Allocation of Consideration. The parties will use commercially reasonable efforts to agree upon an allocation of the Consideration to the Subject Interests and further among the Assets for U.S. federal income Tax purposes in compliance with the principles of Treasury Regulation Section 1.755-1.
Appears in 2 contracts
Samples: Contribution and Simplification Agreement (Oasis Petroleum Inc.), Contribution and Simplification Agreement (Oasis Midstream Partners LP)
Allocation of Consideration. The parties will use commercially reasonable efforts to agree upon an allocation of the Consideration to the Subject Interests and further among the Assets for U.S. federal income Tax tax purposes in compliance with the principles of Section 1060 of the Code, and the Treasury Regulations thereunder, and Treasury Regulation Section 1.755-1, as applicable.
Appears in 2 contracts
Samples: Contribution Agreement (Oasis Petroleum Inc.), Contribution Agreement (Shell Midstream Partners, L.P.)
Allocation of Consideration. The parties will use commercially reasonable efforts to agree upon an allocation of the Consideration to the Subject Interests and further among for the Assets for U.S. federal income Tax tax purposes in compliance with the principles of Section 1060 of the Code, and the Treasury Regulation Section 1.755-1Regulations thereunder.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Shell Midstream Partners, L.P.)
Allocation of Consideration. The parties will use commercially reasonable efforts to agree upon an allocation of the Consideration to the Subject Interests and further among the Assets for U.S. federal income Tax tax purposes in compliance with the principles of Section 1060 of the Code, and the Treasury Regulation Section 1.755-1Regulations thereunder.
Appears in 2 contracts
Samples: Contribution Agreement (Shell Midstream Partners, L.P.), Contribution Agreement
Allocation of Consideration. The parties will use commercially reasonable efforts to agree upon an allocation of the Consideration to the Subject Interests and further among the Assets Subject Interests for U.S. federal income Tax tax purposes in compliance with the principles of Section 1060 of the Code, and the Treasury Regulations thereunder, and Treasury Regulation Section 1.755-1., as applicable. Section 6.5
Appears in 1 contract
Samples: Purchase and Sale Agreement
Allocation of Consideration. The parties will use commercially reasonable efforts to agree upon an allocation of the Consideration to the Subject Interests and further among the Assets Subject Interests for U.S. federal income Tax tax purposes in compliance with the principles of Section 1060 of the Code, and the Treasury Regulations thereunder, and Treasury Regulation Section 1.755-1, as applicable.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Shell Midstream Partners, L.P.)