Common use of Economic Uniformity Clause in Contracts

Economic Uniformity. (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 Reset Common Units pursuant to Section 5.11, 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 Reset Common Units issued pursuant to Section 5.11 equaling the product of (A) the Aggregate Quantity of IDR Reset Common Units and (B) the Per Unit Capital Amount for an Initial Common Unit.

Appears in 3 contracts

Samples: Agreement (Westmoreland Resource Partners, LP), Contribution Agreement (WESTMORELAND COAL Co), Agreement

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Economic Uniformity. (A) With respect to an event triggering an adjustment to the Carrying Value of Partnership property pursuant to Section 5.5(d5.4(d) during any taxable period of the Partnership ending upon, or after, the issuance of IDR Reset Common Units pursuant to Section 5.115.9, 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 Reset Common Units issued pursuant to Section 5.11 5.9 equaling the product of (Ax) the Aggregate Quantity of IDR Reset Common Units and (By) the Per Unit Capital Amount for an Initial Common Unit.

Appears in 2 contracts

Samples: Atlas Resource Partners, L.P., Atlas Energy, L.P.

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Economic Uniformity. (A) With respect to an event triggering an adjustment to the Carrying Value of Partnership property pursuant to Section 5.5(d§ 5.01(d) during any taxable period of the Partnership ending upon, or after, the issuance of IDR Reset Common Units pursuant to Section 5.11§ 4.09, 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 Reset Common Units issued pursuant to Section 5.11 § 4.09 equaling the product of (Ax) the Aggregate Quantity of IDR Reset Common Units and (By) the Per Unit Capital Amount for an Initial Common Unit.

Appears in 1 contract

Samples: Partnership Agreement (Atlas Growth Partners, L.P.)

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