreement of the partners whose capital accounts total a majority in value two-thirds of the capital accounts of all the general partners. Written notice of a the meeting where termination of the partnership is to be considered shall include a specific reference to this matter. The partnership shall terminate upon a majority two- thirds vote of all general partners’ capital accounts. Written notice of the decision to terminate the partnership shall be given to all the general partners. Payment shall then be made of all the liabilities of the general partnership and a final distribution of the remaining assets either in cash or in kindcash, and shall promptly be made to the general partners or their personal representatives in proportion to each general partner’s capital account.

Termination of Partnership. The partnership may be terminated by y agreement of the partners whose capital accounts total a majority in value of the capital accounts of all the partners. Written notice of a the meeting where termination of the partnership is to be considered shall include a specific reference to this matter. The partnership shall terminate upon a majority vote of all partners’ capital accounts. Written notice of the decision to terminate the partnership shall be given to all the partners. Payment Payments shall then be made of all the liabilities of the partnership and a final distribution of the remaining assets either in cash or in kind, shall promptly be made to the partners or of their personal representatives in proportion to each partner’s capital account.

Termination of Partnership. The partnership may be terminated by the agreement of the partners whose capital accounts total a majority in value of the capital accounts of all the partners. Written notice of a meeting where termination of the partnership is to be considered shall include a specific reference to this matter. The partnership shall If a decision to terminate upon a majority vote of all partners’ capital accounts. Written is reached, written or email notice of the decision to terminate the partnership shall be given to all the partners. Payment shall then be made of all the liabilities of the partnership and a final distribution of the remaining assets either in cash or in kind, shall promptly be made, pending outstanding transactions and a final accounting. Payment will be made to the partners or their personal representatives in proportion to each partner’s 's capital account.