Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 30 contracts
Samples: Partnership Agreement (Terryville Mineral & Royalty Partners LP), Agreement (Rice Drilling B LLC), Agreement of Limited Partnership (Black Stone Minerals, L.P.)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 19 contracts
Samples: Glass Mountain Holding, LLC, Glass Mountain Holding, LLC, Glass Mountain Holding, LLC
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction deduction, and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 4 contracts
Samples: Dorchester Minerals Lp, Dorchester Minerals Lp, Dorchester Minerals Lp
Allocations. For U.S. federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 3 contracts
Samples: Altera Infrastructure L.P., Agreement (Westlake Chemical Partners LP), Teekay Offshore Partners L.P.
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage InterestsSharing Ratios, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 3 contracts
Samples: Agreement (Encore Energy Partners LP), Agreement and Plan of Merger (Vanguard Natural Resources, LLC), Agreement and Plan of Merger (Encore Energy Partners LP)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Limited Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Arc Logistics Partners LP), Merger Agreement (Targa Pipeline Partners LP), Targa Energy LP
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction deduction, and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 3 contracts
Samples: Transaction Agreement (Hess Midstream Partners LP), Hess Midstream Partners LP, www.lw.com
Allocations. For U.S. federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto. From and after the time at which the Partnership is treated as a partnership for U. S. federal income tax purposes.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Dynagas LNG Partners LP), Seadrill Partners LLC, Seadrill Partners LLC
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their respective Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 1 contract
Allocations. For U.S. federal income tax purposes, from and after the time at which the Partnership is treated as a partnership for U.S. federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 1 contract
Samples: Agreement (Seadrill Partners LLC)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their respective Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 1 contract
Samples: Legacy Reserves Operating GP LLC
Allocations. For U.S. federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant theretothereto or pursuant to any reasonable method permitted thereunder, from and after the time at which the Partnership is treated as a partnership for U. S. federal income tax purposes.
Appears in 1 contract
Samples: Limited Partnership Agreement (Ocean Rig Partners LP)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Limited Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 1 contract
Samples: Rice Midstream Partners LP
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Partnership Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 1 contract
Samples: Penn Virginia Holding Corp
