Common use of Winding Up of Affairs Clause in Contracts

Winding Up of Affairs. Upon dissolution of the Partnership, the General Partner shall wind up the affairs of the Partnership. The General Partner shall determine the time, place, manner and other terms of any sales involving the Partnership's assets, with due regard to the financial condition of the Partnership and the relevant market and economic conditions. No Partner shall have the right to require an in-kind distribution of the assets of the Partnership in lieu of any cash distribution.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Apple Hospitality Two Inc), Limited Partnership Agreement (Apple Hospitality Two Inc), Limited Partnership Agreement (Apple Hospitality Two Inc)

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