Assumed Liquidation Value definition
Assumed Liquidation Value with respect to a Limited Partnership Interest means the amount, as reasonably determined by the General Partner, that would be received with respect to such interest if the Partnership sold all of its assets and business for the Appraised Value on the Exchange Date and immediately thereafter the Partnership paid all liabilities and obligations of the Partnership, and deducted customary closing costs that would be associated with a third party sale, and distributed the net proceeds to each Partner in liquidation of the Partnership pursuant to Section 13.2 hereof.