Common use of Net Termination Gains and Losses Clause in Contracts

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item of income, gain, loss, deduction and Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) for each taxable period shall be allocated in the manner set forth in this Section 6.1(c). All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 7 contracts

Samples: The Agreement, Purchase Agreement (Sanchez Production Partners LP), Sanchez Midstream Partners LP

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Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) ), and Capital Account Adjustments pursuant to Section 6.1(e6.1(e)(ii), Net Termination Gain or Net Termination Loss (including a pro rata part of each item of income, gain, loss, deduction and and, to the extent provided in Section 6.1(e)(iii), Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) for each taxable period shall be allocated in the manner set forth in this Section 6.1(c). All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 4 contracts

Samples: www.lw.com, New Source Energy Partners L.P., www.lw.com

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and 6.1(c), including Section 6.1(e6.1(c)(xi)(B), Net Termination Gain or Net Termination Loss (including a pro rata part of each item of income, gain, lossSimulated Gain, loss and deduction and Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) for each such taxable period shall be allocated in the manner set forth in this Section 6.1(c6.1(b). All allocations under this Section 6.1(c6.1(b) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents Available Cash provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c6.1(b), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 4 contracts

Samples: Legacy Reserves Lp, Legacy Reserves Lp, Legacy Reserves Lp

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item all items of income, gain, loss, deduction deduction, Simulated Depletion, Simulated Gain and Simulated Gain Loss taken into account in computing Net Termination Gain or Net Termination Loss) Loss for each such taxable period shall be allocated in the same manner set forth in this Section 6.1(c)as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents Available Cash provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 2 contracts

Samples: Quest Energy Partners, L.P., EV Energy Partners, LP

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and or Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item all items of income, gain, loss, deduction and Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) Loss for each such taxable period shall be allocated in the same manner as such Net Termination Gain or Net Termination Loss is allocated in the manner set forth in this Section 6.1(c). All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents Available Cash provided under Section 5.9, Section 6.3, Section Sections 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 2 contracts

Samples: Central Energy Partners Lp, Central Energy Partners Lp

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and the guaranteed payments set forth in Section 6.1(e6.1(d)(iii)(A), Net Termination Gain or Net Termination Loss (including a pro rata part of each item all items of income, gain, loss, loss and deduction and Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) Loss for each such taxable period shall be allocated in the same manner set forth in this Section 6.1(c)as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents Available Cash provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 2 contracts

Samples: Blueknight Energy Partners, L.P., Blueknight Energy Partners, L.P.

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item of income, gain, loss, loss and deduction and Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) for each taxable period shall be allocated in the manner set forth in this Section 6.1(c). All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.411.3.

Appears in 1 contract

Samples: Agreement (New Source Energy Partners L.P.)

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item all items of income, gain, loss, deduction deduction, Simulated Depletion, 50 Simulated Gain and Simulated Gain Loss taken into account in computing Net Termination Gain or Net Termination Loss) Loss for each such taxable period shall be allocated in the same manner set forth in this Section 6.1(c)as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents Available Cash provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 1 contract

Samples: Quest Energy Partners, L.P.

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item of income, gain, loss, deduction and Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) for each taxable period shall be allocated in the manner set forth in this Section 6.1(c). All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 1 contract

Samples: New Source Energy Partners L.P.

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Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item of income, gain, loss, deduction and Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) for each taxable period shall be allocated in the manner set forth in this Section 6.1(c). All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

Appears in 1 contract

Samples: Sanchez Production Partners LP

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item all items of income, gain, loss, deduction deduction, Simulated Depletion, Simulated Gain and Simulated Gain Loss taken into account in computing Net Termination Gain or Net Termination Loss) Loss for each such taxable period shall be allocated in the same manner set forth in this Section 6.1(c)as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents Available Cash provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.411.3.

Appears in 1 contract

Samples: Operating Agreement (Atlas Energy Resources, LLC)

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e), Net Termination Gain or Net Termination Loss (including a pro rata part of each item all items of income, gain, loss, deduction deduction, Simulated Depletion, Simulated Gain and Simulated Gain Loss taken into account in computing Net Termination Gain or Net Termination Loss) Loss for each such taxable period shall be allocated in the same manner set forth in this Section 6.1(c)as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 6.3 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.46.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Legacy Reserves L P)

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and Section 6.1(e6.1(c), Net Termination Gain or Net Termination Loss (including a pro rata part of each item Section 6.1(c)(ix)(B), all items of income, gain, loss, deduction deduction, Simulated Depletion, Simulated Gain and Simulated Gain Loss taken into account in computing Net Termination Gain or Net Termination Loss) Loss for each such taxable period shall be allocated in the same manner set forth in this Section 6.1(c)as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c6.1(b) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents Available Cash provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 6.3 have been made; provided, however, that solely for purposes of this Section 6.1(c6.1(b), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.412.4(c).

Appears in 1 contract

Samples: Legacy Reserves Lp

Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d) and the guaranteed payments set forth in Section 6.1(e6.1(d)(iii)(A), Net Termination Gain or Net Termination Loss (including a pro rata part of each item all items of income, gain, loss, loss and deduction and Simulated Gain taken into account in computing Net Termination Gain or Net Termination Loss) Loss for each such taxable period shall be allocated in the same manner set forth in this Section 6.1(c)as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of cash and cash equivalents Available Cash provided under Section 5.9, Section 6.3, Section 6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.. 69

Appears in 1 contract

Samples: Global Transaction Agreement (Blueknight Energy Partners, L.P.)

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