Deemed Sale Gain/Loss Charge Back. The FMV of all Partnership properties shall be determined and the gain or loss for each property, which would have resulted if sold at such FMV, shall be allocated in accordance with Secs. 6.1.5 and 6.1.6.
Appears in 4 contracts
Samples: Exploration and Development Agreement (ZaZa Energy Corp), Asset Purchase Agreement (Ausam Energy Corp), Operating Agreement (Velocity Oil & Gas, Inc.)
Deemed Sale Gain/Loss Charge Back. The FMV of all Partnership properties shall be determined and the gain or loss for each property, which would have resulted if sold at such FMV, shall be allocated in accordance with Secs. 6.1.5 Sections 6.1.4 and 6.1.66.1.5.
Appears in 3 contracts
Samples: Gas Gathering Agreement (Epsilon Energy Ltd.), Gas Gathering Agreement (Epsilon Energy Ltd.), Gas Gathering Agreement (Epsilon Energy Ltd.)
Deemed Sale Gain/Loss Charge Back. The FMV of all Partnership properties shall be determined and the gain or loss for each property, which would have resulted if sold at such FMV, shall be allocated in accordance with Secs. 6.1.5 and 6.1.6.
Appears in 2 contracts
Samples: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC)
Deemed Sale Gain/Loss Charge Back. The FMV of all Partnership properties shall be determined and the gain or loss for each property, which would have resulted if sold at such FMV, shall be allocated in accordance with SecsSees. 6.1.5 and 6.1.6.
Appears in 1 contract
Samples: Exploration and Development Agreement (ZaZa Energy Corp)
