Common use of Winding Up of the Partnership Clause in Contracts

Winding Up of the Partnership. Upon a dissolution of the Partnership, the General Partner or other Person appointed by the General Partner, shall take full account of the Partnership's assets and liabilities and the assets shall be liquidated as promptly as is consistent with obtaining the fair value thereof and as shall be necessary to timely make the distributions below described, and the proceeds therefrom, to the extent sufficient therefor, shall be applied and distributed in the following order:

Winding Up of the Partnership. Upon a dissolution of the --------------------------------- Partnership, the General Partner or other Person appointed by the General Partner, shall take full account of the Partnership's assets and liabilities and the assets shall be liquidated as promptly as is consistent with obtaining the fair value thereof and as shall be necessary to timely make the distributions below described, and the proceeds therefrom, to the extent sufficient therefor, shall be applied and distributed in the following order:

Winding Up of the Partnership. Upon a the dissolution of the Partnership, the General Partner or other Person appointed by the General Partner, Partners shall take full account of the Partnership's assets and liabilities and the assets shall be liquidated as promptly as is consistent with obtaining the fair value thereof and as shall be necessary to timely make the distributions below describedthereof, and the proceeds therefrom, to the extent sufficient therefor, shall be applied and distributed in the following order:, unless otherwise required by the Act;