Partnership Term. 3.1 The Partnership shall commence as of the date of the filing of the Certificate and the Partnership shall continue in existence until it is terminated, liquidated, or dissolved in accordance with this Agreement or by operation of law.
Partnership Term. The Partnership shall commence on , 20 and will continue until: (Check one) ☐ , 20 , ☐ It terminates in accordance with the terms of this Agreement, unless terminated earlier in accordance with the terms of this Agreement. ☐
Partnership Term. The period of duration of the Partnership, as set forth in Section 2.5.
Partnership Term. The term of the Partnership shall be deemed to have commenced with the filing of the Certificate and shall be perpetual, unless sooner terminated in accordance with the provisions of this Agreement.
Partnership Term. The term of this partnership Agreement shall commence on July 1, 2023 and end on June 30, 2024 (hereby referred to as the "Term").
Partnership Term. In accordance with the terms of the Partnership Agreement, the Partnership must sell its assets and liquidate by December 31, 2037. The Offer provides Limited Partners with an opportunity to liquidate their entire investment sooner than otherwise might be possible. * TAX CONSIDERATIONS. A sale by a Limited Partner pursuant to the Offer might enable such Limited Partner to utilize previously nondeductible passive losses to generate additional savings for federal income tax purposes. In addition, a sale pursuant to the Offer might enable a Limited Partner to realize a taxable loss if the Limited Partner's tax basis in its Interests (including such Limited Partner's share of debt) exceeds the Purchase Price; on the other hand, taxable gain would result if this is not the case. The Offer may also be attractive to Limited Partners who wish in the future to avoid the expenses, delays and complications in filing complex income tax returns which result from an ownership of Interests. * LACK OF TRADING MARKET. There is no established or regular trading market for the Interests, nor is there another reliable standard for determining the fair market value of an Interest. Limited Partners who desire liquidity may wish to consider the Offer. The Offer affords Limited Partners an opportunity to dispose of their Interests for cash, which alternative otherwise might not be available to them. However, the Purchase Price is not intended to represent either the fair market value of an Interest or the fair market value of the Partnership's assets on a per Interest basis.
Partnership Term. In accordance with the Partnership Agreement, the term of the Partnership will expire on January 1, 2106, although it is expected that the Partnership may terminate sooner than 2106. Host Xxxxxxxx currently has no plans to liquidate or dissolve the Partnership. Lack of Trading Market. There is no established or regular trading market for the Units, nor is there another reliable standard for determining the fair market value of the Units. Unitholders who desire liquidity may wish to consider the Offer. The Offer affords Unitholders an opportunity to dispose of their Units for cash, which alternative otherwise might not be available to them currently or in the foreseeable future, particularly given the effect of the possible imposition of the Transfer Restriction. However, the Offer Price is not intended to represent the highest or most likely price that would be achieved in an open market for a Unit or the Partnership's assets on a per Unit basis. 10
Partnership Term. The partnership shall commence on……………………………., and shall continue until terminated.
Partnership Term. The period of time between the Effective Date and the date the winding up of the Partnership business is completed.
Partnership Term. The term of the Partnership commenced on June 26, 2020 and shall continue until December 31, 2120, unless sooner terminated in accordance with Article XII. Upon termination of the Partnership, the General Partner shall take all actions necessary to terminate the Partnership in accordance with requirements of the Act.
