Common use of Winding Up Affairs on Dissolution Clause in Contracts

Winding Up Affairs on Dissolution. Upon dissolution of the Partnership, the General Partner, or the persons required or permitted by law to carry out the winding up of the affairs of the Partnership, shall promptly notify all Partners of such dissolution; shall wind up the affairs of the Partnership; shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Partnership; and, after paying or providing for the payment of all liabilities and obligations of the Partnership, shall distribute the assets of the Partnership as provided by law and the terms of this Agreement.

Appears in 8 contracts

Samples: PHC Hospitals, LLC, Limited Partnership Agreement (Central Parking Corp), VHS of Anaheim Inc

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Winding Up Affairs on Dissolution. Upon dissolution of the Partnership, the General Partner, or the persons required or permitted by law to carry out the winding up of the affairs of the PartnershipPartnership (the “Distributor”), shall promptly notify all Partners of such dissolution; shall wind up the affairs of the Partnership; shall prepare and file all instruments or documents required by law to be filed to reflect the dissolution of the Partnership; and, after paying or providing for the payment of all liabilities and obligations of the Partnership, shall distribute the assets of the Partnership as provided by law and the terms of this Partnership Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Community Health Investment CORP), Limited Partnership Agreement (Community Health Investment CORP)

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