Common use of Distributions on Termination Clause in Contracts

Distributions on Termination. In connection with a Terminating Sale or Disposition, Cash From Sales or Financings and any remaining working capital reserves shall be allocated among, and distributed to, the Partners first in proportion to, and to the extent of, their positive capital accounts after the Net Income from any Terminating Sale or Disposition has been allocated pursuant to Section 11.4.4 hereof. Distributions pursuant to this Section 11.7 shall be deemed to have been made in satisfaction of the Distributions required by Section 11.6 (in the case of non-terminating Sales or Dispositions) in the order of priority described therein.

Distributions on Termination. In connection with a Terminating Sale or Disposition, Cash From Sales or Financings and any remaining working capital reserves shall be allocated among, and distributed to, the Partners first in proportion to, and to the extent of, their positive capital accounts after the Net Income from any Terminating Sale or Disposition has been allocated pursuant to Section 11.4.4 hereof. Distributions pursuant to this Section 11.7 shall be deemed to have been made in satisfaction of the Distributions required by Section 11.6 (in the case of non-terminating Sales or Dispositions) in the order of priority described therein.