COMPELLED LIQUIDATION Sample Clauses

COMPELLED LIQUIDATION. If any Event of Default occurs, the Nondefaulting Partner shall have the option, but not the obligation, at any time during the sixty (60) day period after the Event of Default occurs, to compel the General Partner to cause the Subsidiaries to sell all the Properties then owned by the Subsidiaries in the manner set forth in Article 12, without the need of satisfying the conditions set forth in Section 12.8 hereof, it being expressly agreed to that such conditions shall not apply in the case of a sale upon an Event of Default.