Common use of MAP ACCOUNTS RECEIVABLE Clause in Contracts

MAP ACCOUNTS RECEIVABLE. In order to effect the MAP Partial Redemption, MAP shall have available for distribution at Closing accounts receivable, each with a Federal income Tax basis no less than its face amount, of MAP with a total Value equal to the AR Amount (calculated without giving effect to any increase in the MAP Partial Redemption Amount pursuant to the second sentence of Section 1.01).

Appears in 4 contracts

Samples: Master Agreement (Marathon Oil Corp), Master Agreement (Marathon Oil Corp), Master Agreement (Ashland Inc)

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