B hereof. In the event of the Liquidation of the Partnership, except as provided below, all assets of the Partnership to be distributed to the Partners shall be distributed in liquidation no later than the last day of the Partnership fiscal year in which such Liquidation occurs (or, if later, within ninety (90) days of the date of Liquidation). Notwithstanding the above, if there is a Liquidation of the Partnership solely because fifty percent (50%) or more of the total interests in the Partnership capital and profits were sold or exchanged within a twelve-month period, the assets of the Partnership shall not be actually distributed in liquidation solely as a result of such occurrence (and no Partner shall have the right to demand a distribution solely by reason of such occurrence). The assets to be distributed in liquidation shall be distributed in the following order of priority:
Appears in 2 contracts
Sources: Joint Venture Agreement (Vistana Inc), Limited Partnership Agreement (Vistana Inc)