Distributions of Net Cash Flow in the Context of a Dissolution and Termination of the Partnership Sample Clauses

This clause defines how the remaining net cash flow of a partnership is to be distributed among partners when the partnership is dissolved and terminated. It typically outlines the order of payments, such as settling outstanding debts, reimbursing partner loans, and then distributing any remaining funds according to each partner’s ownership interest. By establishing a clear process for distributing assets, the clause ensures fairness and transparency, preventing disputes and confusion during the winding-up of the partnership.
Distributions of Net Cash Flow in the Context of a Dissolution and Termination of the Partnership. Distributions of Net Cash Flow upon the dissolution and termination of the Partnership shall be made in accordance with the provisions of Section 14.3.
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