Common use of Dissolution and Termination Clause in Contracts

Dissolution and Termination. Dissolution shall occur upon the occurrence of any of the events described in Section 7 of this Agreement. Upon dissolution, the assets shall be liquidated in due course and distributed as provided in Subsection 3.3(c)(i) hereof. The Venture shall continue until termination in accordance with the relevant dissolution and termination provisions of the Georgia Uniform Partnership Act.

Appears in 4 contracts

Sources: Joint Venture Partnership Agreement (Wells Real Estate Fund Xiii L P), Joint Venture Agreement (Wells Real Estate Investment Trust Inc), Joint Venture Agreement (Wells Real Estate Investment Trust Inc)

Dissolution and Termination. Dissolution shall occur upon --------------------------- the occurrence of any of the events described in Section 7 of this Agreement. Upon dissolution, the assets shall be liquidated in due course and distributed as provided in Subsection 3.3(c)(i) hereof. The Venture shall continue until termination in accordance with the relevant dissolution and termination provisions of the Georgia Uniform Partnership Act.

Appears in 4 contracts

Sources: Joint Venture Partnership Agreement, Joint Venture Partnership Agreement (Wells Real Estate Fund Xii Lp), Joint Venture Partnership Agreement (Wells Real Estate Investment Trust Inc)

Dissolution and Termination. Dissolution shall occur upon the --------------------------- occurrence of any of the events described in Section 7 of this Agreement. Upon dissolution, the assets shall be liquidated in due course and distributed as provided in Subsection 3.3(c)(i) hereof. The Venture shall continue until termination in accordance with the relevant dissolution and termination provisions of the Georgia Uniform Partnership Act.

Appears in 2 contracts

Sources: Joint Venture Agreement (Wells Real Estate Fund Xi L P), Joint Venture Agreement (Wells Real Estate Investment Trust Inc)