Common use of PTP Clause in Contracts

PTP. No Disposition shall be permitted if such Disposition would result in the Company’s being treated as a publicly traded partnership subject to tax as an association for U.S. federal income tax purposes.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (NextEra Energy Partners, LP), Membership Interest Purchase Agreement (NextEra Energy Partners, LP), Limited Liability Company Agreement (NextEra Energy Partners, LP)

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PTP. No Disposition shall be permitted if such Disposition would result in the Company’s being treated as a publicly traded partnership subject to tax Tax as an association for U.S. federal income tax Tax purposes.

Appears in 5 contracts

Samples: Build Out Agreement (NextEra Energy Partners, LP), Limited Liability Company Agreement (Nextera Energy Partners, Lp), Limited Liability Company Agreement (NextEra Energy Partners, LP)

PTP. No Disposition shall be permitted if such Disposition would result in the Company’s being treated as a publicly traded partnership subject to tax Tax as an association for U.S. federal income tax purposes.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Nextera Energy Partners, Lp), Purchase and Sale Agreement (Nextera Energy Partners, Lp)

PTP. No Disposition shall be permitted if such Disposition would result in the Company’s Company being treated as a publicly traded partnership subject to tax as an association for U.S. federal income tax purposes.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NextEra Energy Partners, LP), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)

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PTP. No Disposition shall be permitted if such Disposition would result in the Company’s being treated as a publicly traded partnership subject to tax as an association for U.S. federal income tax purposespurposes pursuant to Section 7704 of the Code.

Appears in 1 contract

Samples: Build Out Agreement (NextEra Energy Partners, LP)

PTP. No Disposition shall be permitted if such Disposition would result in the Company’s being treated as a publicly traded partnership subject to tax as an association for U.S. federal income tax purposes.. 853984.14-WILSR01A - MSW

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (NextEra Energy Partners, LP)

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