Common use of Termination of Partnership Clause in Contracts

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.7 and 15.5, and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPA.

Appears in 1 contract

Samples: U S Restaurant Properties Inc

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Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners and Assignees as provided for in Sections 6.7 and 15.5this Article XV, and the Certificate of Limited Partnership shall have been canceled cancelled in the manner required by the Delaware RULPA.

Appears in 1 contract

Samples: Heartland Partners L P

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for the payment of all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.7 6.6 and 15.512.5 hereof, and the Certificate of Limited Partnership shall have been canceled terminated in the manner required by the Delaware RULPATBOC.

Appears in 1 contract

Samples: Limited Partnership Agreement (Dell Inc)

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for the payment of all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.7 Section 6.05 and 15.5Section 12.03, and the Certificate of Limited Partnership shall have been canceled cancelled in the manner required by the Delaware RULPA.

Appears in 1 contract

Samples: Preferred Bidders Agreement (Orionnet Finance Corp)

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.7 Section 5.03 and 15.513.05, and the Certificate of Limited Partnership shall have been canceled cancelled in the manner required by the Delaware RULPA.Act. ARTICLE XIV

Appears in 1 contract

Samples: www.sec.gov

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.3 and 6.7 and 15.5, and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPA.

Appears in 1 contract

Samples: Agreement (U S Restaurant Properties Inc)

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when (a) all of the assets of the Partnership Assets shall have been converted into cash, (b) the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.7 and 15.5Section 13.05(c), and (c) the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPAAct.

Appears in 1 contract

Samples: Castle Creek Partners L P

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Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.7 and 15.5, 14.5 and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPA.

Appears in 1 contract

Samples: U S Restaurant Properties Inc

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.7 and 15.5Article VI hereof, and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware RULPARULPX.

Appears in 1 contract

Samples: Oppenheimer Capital L P /De/

Termination of Partnership. Except as otherwise provided in this Agreement, the Partnership shall terminate when all of the assets of the Partnership shall have been converted into cash, the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment of or due provision for the payment of all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners as provided for in Sections 6.7 6.6 and 15.511.5 hereof, and the Certificate of Limited Partnership shall have been canceled in the manner required by the Delaware Virginia RULPA.

Appears in 1 contract

Samples: Eldertrust

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