Common use of Dissolution and Termination of the Partnership Clause in Contracts

Dissolution and Termination of the Partnership. The Partnership shall be dissolved and its affairs shall be wound up upon the happening of the first to occur of the following: a. On a date designated by the Partners and approved by Vote of Partners; b. The sale or other disposition of all of the Partnership’s assets and the receipt in cash of the proceeds thereof; c. One of the Partners committed an illegal or unapproved action; d. [OTHER]

Appears in 2 contracts

Sources: Partnership Agreement, Partnership Agreement