Examples of KERR in a sentence
Based on management’s assessment, Harvest concluded that both joint arrangements are joint ventures as neither KERR nor Harvest has a direct interest in the underlying assets or liabilities.
On April 23, 2014, Harvest entered into two joint arrangements with KERR Canada Co. Ltd.
EXHIBIT 23.1 CONSENT OF PANNELL KERR FORSTER We hereby consent to the inclusion in the Registration Statement on Form S-3 of JAKKS Pacific, Inc.
TX SHELBY 42.01048.0BV LOUISE KERR KING ENCORE OPERATING, LP 10/30/2009 2009010107 48.60 AC (RE-SURVEYED), ORIGINALLY CALLED 65 ACRES, MORE OR LESS, BEING 35 ACRES IN THE DANIEL HOPKINS SURVEY A-302 AND 30 ACRES IN THE W C ALVICE SURVEY A-20, SHELBY COUNTY, TEXAS, AROUND AND NEAR ARCADIA, AND BEING THAT CERTAIN LAND DESCRIBED IN WARRANTY DEED DATED 05-04-1936 FROM MRS.
As KERR’s ownership interest in DBP is considered a liability and not an equity interest, Harvest’s unrecognized dilution gain on the transaction of approximately $91.5 million will be recognized over 10.5 years based on KERR’s interest being converted to equity as distributions are made to KERR during the term.
As described under note 3, on April 23, 2014, Harvest entered into the DBP and HKMS joint ventures with KERR.
A different conclusion about both joint control and whether the arrangement is a joint venture or joint operation may materially impact the accounting.On April 23, 2014, Harvest entered into two joint arrangements with KERR Canada Co. Ltd.
Once KERR achieves the minimum after-tax internal rate of return on its investment, Harvest is entitled to increased return on its investment.HKMS was formed for the purposes of constructing and operating a gas processing facility, which will be primarily used to process the gas produced from the properties owned by the Deep Basin Partnership.
On April 23, 2014, Harvest entered into the DBP and HKMS joint ventures with KERR.
On April 23, 2014, Harvest contributed certain producing and non-producing properties to DBP in exchange for 467,386,000 of common partnership units (82.32% ownership interest), while KERR contributed $100.4 million for 100,368,000 preferred partnership units (17.68% ownership interest).