Common use of Simulated Depletion and Simulated Loss Clause in Contracts

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i).

Appears in 6 contracts

Samples: Series B Preferred Unit Purchase Agreement (Breitburn Energy Partners LP), Purchase Agreement (Breitburn Energy Partners LP), www.lw.com

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Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.5(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i).

Appears in 4 contracts

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

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.6(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i6.1(d)(i).

Appears in 4 contracts

Samples: www.sec.gov, Kimbell Royalty Partners, LP, Kimbell Royalty Partners, LP

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.4(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i).

Appears in 3 contracts

Samples: Black Stone Minerals, L.P., www.lw.com, Black Stone Minerals, L.P.

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.4(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i6.1(d)(i).

Appears in 3 contracts

Samples: Mach Natural Resources Lp, Mach Natural Resources Lp, TXO Energy Partners, L.P.

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.3(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Partnership Code) of the Company shall reduce each PartnerMember’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners Members pursuant to of Section 6.1(e)(i6.1(d)(i).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP)

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a)5.4(a) of the Partnership Agreement, Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(iParagraph 13(a)(iv)(1).

Appears in 2 contracts

Samples: Black Stone Minerals, L.P., Black Stone Minerals, L.P.

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Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.3(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Partnership Code) of the Company shall reduce each Partner’s Member's Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners Members pursuant to of Section 6.1(e)(i6.1(d)(i).

Appears in 1 contract

Samples: Recapitalization Agreement (Kimbell Royalty Partners, LP)

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.4(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i6.1(c)(i).

Appears in 1 contract

Samples: Viper Energy Partners LP

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.3(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Partnership Code) of the Company shall reduce each PartnerMember’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners Members pursuant to of Section 6.1(e)(i6.1(c)(i).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Viper Energy Partners LP)

Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a‎Section 5.3(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Partnership Code) of the Company shall reduce each PartnerMember’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners Members pursuant to of Section 6.1(e)(i‎Section 6.1(d)(i).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP)

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