Common use of Winding Up and Liquidation of the Partnership Clause in Contracts

Winding Up and Liquidation of the Partnership. Upon the dissolution of the Partnership, the General Partner, or if it is not available, a liquidator selected by the Limited Partners, shall proceed to wind up the Partnership business. The General Partner or such liquidator, as the case may be, shall apply the Partnership assets, after payment of Partnership debts and liabilities, and the creation of such reserves as the liquidator deems appropriate, to the Partners in accordance with their Percentage Interests.

Appears in 31 contracts

Samples: Agreement (DCT Chino LLC), Eastgate Lp (DCT Chino LLC), DCT Miami Service (DCT Chino LLC)

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Winding Up and Liquidation of the Partnership. Upon the dissolution of the Partnership, the General Partner, or if it is not available, a liquidator selected by the Limited Partners, shall proceed to wind up the Partnership partnership business. The General Partner general partner or such liquidator, as the case may be, shall apply the Partnership assets, after payment of Partnership debts and liabilities, and the creation of such reserves as the liquidator deems appropriate, to the Partners in accordance with their Percentage Interests.

Appears in 1 contract

Samples: DCT Chino LLC

Winding Up and Liquidation of the Partnership. Upon the dissolution of the Partnership, the General Partner, or if it is not available, a liquidator selected by the Limited Partners, shall proceed to wind up the Partnership business. The General Partner or such liquidator, as the case may be, shall apply the Partnership assets, after payment of Partnership debts and liabilities, and the creation of such reserves as the liquidator deems appropriate, to the tire Partners in accordance with their Percentage Interests.

Appears in 1 contract

Samples: DCT Chino LLC

Winding Up and Liquidation of the Partnership. Upon the --------------------------------------------- dissolution of the Partnership, the General Partner, or if it is not available, a liquidator selected by the Limited PartnersPartner, shall proceed to wind up the Partnership business. The General Partner or such liquidator, as the case may be, shall apply the Partnership assets, after payment of Partnership debts and liabilities, and the creation of such reserves as the General Partner or liquidator deems appropriate, to the Partners in accordance with their Percentage Interests.

Appears in 1 contract

Samples: BMW Manufacturing Lp

Winding Up and Liquidation of the Partnership. Upon the dissolution of the Partnership, the General Partner, or if it is not available, a liquidator selected by written consent of the Limited PartnersPartner, shall proceed to wind up the Partnership business. The General Partner or such liquidator, as the case may be, shall apply the Partnership assets, after payment of Partnership debts and liabilities, and the creation of such reserves as the liquidator deems appropriate, to the Partners in accordance with their Percentage Interests.

Appears in 1 contract

Samples: Contribution Agreement (Federal Realty Investment Trust)

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Winding Up and Liquidation of the Partnership. Upon the dissolution of the Partnership, the tire General Partner, or if it is not available, a liquidator selected by the Limited Partners, shall proceed to wind up the Partnership business. The General Partner Xxxxxx or such liquidator, as the case may be, shall apply the Partnership assets, after payment of Partnership debts and liabilities, and the creation of such reserves as the liquidator deems appropriate, to the Partners in accordance with their Percentage Interests.

Appears in 1 contract

Samples: DCT Fairbanks Lp (DCT Chino LLC)

Winding Up and Liquidation of the Partnership. Upon the dissolution of the Partnership, the General Partner, or if it is not available, a liquidator selected by the Limited PartnersPartner, shall proceed to wind up the Partnership business. The General Partner or such liquidator, as the case may be, shall apply the Partnership assets, after payment of Partnership debts and liabilities, and the creation of such reserves as the liquidator deems appropriate, to the Partners in accordance with their Percentage InterestsArticle IV.

Appears in 1 contract

Samples: Lasalle Hotel Properties

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