Date of Liquidation. The Company shall be deemed liquidated and wound ------------------- up when all of its assets shall have been applied and distributed in accordance with the provisions of Section 15.2 hereof. The establishment of any reserves in accordance with the provisions of Section 15.2 hereof shall not have the effect of extending the duration of the Company, but any such reserves shall be distributed in the manner provided in Section 15.2 hereof upon expiration of the period of such reserve.
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Sources: Operating Agreement (Highwoods Realty LTD Partnership)
Date of Liquidation. The Company shall be deemed liquidated and ------------------- wound ------------------- up when all of its assets shall have been applied and distributed in accordance with the provisions of Section 15.2 23.2 hereof. The establishment of any reserves in accordance with the provisions of Section 15.2 23.2 hereof shall not have the effect of extending the duration of the Company, but any such reserves shall be distributed in the manner provided in Section 15.2 23.2 hereof upon expiration of the period of such reserve.
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