Common use of Final Distribution Clause in Contracts

Final Distribution. After the FMV capital accounts of the Parties have been adjusted pursuant to Sections 7.2 to 7.5, all remaining property and interests then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.

Appears in 5 contracts

Samples: Operating Agreement (Alamo Energy Corp.), Tax Partnership Agreement (Rex Energy Corp), Area Four Tax Partnership Agreement (Rex Energy Corp)

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Final Distribution. After the FMV capital accounts of the Parties have been adjusted pursuant to Sections 7.2 to through 7.5, all remaining property and interests then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.

Appears in 3 contracts

Samples: Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.), Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.), Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.)

Final Distribution. After the FMV capital accounts of the Parties have been adjusted pursuant to Sections 7.2 Secs. 7 to 7.5, all remaining property and interests then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.. JOA - Exhibit "F"

Appears in 2 contracts

Samples: Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Exploration Participation Agreement (Ridgewood Energy P Fund LLC)

Final Distribution. After the FMV capital accounts of the Parties have been adjusted pursuant to Sections 7.2 Secs.7.2 to 7.5, all remaining property and interests then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.

Appears in 2 contracts

Samples: Exploration and Development Agreement (ZaZa Energy Corp), Exploration and Development Agreement (ZaZa Energy Corp)

Final Distribution. After Third, after the FMV capital accounts of the Parties have been adjusted adjusted, pursuant to Sections 7.2 to 7.5Sec. 8.3 above, all other or remaining property and interests interest then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.

Appears in 1 contract

Samples: Exploration Agreement (Cheniere Energy Inc)

Final Distribution. After the FMV capital accounts of the Parties have been adjusted pursuant to Sections Sees. 7.2 to 7.5, all remaining property and interests then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)

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Final Distribution. After the FMV capital accounts of the Parties have been adjusted pursuant to Sections Secs. 7.2 to 7.5, all remaining property and interests then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.

Appears in 1 contract

Samples: Participation Agreement (Velocity Oil & Gas, Inc.)

Final Distribution. After the FMV capital accounts of the Parties have been adjusted pursuant to Sections 7.2 to 7.5Section 7.3, all remaining property and interests then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

Final Distribution. After the FMV capital accounts of the Parties have been adjusted pursuant to Sections 7.2 Secs. 0 to 7.50, all remaining property and interests then held by the Tax Partnership shall be distributed to the Parties in accordance with their positive FMV capital account balances.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ausam Energy Corp)

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