Common use of MLP Status Clause in Contracts

MLP Status. The Partnership is properly treated as a partnership for United States federal income tax purposes and has, for each taxable year beginning after December 31, 2011 during which the Partnership was in existence, met the gross income requirements of Section 7704(c)(2) of the Internal Revenue Code. The Partnership expects to meet the gross income requirements of Section 7704(c)(2) of the Code for its taxable year ending December 31, 2016.

Appears in 3 contracts

Samples: Purchase Agreement (Gainsco Inc), Purchase Agreement (Goff John C), Class a Convertible Preferred Unit (Mid-Con Energy Partners, LP)

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MLP Status. The Partnership is properly treated as a partnership for United States federal income tax purposes and has, for each taxable year beginning ending after December 31, 2011 2010, during which the Partnership was in existence, met the gross income requirements of Section 7704(c)(2) of the Internal Revenue Code of 1986, as amended (the “Code”). The Partnership expects to meet the gross income requirements of Section 7704(c)(2) of the Code for its taxable year ending December 31, 2016.

Appears in 3 contracts

Samples: Preferred Unit Purchase Agreement, Purchase Agreement (Tetra Technologies Inc), Purchase Agreement (CSI Compressco LP)

MLP Status. The Partnership is properly treated as a partnership for United States federal income tax purposes and has, for each taxable year beginning after December 31, 2011 2010 during which the Partnership was in existence, met the gross income requirements of Section 7704(c)(2) of the Internal Revenue Code. The Partnership expects to meet the gross income requirements of Section 7704(c)(2) of the Code for its taxable year ending December 31, 2016.

Appears in 2 contracts

Samples: Purchase Agreement (CSI Compressco LP), Common Unit Purchase Agreement (Rose Rock Midstream, L.P.)

MLP Status. The For the current taxable year and each taxable year during which the Partnership has been in existence, the Partnership is and has been properly treated as a partnership for United States federal income tax purposes and has, for each taxable year beginning after December 31, 2011 2010 during which the Partnership was in existence, met the gross income requirements of Section 7704(c)(2) 7704 of the Internal Revenue Code. The Partnership expects Code and the regulations promulgated thereunder from time to meet time by the gross income requirements of Section 7704(c)(2) U.S. Department of the Code for its taxable year ending December 31, 2016Treasury.

Appears in 2 contracts

Samples: Purchase Agreement (NGL Energy Partners LP), Purchase Agreement (NGL Energy Partners LP)

MLP Status. The Partnership is properly treated as a partnership for United States federal income tax purposes and has, for each taxable year beginning after December 31, 2011 2010 during which the Partnership was in existence, met the gross income requirements of Section 7704(c)(2) of the Internal Revenue Code. The Partnership expects to meet the gross income requirements of Section 7704(c)(2) of the Code for its taxable year ending December 31, 2016.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (NGL Energy Partners LP), Purchase Agreement (NGL Energy Partners LP)

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MLP Status. The Partnership is properly treated as a partnership for United States federal income tax purposes and has, for each taxable year beginning after December 31, 2011 during which the Partnership was in existence, met the gross income requirements of Section 7704(c)(2) of the Internal Revenue Code. The Partnership expects to meet the gross income requirements of Section 7704(c)(2) of the Code for its taxable year ending December 31, 20162018.

Appears in 1 contract

Samples: Convertible Preferred Unit Purchase Agreement (Mid-Con Energy Partners, LP)

MLP Status. The Partnership is is, and has been since its formation, properly treated as a partnership classified for United States U.S. federal income tax purposes as a partnership or an entity disregarded as separate from its owner in accordance with Treasury Regulation Section 301.7701-3. For the taxable year including the Partnership’s initial public offering and has, for each taxable year beginning after December 31thereafter, 2011 during which the Partnership was in existence, has met the gross income requirements of Section 7704(c)(2) of the Internal Revenue Code, and otherwise satisfied the requirements for treatment as a partnership for United States federal income tax purposes. The Partnership expects to meet the gross income these requirements of Section 7704(c)(2) of the Code for its current taxable year ending December 31, 2016year.

Appears in 1 contract

Samples: Contribution Agreement (Mid-Con Energy Partners, LP)

MLP Status. The Partnership is properly treated as a partnership for United States federal income tax purposes and has, for each taxable year beginning after December 31, 2011 during which the Partnership was in existence, met the gross income requirements of Section 7704(c)(2) of the Internal Revenue Code. The Partnership expects to meet the gross income requirements of Section 7704(c)(2) of the Code for its taxable year ending December 31, 20162017.

Appears in 1 contract

Samples: Registration Rights Agreement (Mid-Con Energy Partners, LP)

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