Common use of Actions of the Liquidating Partner; Statements of Account Clause in Contracts

Actions of the Liquidating Partner; Statements of Account. A. During the period of liquidation (which will be such reasonable time as may be required for the orderly completion of liquidation and distribution as set forth above), the Liquidating Partner, as trustee for the benefit of all Partners as tenants-in-common, shall take any and all action necessary or appropriate to complete such liquidation and distribution as provided in this Article, having for such purpose all of the powers enumerated in Article IV of this Agreement necessary or appropriate to accomplish the same.

Appears in 3 contracts

Samples: Brandywine Realty Trust, Brandywine Realty Trust, Brandywine Realty Trust

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Actions of the Liquidating Partner; Statements of Account. A. During the period of liquidation (which will be such reasonable time as may be required for the orderly completion of liquidation and distribution as set forth above), the Liquidating Partner, as trustee for the benefit of all Partners as tenants-in-commonPartners, shall will take any and all action necessary or appropriate to complete such liquidation and distribution as provided in this Article, having for such purpose all of the powers enumerated in Article IV of this Agreement necessary or appropriate to accomplish the same.

Appears in 1 contract

Samples: Agreement

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Actions of the Liquidating Partner; Statements of Account. A. During the period of liquidation (which will be such reasonable time as may be required for the orderly completion of liquidation and distribution as set forth above), the Liquidating Partner, as trustee for the benefit of all Partners as tenants-in-tenants in common, shall will take any and all action necessary or appropriate to complete such liquidation and distribution as provided in this Article, having for such purpose all of the powers enumerated in Article IV V of this Agreement necessary or appropriate to accomplish the same.

Appears in 1 contract

Samples: Ws Financing Corp

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