Common use of Final Allocation and Distribution Clause in Contracts

Final Allocation and Distribution. Following termination and dissolution of the Partnership (whether pursuant to Section 8.1 or otherwise) and upon liquidation and winding up of the Partnership, after payment or provision for payment of all liabilities and obligations (actual and anticipated or contingent) of the Partnership, the remaining assets, if any, shall be distributed to the Partners pro rata in accordance with Article IV.

Appears in 2 contracts

Sources: Limited Partnership Agreement, Limited Partnership Agreement