Termination and Liquidating Distribution Sample Clauses

Termination and Liquidating Distribution. 9 7.1 TERMINATION OF THE PARTNERSHIP. .......................................9 7.2 BALANCING OF FMV CAPITAL ACCOUNTS. ....................................9 7.3 DEEMED SALE GAIN/LOSS CHARGE BACK. .....................................9 7.4 DEFICIT MAKE-UP OBLIGATION AND BALANCING CASH CONTRIBUTIONS. ................9 7.5 DISTRIBUTION TO BALANCE CAPITAL ACCOUNTS. ...............................9 7.6 FMV DETERMINATION. ................................................10 7.7 FINAL DISTRIBUTION. ................................................10 8. TRANSFERS, INDEMNIFICATION, AND CORRESPONDENCE .............................10 8.1 TRANSFER OF PARTNERSHIP INTERESTS.....................................10 8.2 CORRESPONDENCE. ...................................................10

Termination and Liquidating Distribution. 7.1 Termination of the Partnership. 7.1.1 Upon termination, as provided in Code §708(b)(I)(A), the business shall be wound-up and concluded, and the assets shall be distributed to the Parties as described below by the end of such calendar year (or, if later, within ninety (90) days after the date of such termination). The assets shall be valued and distributed to the Parties in the order provided in Secs. 7.1.2, 7.5. and 7.7. 7.1.2 First, all cash representing unexpended contributions by any Party and any property in which no interest has been earned by any other Party under the Agreement shall be returned to the contributor. 7.2 Balancing of FMV Capital Accounts.

Termination and Liquidating Distribution. Termination of the Partnership.

Termination and Liquidating Distribution