Common use of Termination of the Partnership Clause in Contracts

Termination of the Partnership. The General Partner may dissolve the Partnership at any time on not less than 60 days’ notice of the dissolution date given to the other Partners. Upon the dissolution of the Partnership, the Partners’ respective interests in the Partnership shall be valued and settled in accordance with the procedures set forth in Sections, 6.5, which provide for allocations to the GP-Related Capital Accounts of the Partners and distributions in accordance with the capital account balances of the Partners.

Appears in 7 contracts

Samples: Blackstone Group L.P., Blackstone Group Inc, Blackstone Group Inc

AutoNDA by SimpleDocs

Termination of the Partnership. The General Partner may dissolve the Partnership at any time on not less than 60 days’ notice of the dissolution date given to the other Partners. Upon the dissolution of the Partnership, the Partners’ respective interests in the Partnership shall be valued and settled in accordance with the procedures set forth in Sections, Section 6.5, which provide provides for allocations to the GP-Related Capital Accounts of the Partners and distributions in accordance with the capital account balances of the Partners.

Appears in 5 contracts

Samples: Highly (Blackstone Group L.P.), Agreement (Blackstone Group Inc), Blackstone Group L.P.

AutoNDA by SimpleDocs

Termination of the Partnership. The General Partner may dissolve the Partnership at any time on not less than 60 days’ giving notice of the dissolution date given to the other Partners. Upon the dissolution of the Partnership, the Partners’ respective interests in the Partnership shall be valued and settled in accordance with the procedures set forth in Sections, Section 6.5, which provide provides for allocations to the GP-Related Capital Accounts of the Partners and distributions in accordance with the capital account balances of the Partners.

Appears in 2 contracts

Samples: Blackstone Group L.P., Blackstone Group L.P.

Time is Money Join Law Insider Premium to draft better contracts faster.