TERMINATION OF THE TAX PARTNERSHIP. 7.1.1. Upon termination, as provided in Code § 708(b)(1)(A), the business shall be wound-up and concluded, and the assets shall be distributed to the Parties as described below by the end of such calendar year (or, if later, within ninety (90) days after the date of such termination). The assets shall be valued and distributed to the Parties in the order provided in Sections 7.1.2, 7.5, and 7.7
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Samples: Participation and Exploration Agreement (Rex Energy Corp), Participation and Exploration Agreement (Rex Energy Corp), Participation and Exploration Agreement (Rex Energy Corp)
TERMINATION OF THE TAX PARTNERSHIP. 7.1.1. 7.1.1 Upon termination, as provided in Code § 708(b)(1)(A), the business shall be wound-up and concluded, and the assets shall be distributed to the Parties as described below by the end of such calendar year (or, if later, within ninety (90) days after the date of such termination). The assets shall be valued and distributed to the Parties in the order provided in Sections 7.1.2, 7.5, and 7.7.
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