Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 42 contracts
Samples: Agreement (Plains All American Pipeline Lp), Agreement and Plan of Merger (Inergy Holdings, L.P.), Registration Rights Agreement (Plains All American Pipeline Lp)
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 37 contracts
Samples: Agreement (Crosstex Energy Lp), Article Xiv Merger (Enterprise Products Operating L P), Plains All American Pipeline Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, may defer liquidation or distribution of the Partnership’s assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, may distribute the Partnership’s assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 34 contracts
Samples: Agreement (Hiland Holdings GP, LP), Registration Rights Agreement (Plains All American Pipeline Lp), Agreement
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate distributions of cash distributions (to the extent any cash is available) must be made to the other Partners. The Liquidator may, in its absolute discretion, may defer liquidation or distribution of the Partnership’s assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, may distribute the Partnership’s assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 11 contracts
Samples: Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.)
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner Partners receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its the fair market valuevalue of the property distributed; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, may defer liquidation or distribution of the Partnership’s assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, may distribute the Partnership’s assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 5 contracts
Samples: Legacy Reserves Lp, Legacy Reserves Lp, Legacy Reserves Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 4 contracts
Samples: Genesis Energy Lp, Genesis Energy Lp, Genesis Energy Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, may defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, may distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 4 contracts
Samples: Blackstone Group L.P., Holly Energy Partners Lp, Holly Energy Partners Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partnerspartners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partnerspartners.
Appears in 4 contracts
Samples: Agreement (Genesis Energy Lp), Genesis Energy Lp, Genesis Energy Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partnerspartners.
Appears in 3 contracts
Samples: Cornerstone Propane Partners Lp, Cornerstone Propane Partners Lp, Cornerstone Propane Partners Lp
Disposition of Assets. The assets may be disposed of by public or --------------------- private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 3 contracts
Samples: Plains All American Pipeline Lp, Plains All American Pipeline Lp, Sunoco Logistics Partners Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c12.3(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, may defer liquidation or distribution of the Partnership’s assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, may distribute the Partnership’s assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 2 contracts
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate distributions of cash distributions (to the extent any cash is available) must be made to the other Partners. The Liquidator may, in its absolute discretion, may defer liquidation or distribution of the PartnershipCompany’s assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the PartnershipCompany’s assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, may distribute the PartnershipCompany’s assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 1 contract
Samples: Ares Management Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some part of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 1 contract
Samples: Enterprise Products Partners L P
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c12.04(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 1 contract
Disposition of Assets. The assets may be disposed of by --------------------- public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 1 contract
Samples: Sunoco Logistics Partners Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If , if any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some part of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partnerspartners.
Appears in 1 contract
Samples: Ap Eagle Finance Corp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.. (b)
Appears in 1 contract
Samples: Crosstex Energy Lp
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, defer liquidation or distribution of the Partnership’s 's assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s 's assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, distribute the Partnership’s 's assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.. SHAMROCK LOGISTICS OPERATIONS, L.P.
Appears in 1 contract
Samples: Valero L P
Disposition of Assets. The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.4(c) 12.4.3 to have received cash equal to its fair market value; and contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may, in its absolute discretion, may defer liquidation or distribution of the Partnership’s assets for a reasonable time if it determines that an immediate sale or distribution of all or some of the Partnership’s assets would be impractical or would cause undue loss to the Partners. The Liquidator may, in its absolute discretion, may distribute the Partnership’s assets, in whole or in part, in kind if it determines that a sale would be impractical or would cause undue loss to the Partners.
Appears in 1 contract
Samples: Agreement (AWA Group LP)