Dissolution of the Partnership. (a) Upon termination of the Partnership in accordance with the provisions of this Agreement, the Partnership shall be considered dissolved, and the General Partner shall wind up the affairs of the Partnership, sell all of the Partnership assets as promptly as is consistent with obtaining the fair market value thereof, and, after paying all liabilities and costs of winding up, shall distribute the proceeds in accordance with the provision of Article XV hereof.
Appears in 22 contracts
Samples: Parkview Limited Partnership Agreement (National Credit & Guaranty CORP), Waterford Limited Partnership Agreement (National Credit & Guaranty CORP), Limited Partnership Agreement (National Credit & Guaranty CORP)
Dissolution of the Partnership. (a) Upon termination of the Partnership in accordance with the provisions of this Agreement, ; the Partnership shall be considered dissolved, and the General Partner shall wind up the affairs of the Partnership, sell all of the Partnership assets as promptly as is consistent with obtaining the fair market value thereof, and, after paying all liabilities and costs of winding up, shall distribute the proceeds in accordance with the provision of Article XV hereof.
Appears in 1 contract
Samples: Limited Partnership Agreement (National Credit & Guaranty CORP)
Dissolution of the Partnership. (a) Upon termination of the Partnership in is accordance with the provisions of this Agreement, the Partnership shall be considered dissolved, and the General Partner shall wind up the affairs of the Partnership, sell all of the Partnership assets as promptly as is consistent with obtaining the fair market value thereof, and, after paying all liabilities and costs of winding up, shall distribute the proceeds in accordance with the provision of Article XV hereof.
Appears in 1 contract
Samples: Estates Limited Partnership Agreement (National Credit & Guaranty CORP)
