Common use of Liquidation Rights Clause in Contracts

Liquidation Rights. (a) Upon any Dissolution Event, after payment or provision for the liabilities of the Partnership (including the expenses of such Dissolution Event) and the satisfaction of all claims ranking senior to the Series A Preferred Mirror Units in accordance with Section 9.03, the Series A Holders shall be entitled to receive out of the assets of the Partnership or proceeds thereof available for distribution to Partners, before any payment or distribution of assets is made in respect of Junior Units, distributions equal to the positive balance in their Capital Accounts (to the extent such positive balance is attributable to ownership of the Series A Preferred Mirror Units and after taking into account allocations of Gross Ordinary Income to the Series A Holders pursuant to Section 11.06 for the taxable year in which the Dissolution Event occurs) pursuant to Section 9.03, pro rata based on the full respective distributable amounts to which each Series A Holder is entitled pursuant to this Section 11.08(a).

Liquidation Rights. (a) Upon any Dissolution Event, after payment or provision for the liabilities of the Partnership (including the expenses of such Dissolution Event) and the satisfaction of all claims ranking senior to the Series A B Preferred Mirror Units in accordance with Section 9.03, the Series A B Holders shall be entitled to receive out of the assets of the Partnership or proceeds thereof available for distribution to Partners, before any payment or distribution of assets is made in respect of Junior Units, distributions equal to the positive balance in their Capital Accounts (to the extent such positive balance is attributable to ownership of the Series A B Preferred Mirror Units and after taking into account allocations of Gross Ordinary Income to the Series A B Holders pursuant to Section 11.06 12.06 for the taxable year in which the Dissolution Event occurs) pursuant to Section 9.03, pro rata based on the full respective distributable amounts to which each Series A B Holder is entitled pursuant to this Section 11.08(a12.08(a).

Liquidation Rights. (a) Upon any Dissolution Event, after payment or provision for the liabilities of the Partnership Company (including the expenses of such Dissolution Event) and the satisfaction of all claims ranking senior to the Series A Preferred Mirror Units in accordance with Section 9.03, the Series A Holders shall be entitled to receive out of the assets of the Partnership Company or proceeds thereof available for distribution to PartnersMembers, before any payment or distribution of assets is made in respect of Junior Units, distributions equal to the positive balance in their Capital Accounts (to the extent such positive balance is attributable to ownership of the Series A Preferred Mirror Units and after taking into account allocations of Gross Ordinary Income to the Series A Holders pursuant to Section 11.06 for the taxable year in which the Dissolution Event occurs) pursuant to Section 9.03, pro rata based on the full respective distributable amounts to which each Series A Holder is entitled pursuant to this Section 11.08(a).

Liquidation Rights. (a) Upon any Dissolution Event, after payment or provision for the liabilities of the Partnership Company (including the expenses of such Dissolution Event) and the satisfaction of all claims ranking senior to the Series A B Preferred Mirror Units in accordance with Section 9.03, the Series A B Holders shall be entitled to receive out of the assets of the Partnership Company or proceeds thereof available for distribution to PartnersMembers, before any payment or distribution of assets is made in respect of Junior Units, distributions equal to the positive balance in their Capital Accounts (to the extent such positive balance is attributable to ownership of the Series A B Preferred Mirror Units and after taking into account allocations of Gross Ordinary Income to the Series A B Holders pursuant to Section 11.06 12.06 for the taxable year in which the Dissolution Event occurs) pursuant to Section 9.03, pro rata based on the full respective distributable amounts to which each Series A B Holder is entitled pursuant to this Section 11.08(a12.08(a).