Common use of Termination of the Partnership Clause in Contracts

Termination of the Partnership. The Partnership shall terminate when all assets of the Partnership, after payment or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

Appears in 19 contracts

Samples: Limited Partnership Agreement (Natural Resource Partners Lp), Limited Partnership Agreement (Natural Resource Partners Lp), Limited Partnership Agreement (Plains All American Pipeline Lp)

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Termination of the Partnership. The Upon the completion of the liquidation of the Partnership and the distribution of all Partnership assets, the Partnership's affairs shall terminate and the Partnership shall terminate when all assets cause to be executed and filed a Certificate of Cancellation of the Partnership's Certificate of Limited Partnership pursuant to the Act, after payment or due provision for as well as any and all debts, liabilities and obligations other documents required to effectuate the termination of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Geon Co), Lyondell Chemical Co, Occidental Petroleum Corp /De/

Termination of the Partnership. The Upon the completion of the liquidation of the Partnership and the distribution of all Partnership assets, the Partnership’s affairs shall terminate and the Partnership shall terminate when all assets cause to be executed and filed a Certificate of Cancellation of the Partnership’s Certificate of Limited Partnership pursuant to the Act, after payment or due provision for as well as any and all debts, liabilities and obligations other documents required to effectuate the termination of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

Appears in 5 contracts

Samples: Lease Agreement (Equistar Chemicals Lp), Agreement (Equistar Chemicals Lp), Lease Agreement (Millennium Chemicals Inc)

Termination of the Partnership. The Upon the completion of the liquidation ------------------------------ of the Partnership and the distribution of all Partnership assets, the Partnership's affairs shall terminate and the Partnership shall terminate when all assets cause to be executed and filed a Certificate of Cancellation of the Partnership's Certificate of Limited Partnership pursuant to the Act, after payment or due provision for as well as any and all debts, liabilities and obligations other documents required to effectuate the termination of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

Appears in 2 contracts

Samples: Lease Agreement (Lyondell Chemical Co), Lease Agreement (Equistar Chemicals Lp)

Termination of the Partnership. The Partnership shall terminate when all assets of the Partnership, after payment or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the ------------ manner required by the Act.

Appears in 1 contract

Samples: Limited Partnership Agreement (Plains All American Pipeline Lp)

Termination of the Partnership. The Upon the completion of the dissolution and winding-up of the Partnership and the distribution of all Partnership assets, the Partnership’s affairs shall terminate and the Partnership shall terminate when cause to be executed and filed a Certificate of Cancellation of the Certificate pursuant to the Act, as well as any and all assets other documents required to effectuate the termination of the Partnership. Xxxx-Xxxxxxx Exploration II, after payment or due provision for all debts, liabilities L.P. Amended and obligations Restated Agreement of the Limited Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

Appears in 1 contract

Samples: Defined Terms (Petro Resources Corp)

Termination of the Partnership. The Upon the completion of the ------------------------------ liquidation of the Partnership and the distribution of all Partnership assets, the Partnership's affairs shall terminate and the Partnership shall terminate when all assets cause to be executed and filed a Certificate of Cancellation of the Partnership's Certificate of Limited Partnership pursuant to the Act, after payment or due provision for as well as any and all debts, liabilities and obligations other documents required to effectuate the termination of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the Act.

Appears in 1 contract

Samples: Lease Agreement (Equistar Funding Corp)

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Termination of the Partnership. The Partnership shall terminate when all Partnership Property shall have been disposed of (except for any liquid assets not so disposed of), and the net proceeds therefrom, as well as any other liquid assets of the Partnership, after payment or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner as provided for in this Article VIII, XII and the Certificate shall have been canceled in the manner required by accordance with the Act.

Appears in 1 contract

Samples: Agreement

Termination of the Partnership. The Partnership shall terminate when all of the assets of the Partnership, after payment of, or due provision for for, all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIII, 8 and the Certificate of Limited Partnership shall have been canceled in the manner required by the Act.

Appears in 1 contract

Samples: Agreement (Astra Ab /Adr/)

Termination of the Partnership. The Partnership shall terminate when all assets of owned by the PartnershipPartnership shall have been disposed of, and the net proceeds therefrom, after payment of, or due provision for for, all debts, liabilities and obligations of the PartnershipPartnership to creditors, shall have been distributed to the Partners as provided in the manner provided for in this Article VIII, and the Certificate shall have been canceled in the manner required by the ActSection 17.

Appears in 1 contract

Samples: Urban Improvement Fund LTD 1974

Termination of the Partnership. The Partnership shall terminate when all assets Properties of the Partnership, after payment or due provision for all debts, liabilities and obligations of the Partnership, shall have been distributed to the Partners in the manner provided for in this Article VIIIVI, and the Certificate shall have been canceled in the manner required by the Act.

Appears in 1 contract

Samples: Agreement of Limited (K Hovnanian Enterprises Inc)

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