Common use of Cost Basis Information Clause in Contracts

Cost Basis Information. For purposes of Section 6045B of the Code and the Treasury Regulations thereunder, the Partnership shall record the cost basis for Warrant Units issued KE 47847727 pursuant to a cashless exercise at the time the Partnership confirms the number of Warrant Units issuable in connection with the cashless exercise.

Appears in 2 contracts

Samples: Warrant Agreement (Teekay Offshore Partners L.P.), Warrant Agreement (Teekay Corp)

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Cost Basis Information. For purposes of Section 6045B of the Code and the Treasury Regulations thereunder, the Partnership shall record the cost basis for Warrant Units issued KE 47847727 pursuant to a cashless exercise at the time the Partnership confirms the number of Warrant Units issuable in connection with the cashless exercise.

Appears in 2 contracts

Samples: Warrant Agreement (Teekay Offshore Partners L.P.), Warrant Agreement (Teekay Offshore Partners L.P.)

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