Common use of Termination of the Partnership Clause in Contracts

Termination of the Partnership. The General Partner may wind up and subsequently dissolve the Partnership at any time on note less than 60 days’ notice of the dissolution date given to the other Partners. Upon the winding up of the Partnership, and following the payment of creditors of the Partnership and the making of provisions for the payment of any contingent, conditional or unmatured claims known to the Partnership, the Partners’ respective interests in the Partnership shall be valued and settled in accordance with the procedures set forth in Section 6.5, which provides for allocations to the GP-Related Capital Accounts of the Partners and distributions in accordance with the capital account balances of the Partners. The General Partner shall be the liquidator (the “Liquidator”). In the event that the General Partner is unable to serve as Liquidator, a liquidating trustee shall be chosen by affirmative vote of a Majority in Interest of the Partners (excluding Nonvoting Limited Partners).

Termination of the Partnership. The General Partner may wind up and subsequently dissolve the Partnership at any time on note not less than 60 days’ notice of the dissolution date given to the other Partners. Upon the winding up of the Partnership, and following the payment of creditors of the Partnership and the making of provisions for the payment of any contingent, conditional or unmatured claims known to the Partnership, the Partners’ respective interests in the Partnership shall be valued and settled in accordance with the procedures set forth in Section 6.5, which provides for allocations to the GP-Related Capital Accounts of the Partners and distributions in accordance with the capital account balances of the Partners. The General Partner shall be the liquidator (the “Liquidator”). In the event that the General Partner is unable to serve as Liquidator, a liquidating trustee shall be chosen by affirmative vote of a Majority in Interest of the Partners (excluding Nonvoting Limited Partners).