Common use of Economic Uniformity; Changes in Law Clause in Contracts

Economic Uniformity; Changes in Law. (A) With respect to an event triggering an adjustment to the Carrying Value of Partnership property pursuant to Section 5.5(d) during any taxable period of the Partnership ending upon, or after, the issuance of IDR-Related Units, any Unrealized Gains and Unrealized Losses shall be allocated among the Partners in a manner that to the nearest extent possible results in the Capital Accounts maintained with respect to such IDR-Related Units equaling the product of (A) the aggregate quantity of such IDR-Related Units and (B) the Per Unit Capital Amount for a Unit.

Appears in 4 contracts

Samples: Legacy Reserves Lp, Legacy Reserves Lp, Legacy Reserves Lp

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