Preferential Allocations. (a) During each fiscal year of the period commencing on the Inservice Expansion Date and ending on December 31, 2009 (the "Special Allocation Period") SWPL shall receive a special allocation of Partnership gross revenues (items of gross income and gain) in accordance with the formula set forth below. For purposes of this Section 5.4(a), a fiscal year shall be a calendar year except that the first fiscal year of the above described period shall commence on the Inservice Expansion Date and end on December 31 of the calendar year in which the Inservice Expansion Date occurs. Special Revenue Allocation = Base Amount - Increased Volume Amount, where: (1) Base Amount = for each fiscal year during the Special Allocation Period, the amount specified on Schedule 5.4(a) for such fiscal year
Appears in 3 contracts
Sources: Limited Partnership Agreement (Atlas Pipeline Partners Lp), Limited Partnership Agreement (Southwestern Energy Co), Limited Partnership Agreement (Atlas Pipeline Holdings, L.P.)