Common use of Winding Up and Liquidation Clause in Contracts

Winding Up and Liquidation. On dissolution of the partnership, if the partnership business is not continued pursuant to subsection (b) of this article, it shall be wound up and liquidated as quickly as circumstances will allow. The assets of the partnership shall be applied to partnership liabilities in the following order:

Winding Up and Liquidation. On dissolution of the partnership, if the partnership business is not continued pursuant to subsection (b) subpart b of this article, it shall be wound up and liquidated as quickly as circumstances will allow. The assets of the partnership shall be applied to partnership liabilities in the following order:

Winding Up and Liquidation. On Upon dissolution of the partnership, if the partnership business is not continued pursuant to subsection (b) of this articlePartnership, it shall be wound up and liquidated as quickly rapidly as business circumstances will allowpermit. The assets liabilities of the partnership Partnership shall be applied entitled to partnership liabilities payment in the following order:

Winding Up and Liquidation. On dissolution Upon Dissolution of the partnershipPartnership, if the partnership Partnership business is not continued pursuant to subsection (b) of this articleas provided in Section 12.02, it shall be wound up and liquidated as quickly as circumstances will allow. The assets of the partnership Partnership shall be applied to partnership Partnership liabilities in the following orderorder to the extent available therefor:

Winding Up and Liquidation. On dissolution of the partnership, if the partnership business is not continued pursuant to subsection (b) of this article, it shall be wound up and liquidated as quickly as circumstances will allow. The assets of the partnership shall be applied to partnership liabilities in the following order:: Amounts owing to creditors other than partners; Amounts owing to partners other than for capital and profits; Amounts owing to partners in respect to capital; and Amounts owing to partners in respect to profits.

Winding Up and Liquidation. On Upon dissolution of the partnership, if the partnership business is not continued pursuant to subsection (b) of this articlePartnership, it shall be wound up and liquidated as quickly rapidly as business circumstances will allowpermit. The assets liabilities of the partnership Partnership shall be applied entitled to partnership liabilities payment in the following order:order:‌