Common use of Liquidation and Termination Clause in Contracts

Liquidation and Termination. On dissolution of the Partnership, the General Partner shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Partnership and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Partnership expense. Until final distribution, the liquidators shall continue to operate the Partnership properties with all of the power and authority of the General Partner. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Partnership, the General Partner shall act as liquidator or may appoint one or more Persons as liquidatorliquidator(s). The liquidators shall liquidator will proceed diligently to wind up the affairs of the Partnership and make final distributions as provided herein and in the Delaware Actherein. The costs of liquidation shall will be borne as a Partnership expense. Until final distribution, the liquidators shall liquidator will continue to operate the Partnership properties with all of the power and authority of the General PartnerPartners. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On dissolution of the Partnership, the General Partner shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Partnership and make final distributions Distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Partnership expense. Until final distributionDistribution, the liquidators shall continue to operate the Partnership properties with all of the power and authority of the General Partner. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. (a) On the dissolution of the Partnership, the General Partner shall act as liquidator or (in its sole discretion) may appoint one or more representatives, Partners or other Persons as liquidatorliquidator(s). The liquidators shall proceed diligently to wind up the affairs of the Partnership and make final distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Partnership expense. Until final distribution, the liquidators shall continue to operate the Partnership properties with all of the power and authority of the General Partner. The steps to be accomplished by the liquidators are as follows:

Liquidation and Termination. On dissolution of the Partnership, the General Partner shall act as liquidator or may appoint one or more other Persons as liquidator. The liquidators liquidator shall proceed diligently to wind up the affairs of the Partnership and make final distributions as provided herein and in the Delaware Actherein. The costs of liquidation shall be borne as a Partnership expense. Until final distribution, the liquidators liquidator shall continue to operate the Partnership properties with all of the power and authority of the General Partner. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On Upon dissolution of the Partnership, the General Partner shall act as liquidator or may appoint one or more Persons as liquidator. The liquidators who shall proceed diligently have full authority to wind up the affairs of the Partnership and make final distributions distribution as provided herein and in herein. In the Delaware Act. The costs of liquidation shall be borne General Partner's capacity as a Partnership expense. Until final distributionliquidator, the liquidators it shall continue to operate the Partnership properties with all of the power and authority of the General Partner. The steps to be accomplished by the liquidators liquidator are as follows:

Liquidation and Termination. On the dissolution of the Partnership, the General Partner shall act as liquidator or may appoint one or more representatives, Partners or other Persons as liquidatorliquidator(s), and any such liquidator shall constitute a “liquidating trustee” within the meaning of the Delaware Act. The liquidators liquidator(s) shall proceed diligently to wind up the affairs of the Partnership and make final distributions Distributions as provided herein and in the Delaware Act. The costs of liquidation shall be borne as a Partnership expense. Until final distributionDistribution, the liquidators liquidator(s) shall continue to operate the Partnership Partnership’s properties with all of the power and authority of the General PartnerPartner with respect to the asset(s) it is liquidating. The steps to be accomplished by the liquidators liquidator(s) are as follows: