Common use of Consideration Adjustment Clause in Contracts

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX as adjustments to the Cash Distribution for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 11 contracts

Samples: Contribution Agreement (PBF Energy Inc.), Contribution Agreement, Contribution Agreement (Spectra Energy Partners, LP)

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Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VIII as adjustments to the Cash Distribution Consideration for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 11 contracts

Samples: Contribution, Conveyance and Assumption Agreement (Western Refining, Inc.), Services Agreement (Phillips 66 Partners Lp), Contribution, Conveyance and Assumption Agreement

Consideration Adjustment. The Parties agree to treat all any payments made pursuant to this Article IX VIII as adjustments an adjustment to the Cash Distribution Consideration for all Tax purposes, except as otherwise required by applicable Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdictionFinal Determination.

Appears in 6 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Rice Midstream Partners LP), Purchase and Sale Agreement (Rice Energy Inc.)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VIII or pursuant to Article VIII of the Prior Contribution Agreement as adjustments to the Cash Distribution consideration set forth in Section 2.2 of this Agreement or the Prior Contribution Agreement, as reasonably agreed to between the Parties, for U.S. federal income Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 2 contracts

Samples: Assignment and Assumption of Note, Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VIII as adjustments to the Cash Distribution consideration set forth in Section 2.2 for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 2 contracts

Samples: Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp), Contribution, Conveyance and Assumption Agreement

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VIII as adjustments to the Cash Distribution consideration set forth in Section 2.2 for U.S. federal income Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 2 contracts

Samples: Contribution, Conveyance and Assumption Agreement, Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp)

Consideration Adjustment. The Parties agree to treat all any payments made pursuant to this Article IX VIII as adjustments an adjustment to the Cash Distribution Consideration for all Tax purposes, except as otherwise required by applicable Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdictionFinal Determination.

Appears in 2 contracts

Samples: Services Agreement, Water Services Agreement (ANTERO RESOURCES Corp)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VIII as adjustments to the Cash Distribution consideration set forth in Section 2.2 of this Agreement, as reasonably agreed to between the Parties, for U.S. federal income Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 2 contracts

Samples: Contribution, Conveyance and Assumption Agreement, Shared Services Agreement (Phillips 66 Partners Lp)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VII as adjustments to the Cash Distribution Consideration for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Contribution, Conveyance and Assumption Agreement (Western Refining, Inc.)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX as adjustments to the Cash Distribution consideration for Tax tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Recapitalization Agreement (Kimbell Royalty Partners, LP)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VIII as adjustments to the Cash Distribution Consideration for Tax purposes, except as otherwise required by applicable Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Contribution, Conveyance and Assumption Agreement (EnLink Midstream Partners, LP)

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Consideration Adjustment. The Parties agree to treat all payments made pursuant to Section 5.3 and this Article IX VIII as adjustments to the Cash Distribution consideration payable pursuant to Section 2.2 for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Operational Services Agreement (Phillips 66 Partners Lp)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VIII as adjustments to the Cash Distribution Consideration for Tax purposes, except as 39 otherwise required by applicable Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Contribution, Conveyance and Assumption Agreement

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX as adjustments to the Cash Distribution purchase price for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Contribution Agreement (Hi-Crush Partners LP)

Consideration Adjustment. The Parties agree to treat all any payments made pursuant to this Article IX VII as adjustments an adjustment to the Cash Distribution Consideration for all Tax purposes, except as otherwise required by applicable Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdictionFinal Determination.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (USD Partners LP)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VIII as adjustments to the Cash Distribution for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Contribution Agreement (PBF Energy Co LLC)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX VII as adjustments to the Cash Distribution Purchase Price for Tax purposes, except as otherwise required by applicable Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adams Resources & Energy, Inc.)

Consideration Adjustment. The Parties agree to treat all payments made pursuant to this Article IX as adjustments to the Cash Distribution consideration for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

Appears in 1 contract

Samples: Contribution Agreement (PBF Logistics LP)

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