Common use of Character of Liquidating Distributions Clause in Contracts

Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner shall be made in exchange for the interest of such Partner in Partnership property pursuant to Section 736(b)(1) of the Code, including the interest of such Partner in Partnership goodwill.

Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner Member (whether pursuant to Article X or Article XII hereof) shall be made in exchange for the interest of such Partner Member in Partnership property Property pursuant to Section 736(b)(1) of the Code, including the interest of such Partner Member in Partnership Company goodwill.

Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner (whether pursuant to Article X or Article XII) shall be made in exchange for the interest of such Partner in Partnership property Property pursuant to Section 736(b)(1) of the Code, including the interest of such Partner in Partnership goodwill.

Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner pursuant to Article 11 shall be made in exchange for the interest of such Partner in Partnership property Property pursuant to Section 736(b)(1) of the Code, including the interest of such Partner in Partnership goodwill.

Character of Liquidating Distributions. All payments made in liquidation of the Interest interest of a retiring General Partner or Interest Holder pursuant to Article XII shall be made in exchange for the interest of such General Partner or Interest Holder in Partnership property Property pursuant to Section 736(b)(1) of the Code, including the interest of such General Partner or Interest Holder in Partnership goodwill.

Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner (whether pursuant to Article X or Article XII hereof) shall be made in exchange for the interest of such Partner in Partnership property Property pursuant to Section 736(b)(1) of the Code, including the interest of such Partner in Partnership goodwill.

Character of Liquidating Distributions. All payments made in liquidation of the Interest of a retiring Partner (whether pursuant to Article X or Article XII hereof) shall be made in exchange for the interest of such Partner in Partnership property Property pursuant to Section 736(b)(1736(b)(l) of the Code, including the interest of such Partner in Partnership goodwill.