Common use of Corrective Allocations Clause in Contracts

Corrective Allocations. In the case of any allocation of Additional Book Basis Derivative Items consisting of depreciation, amortization or any other form of cost recovery, the Partnership shall apply a “keep your own” methodology with respect to the Class D Units prior to its Class D Unit Conversion Effective Date and allocate such items as provided in Section 6.1(d)(xi).

Appears in 3 contracts

Sources: Third Amended and Restated Agreement of Limited Partnership (Energy Transfer LP), Amendment No. 4 to Third Amended and Restated Agreement of Limited Partnership, Third Amended and Restated Agreement of Limited Partnership (Energy Transfer Equity, L.P.)