Common use of Distributions on Dissolution Clause in Contracts

Distributions on Dissolution. After dissolution, distributions of cash to Partners on account of their interests as Partners shall be made in accordance with the provisions of Article III. Assets of the Partnership may be distributed in kind on the basis of the then fair market value thereof as determined by an independent appraiser selected by the distributor appointed by the General Partner, or the persons carrying out the winding up of the affairs of the Partnership in accordance with Section 5.2. If assets are distributed in kind, they may be distributed to the Partners as tenants in common.

Distributions on Dissolution. After dissolution, distributions of cash to Partners on account of their interests as Partners shall be made in accordance with the provisions of Article III. V. Assets of the Partnership may be distributed in kind on the basis of the then fair market value thereof as determined by an independent appraiser selected by the distributor appointed by the General Partner, or the persons carrying out the winding up of the affairs of the Partnership in accordance with Section 5.2. If assets are distributed in kind, they may be distributed to the Partners as tenants in common.

Distributions on Dissolution. After dissolution, distributions of cash to Partners on account of their interests as Partners shall be made in accordance with the provisions of Article III. Assets of the Partnership may be distributed in kind on the basis of the then fair market value thereof as determined by an independent appraiser selected by the distributor appointed by the General Partner, or the persons carrying out the winding up of the affairs of the Partnership in accordance with Section 5.2. If assets are distributed in kind, they may be distributed to the Partners as tenants in common.persons