FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making distributions under this Section 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 4 contracts
Samples: Tax Partnership Agreement (Rex Energy Corp), Area Four Tax Partnership Agreement (Rex Energy Corp), Area Three Tax Partnership Agreement (Rex Energy Corp)
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making distributions a distribution under this Section 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 4 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.)
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making distributions a distribution under this Section Sec. 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 3 contracts
Samples: Exploration and Development Agreement (ZaZa Energy Corp), Exploration and Development Agreement (ZaZa Energy Corp), Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making distributions a distribution under this Section Sec. 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 2 contracts
Samples: Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Exploration Participation Agreement (Ridgewood Energy P Fund LLC)
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making a distributions under this Section Sec. 7, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 1 contract
FMV DETERMINATION. If a property is to be valued for purposes of balancing the capital accounts and making a distributions under this Section 7Sec. 0, the Parties must first attempt to agree on the FMV of the property; failing such an agreement, the TRP shall cause a nationally recognized independent engineering firm to prepare an appraisal of the FMV of such property.
Appears in 1 contract
