Common use of Responsibility for Winding Up Clause in Contracts

Responsibility for Winding Up. Upon dissolution of the Partnership, the affairs of the Partnership shall be wound up by the General Partner, or if there is no General Partner, the Partnership's affairs shall be wound up by the Limited Partners.

Appears in 9 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement, Limited Partnership Agreement

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Responsibility for Winding Up. Upon On the dissolution of the Partnership, the affairs of the Partnership shall be wound up by the General PartnerPartner or, or if there is no General PartnerPartner remaining, the Partnership's ’s affairs shall be wound up by the Limited Partners. If the Limited Partners wind up the Partnership’s affairs, they shall be entitled to reasonable compensation.

Appears in 1 contract

Samples: Limited Partnership Agreement

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Responsibility for Winding Up. Upon dissolution of the Partnership, the affairs of the Partnership shall be wound up by the General Partner, or if there is no General Partner, the Partnership's affairs shall be wound up by the Limited Partners.

Appears in 1 contract

Samples: Partnership Agreement

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