Agreement for Contribution of Contributed Assets Sample Clauses

Agreement for Contribution of Contributed Assets a. Effective immediately prior to the completion of the IPO, SPLC hereby transfers, assigns, conveys and delivers to the General Partner all of its rights, title and interest in, to and under, and the General Partner accepts and takes assignment from SPLC of, the GP Contributed Assets.
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Agreement for Contribution of Contributed Assets a. Effective immediately prior to the completion of the IPO, BP Pipelines hereby contributes, transfers, assigns, conveys and delivers to BP Holdco all of its rights, title and interest in, to and under, and BP Holdco accepts, assumes and takes assignment from BP Pipelines of, the Contributed Assets, together with all rights, entitlements, privileges, obligations and liabilities arising therefrom and related thereto; provided that such acceptance and assumption shall be without prejudice to the Omnibus Agreement dated as of the Closing Date between BP Pipelines and the Partnership (the “Omnibus Agreement”); and provided further, that such contribution, transfer, assignment, conveyance and delivery is subject to the retention by BP Pipelines of the right to receive all or a portion of any distribution of cash made by XX0 XxXx, Xxxxx Rouge OpCo, Diamondback OpCo, Mars or Mardi Gras (including any distributions received by Mardi Gras from any of the Mardi Gras Joint Ventures (as defined in the Mardi Gras LLC Agreement)) to the extent such distribution is related to a period of time prior to the Closing Date (each, a “Retained Distribution”). In the event that any distribution is attributable to a period in which the Closing Date occurred, the portion of any distribution that is a Retained Distribution shall be calculated by multiplying the aggregate amount of such distribution by a fraction, the numerator of which is the number of days from the beginning of the period to (but not including) the Closing Date and the denominator of which is the total number of days in such period.
Sample 1

Related to Agreement for Contribution of Contributed Assets

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Contribution Agreement The Agent shall have received an executed counterpart of the Contribution Agreement.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Contributed Assets In accordance with Section 704(c) of the Code, income, gain, loss and deduction with respect to any property contributed to the Company with an adjusted basis for federal income tax purposes different from the initial Asset Value at which such property was accepted by the Company shall, solely for tax purposes, be allocated among the Members so as to take into account such difference in the manner required by Section 704(c) of the Code and the applicable Regulations.

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • The Contribution 4.1 The Minister will make a non-repayable Contribution to the Recipient in respect of the Project in an amount not exceeding the lesser of (a) and (b) as follows:

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Defined Contribution Plans The Company does not maintain, contribute to or have any liability under (or with respect to) any employee plan which is a tax-qualified "defined contribution plan" (as defined in Section 3(34) of ERISA), whether or not terminated.

  • Contribution of Assets Subject to and upon the terms and conditions contained herein, on the Closing Date, Dentist shall convey, transfer, deliver and assign to Pentegra or any affiliate of Pentegra designated by Pentegra all of Dentist's right, title and interest in and to those certain assets described on EXHIBIT 1.1 attached hereto (individually, "Asset", and collectively "Assets"), free and clear of all obligations, security interests, claims, liens and encumbrances, except as specifically assumed, or taken subject to, by Pentegra pursuant to SECTION 1.3(b) hereof.

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