Common use of Character of Payments Clause in Contracts

Character of Payments. Any payment made by ONEOK, Northern Border, or any of their respective Subsidiaries (including the Entities) under this Section 10 shall constitute an adjustment to the consideration contributed for the Units for all tax purposes.

Appears in 2 contracts

Samples: Contribution Agreement (Oneok Inc /New/), Contribution Agreement (Northern Border Partners Lp)

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Character of Payments. Any payment made by ONEOK, Northern Border, or any of their respective Subsidiaries (including the Entities) under this Section 10 shall constitute an adjustment to the consideration contributed for the Units Purchase Price for all tax purposes.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Oneok Inc /New/), Purchase and Sale Agreement (Northern Border Partners Lp)

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