Common use of Redemption Schedules Clause in Contracts

Redemption Schedules. Within ninety (90) calendar days after the filing of the Corporate Taxpayer Return for each Taxable Year in which any Redemption has been effected by a TRA Holder, the Corporate Taxpayer shall deliver to the Agent a schedule (the “Redemption Schedule”) that shows, in reasonable detail necessary to perform the calculations required by this Agreement, including with respect to each TRA Holder participating in any Redemption during such Taxable Year, (i) the Basis Adjustments with respect to the Reference Assets as a result of the Redemptions effected by such TRA Holder in such Taxable Year, (ii) the Allocable Common Basis attributable to the Units that were the subject of a Redemption effected by such TRA Holder in such Taxable Year, and (iii) the period (or periods) over which such Basis Adjustments and Allocable Common Basis are amortizable and/or depreciable.

Appears in 4 contracts

Samples: Tax Receivable Agreement, Tax Receivable Agreement (Cactus, Inc.), Tax Receivable Agreement (Cactus, Inc.)

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