Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 51 contracts
Samples: Assignment and Assumption Agreement (USD Partners LP), Agreement, USD Partners LP
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Partners, Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 20 contracts
Samples: Partnership Agreement (CVR Refining, LP), www.sec.gov, Emerge Energy Services LP
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy satisfies such requirements.
Appears in 20 contracts
Samples: Agreement, Exchange Agreement (CNX Resources Corp), Sharing Agreement (Phillips 66 Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Unitholders Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy satisfies such requirements.
Appears in 14 contracts
Samples: Partnership Agreement (JP Energy Partners LP), Landmark Infrastructure Partners LP, Armada Enterprises Lp
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy satisfies such requirements.
Appears in 12 contracts
Samples: Contribution and Simplification Agreement (Oasis Midstream Partners LP), Contribution and Simplification Agreement (Noble Midstream Partners LP), Transaction Agreement (Hess Midstream Partners LP)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Common Unitholders, Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 4 contracts
Samples: www.sec.gov, Kimbell Royalty Partners, LP, Black Stone Minerals, L.P.
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Ratapro rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 4 contracts
Samples: Amended and Restated Agreement (Harbinger Group Inc.), Agreement (Harbinger Group Inc.), Agreement (Exco Resources Inc)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Common Unitholders Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 3 contracts
Samples: Purchase Agreement (Sanchez Production Partners LP), Sanchez Midstream Partners LP, Sanchez Production Partners LP
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the 104 Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 2 contracts
Samples: Purchase Agreement (NGL Energy Partners LP), NGL Energy Partners LP
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.. Oiltanking Partners, L.P. First Amended and Restated Agreement of Limited Partnership 49
Appears in 1 contract
Samples: Oiltanking Partners, L.P.
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners holding Outstanding Common Units Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy satisfies such requirements.. [Form of Second Amended and Restated Agreement of Limited Partnership]
Appears in 1 contract
Samples: Registration Rights Agreement (Phillips 66 Partners Lp)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Limited Partners Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
Samples: Memorial Production Partners LP
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy satisfies such requirements.. BP MIDSTREAM PARTNERS LP AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
Appears in 1 contract
Samples: Agreement (BP Midstream Partners LP)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the Partnership’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.
Appears in 1 contract
