Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a), Simulated Gain for any taxable period will be treated as included in Net Income or Net Loss and allocated pursuant to Sections 6.1(a) or 6.1(b), as applicable.
Appears in 6 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement, Series B Preferred Unit Purchase Agreement (Breitburn Energy Partners LP)
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a5.5(a), Simulated Gain for any taxable period will be treated as included in either (x) Net Income or Net Loss or (y) Net Termination Gain or Net Termination Loss, as applicable, and allocated pursuant to Sections Section 6.1(a), 6.1(b) or 6.1(b6.1(c), as applicable.
Appears in 4 contracts
Sources: First Amended and Restated Agreement of Limited Partnership, Limited Partnership Agreement (New Source Energy Partners L.P.), Limited Partnership Agreement
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a5.3(a), Simulated Gain for any taxable period will shall be treated as included in either Net Income or Net Loss and allocated pursuant to Sections Section 6.1(a) or Section 6.1(b), as applicableappropriate.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Recapitalization Agreement (Kimbell Royalty Partners, LP)
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a5.4(a), Simulated Gain for any taxable period will be treated as included in either Net Income or Net Loss and allocated pursuant to Sections 6.1(a) or and 6.1(b), as applicable.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Black Stone Minerals, L.P.), Limited Partnership Agreement, Limited Partnership Agreement (Black Stone Minerals, L.P.)
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a5.4(a), Simulated Gain for any taxable period will shall be treated as included in either Net Income or Net Loss and allocated pursuant to Sections Section 6.1(a) or Section 6.1(b), as applicableappropriate.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Mach Natural Resources Lp), Agreement of Limited Partnership (Mach Natural Resources Lp), Agreement of Limited Partnership (TXO Energy Partners, L.P.)
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a5.6(a), Simulated Gain for any taxable period will shall be treated as included in either Net Income or Net Loss and allocated pursuant to Sections Section 6.1(a) or Section 6.1(b), as applicableappropriate.
Appears in 2 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement (Kimbell Royalty Partners, LP)
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a)5.4(a) of the Partnership Agreement, Simulated Gain for any taxable period will be treated as included in either Net Income or Net Loss and allocated pursuant to Sections 6.1(a) or 6.1(bParagraph 13(a)(i), as applicable.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Black Stone Minerals, L.P.), Limited Partnership Agreement (Black Stone Minerals, L.P.)
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(aSection 5.3(a), Simulated Gain for any taxable period will shall be treated as included in either Net Income or Net Loss and allocated pursuant to Sections Section 6.1(a) or Section 6.1(b), as applicableappropriate.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Kimbell Royalty Partners, LP)
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a5.4(a), Simulated Gain for any taxable period will be treated as included in either Net Income or Net Loss and allocated pursuant to Sections Section 6.1(a) or 6.1(b), as applicable.
Appears in 1 contract
Sources: Limited Partnership Agreement (Viper Energy Partners LP)