Common use of Termination of Interest Clause in Contracts

Termination of Interest. The distribution of cash or property to a Partner in accordance with the provisions of this Article constitutes a complete return to the Partner of its capital contributions and a complete distribution to the Partner in respect of its Partnership Interest and all the Partnership's property and constitutes a compromise to which all Partners have consented for purposes of the Partnership Act. To the extent that a Partner returns funds to the Partnership, it has no claim against any other Partner for those funds.