Allocations for the TexNew Mex Shared Segment and the TexNew Mex Units. (A) For each taxable period that any TexNew Mex Units are Outstanding, immediately following the application of Section 6.1(d)(iii), the holders of the TexNew Mex Units shall be allocated, Pro Rata, gross income or gain until the aggregate amount of such items allocated to the holders of the TexNew Mex Units pursuant to this Section 6.1(d)(xii)(A) for the current taxable period and all previous taxable periods is equal to the cumulative amount of all distributions made to the holders of the TexNew Mex Units pursuant to Section 5.12(b)(iii).
Appears in 8 contracts
Samples: Sponsor Equity Restructuring Agreement (Andeavor), Agreement and Plan of Merger (Andeavor Logistics Lp), Agreement and Plan of Merger (Andeavor)
Allocations for the TexNew Mex Shared Segment and the TexNew Mex Units. (A) For each taxable period that any TexNew Mex Units are Outstandingoutstanding, immediately following the application of Section 6.1(d)(iii), the holders of the TexNew Mex Units Unitholders shall be allocated, Pro Rata, gross income or gain until the aggregate amount of such items allocated to the holders of the TexNew Mex Units Unitholders pursuant to this Section 6.1(d)(xii)(A6.1(d)(xiv)(A) for the current taxable period and all previous taxable periods is equal to the cumulative amount of all distributions made to the holders of the TexNew Mex Units Unitholders pursuant to Section 5.12(b)(iii).
Appears in 2 contracts
Samples: Agreement (MPLX Lp), Andx Merger Agreement (MPLX Lp)
