Common use of Liquidation of Partnership Clause in Contracts

Liquidation of Partnership. Upon dissolution, the Partnership's business shall be liquidated in an orderly manner. Except as provided in the immediately succeeding sentence, the General Partner shall be the liquidator to wind up the affairs of the Partnership pursuant to this Agreement. If there shall be no General Partner or if the Partnership shall be dissolved pursuant to Section 10.02(d), the Limited Partners, upon the approval of the Required Limited Partners, may approve one or more liquidators to act as the liquidator in carrying out such liquidation. In performing its duties, subject to the Delaware Act, the liquidator is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Partnership in any reasonable manner that the liquidator shall determine to be in the best interest of the Partners.

Liquidation of Partnership. Upon dissolution, the Partnership's business shall be liquidated in an orderly manner. Except as provided in the immediately succeeding sentence, the General Partner shall be the liquidator to wind up the affairs of the Partnership pursuant to this Agreement. If there shall be no the General Partner is not available to serve as liquidator or if the Partnership shall be dissolved pursuant to Section 10.02(d)upon dissolution of any of the Funds in accordance with the terms of the applicable Partnership Agreement, the Limited Partners, upon the Partners may by approval of the Required Majority Limited Partners, may approve Partners appoint one or more liquidators to act as the liquidator in carrying out such liquidation. In performing its duties, subject to the Delaware Act, the liquidator is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Partnership in any reasonable manner that the liquidator shall determine to be in the best interest of the Partners.

Liquidation of Partnership. Upon dissolution, the Partnership's business shall be liquidated in an orderly manner. Except as provided in the immediately succeeding sentence, the General Partner shall be the liquidator to wind up the affairs of the Partnership pursuant to this Agreement. If there shall be no the General Partner is not available to serve as liquidator or if the Partnership shall be dissolved pursuant to Section 10.02(d)upon dissolution of any of the Funds in accordance with the terms of the applicable Fund Partnership Agreement, the Limited PartnersPartners may, upon the by approval of the Required Majority Limited Partners, may approve appoint one or more liquidators to act as the liquidator in carrying out such liquidation. In performing its duties, subject to the Delaware Act, the liquidator is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Partnership in any reasonable manner that the liquidator shall determine to be in the best interest of the Partners.

Liquidation of Partnership. Upon dissolution, the Partnership's ’s business shall be liquidated in an orderly manner. Except as provided in the immediately succeeding sentence, the General Partner shall be the liquidator to wind up the affairs of the Partnership pursuant to this Agreement. If there shall be no General Partner or if the Partnership shall be dissolved pursuant to Section 10.02(d), the Limited Partners, upon the approval of the Required Limited Partners, may approve one or more liquidators to act as the liquidator in carrying out such liquidation. In performing its duties, subject to the Delaware Act, the liquidator is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Partnership in any reasonable manner that the liquidator shall determine to be in the best interest of the Partners.

Liquidation of Partnership. Upon dissolution, the Partnership's business shall be liquidated in an orderly manner. Except as provided in the immediately succeeding sentence, the General Partner shall be the liquidator to wind up the affairs of the Partnership pursuant to this Agreement. If there shall be no the General Partner is not available to serve as liquidator or if the Partnership shall be dissolved pursuant to Section 10.02(d)upon dissolution of any of the Funds in accordance with the terms of the applicable Partnership Agreement, the Individual Limited Partners, upon the Partners may by approval of the Required Majority Individual Limited Partners, may approve Partners appoint one or more liquidators to act as the liquidator in carrying out such liquidation. In performing its duties, subject to the Delaware Act, the liquidator is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Partnership in any reasonable manner that the liquidator shall determine to be in the best interest of the Partners.

Liquidation of Partnership. Upon dissolution, the Partnership's ’s business shall be liquidated in an orderly manner. Except as provided in the immediately succeeding sentence, the General Partner shall be the liquidator to wind up the affairs of the Partnership pursuant to this Agreement. If there shall be no the General Partner is not available to serve as liquidator or if the Partnership shall be dissolved pursuant to Section 10.02(d)upon dissolution of any of the Funds in accordance with the terms of the applicable Fund Partnership Agreement, the Limited PartnersPartners may, upon the by approval of the Required Majority Limited Partners, may approve appoint one or more liquidators to act as the liquidator in carrying out such liquidation. In performing its duties, subject to the Delaware Act, the liquidator is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Partnership in any reasonable manner that the liquidator shall determine to be in the best interest of the Partners.