Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 30 contracts
Samples: Agreement of Limited Partnership (Spectra Energy Partners, LP), Agreement of Limited Partnership (Spectra Energy Partners, LP), Limited Partnership Agreement (GPM Petroleum LP)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 19 contracts
Samples: Agreement of Limited Partnership (Glass Mountain Holding, LLC), Agreement of Limited Partnership (Glass Mountain Holding, LLC), Agreement of Limited Partnership (Glass Mountain Holding, LLC)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction deduction, and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Dorchester Minerals Lp), Limited Partnership Agreement (Dorchester Minerals Lp), Limited Partnership Agreement (Dorchester Minerals Lp)
Allocations. For U.S. federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto. From and after the time at which the Partnership is treated as a partnership for U. S. federal income tax purposes.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Dynagas LNG Partners LP), Limited Partnership Agreement (Seadrill Partners LLC), Limited Partnership Agreement (Seadrill Partners LLC)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage InterestsSharing Ratios, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 3 contracts
Samples: Agreement of Limited Partnership (Encore Energy Partners LP), Merger Agreement (Encore Energy Partners LP), Merger Agreement (Vanguard Natural Resources, LLC)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Limited Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Arc Logistics Partners LP), Limited Partnership Agreement (Targa Energy LP), Limited Partnership Agreement (Targa Pipeline Partners LP)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction deduction, and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 3 contracts
Samples: Partnership Restructuring Agreement (Hess Midstream Partners LP), Agreement of Limited Partnership (Hess Midstream Partners LP), Limited Partnership Agreement
Allocations. For U.S. federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Altera Infrastructure L.P.), Limited Partnership Agreement (Westlake Chemical Partners LP), Limited Partnership Agreement (Teekay Offshore Partners L.P.)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Partnership Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 1 contract
Samples: Limited Partnership Agreement (Penn Virginia Holding Corp)
Allocations. For U.S. federal income tax purposes, from and after the time at which the Partnership is treated as a partnership for U.S. federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 1 contract
Samples: Limited Partnership Agreement (Seadrill Partners LLC)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Limited Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 1 contract
Samples: Limited Partnership Agreement (Rice Midstream Partners LP)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their respective Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations pursuant thereto.
Appears in 1 contract
Samples: Limited Partnership Agreement (Legacy Reserves Operating GP LLC)
Allocations. For federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their respective Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant thereto.
Appears in 1 contract
Samples: Limited Partnership Agreement (Viking International Resources Co., Inc.)
Allocations. For U.S. federal income tax purposes, each item of income, gain, loss, deduction and credit of the Partnership shall be allocated among the Partners in accordance with their Percentage Interests, except that the General Partner shall have the authority to make such other allocations as are necessary and appropriate to comply with Section 704 of the Code and the regulations issued pursuant theretothereto or pursuant to any reasonable method permitted thereunder, from and after the time at which the Partnership is treated as a partnership for U. S. federal income tax purposes.
Appears in 1 contract
Samples: Limited Partnership Agreement (Ocean Rig Partners LP)
