Common use of Winding Up and Liquidation Clause in Contracts

Winding Up and Liquidation. Such period of time as determined by the General Partner in its reasonable discretion shall be allowed for the orderly winding up and liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Partnership to seek to minimize potential losses upon such liquidation. In connection with the winding up of the Partnership, the General Partner may take any and all actions that it determines in its reasonable discretion to be necessary or desirable to enhance or protect the value of the assets of the Partnership, including the use of xxxxxx, the making of follow-on investments, the reinvestment of undistributed cash and similar actions.

Winding Up and Liquidation. Such period of time as determined by the General Partner in its reasonable discretion shall be allowed for the orderly winding up and liquidation of the assets of the Partnership and the discharge of liabilities to creditors so as to enable the Partnership to seek to minimize potential losses upon such liquidation. In connection with the winding up of the Partnership, the General Partner may take any and all actions that it determines in its reasonable discretion to be necessary or desirable to enhance or protect the value of the assets of the Partnership, including the use of xxxxxx, the making of follow-on investments, the reinvestment of undistributed cash and similar actions.actions.‌