Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i).
Appears in 6 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement, Agreement of Limited Partnership (Breitburn Energy Partners LP)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.6(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i6.1(d)(i).
Appears in 4 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Kimbell Royalty Partners, LP), Limited Partnership Agreement (Kimbell Royalty Partners, LP)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.5(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i).
Appears in 4 contracts
Samples: First Amended and Restated Agreement of Limited Partnership, Limited Partnership Agreement (New Source Energy Partners L.P.), Limited Partnership Agreement
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.4(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i).
Appears in 3 contracts
Samples: Limited Partnership Agreement (Black Stone Minerals, L.P.), Limited Partnership Agreement, Limited Partnership Agreement (Black Stone Minerals, L.P.)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.3(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Partnership Code) of the Company shall reduce each PartnerMember’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners Members pursuant to of Section 6.1(e)(i6.1(c)(i).
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Viper Energy, Inc.), Limited Liability Company Agreement (Viper Energy, Inc.), Limited Liability Company Agreement (Viper Energy Partners LP)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.4(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i6.1(d)(i).
Appears in 3 contracts
Samples: Limited Partnership Agreement (Mach Natural Resources Lp), Agreement of Limited Partnership (Mach Natural Resources Lp), Agreement of Limited Partnership (TXO Energy Partners, L.P.)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.3(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Partnership Code) of the Company shall reduce each PartnerMember’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners Members pursuant to of Section 6.1(e)(i6.1(d)(i).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a)5.4(a) of the Partnership Agreement, Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(iParagraph 13(a)(iv)(1).
Appears in 2 contracts
Samples: Limited Partnership Agreement (Black Stone Minerals, L.P.), Limited Partnership Agreement (Black Stone Minerals, L.P.)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.4(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Code) of the Partnership shall reduce each Partner’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners pursuant to of Section 6.1(e)(i6.1(c)(i).
Appears in 1 contract
Samples: Limited Partnership Agreement (Viper Energy Partners LP)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(aSection 5.3(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Partnership Code) of the Company shall reduce each PartnerMember’s Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners Members pursuant to of Section 6.1(e)(iSection 6.1(d)(i).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP)
Simulated Depletion and Simulated Loss. For purposes of applying clause (z) of the second sentence of Section 5.2(a5.3(a), Simulated Depletion and Simulated Loss with respect to each oil and gas property (as defined in Section 614 of the Partnership Code) of the Company shall reduce each Partner’s Member's Capital Account in proportion to the manner in which the Simulated Basis of such property is allocated among the Partners Members pursuant to of Section 6.1(e)(i6.1(d)(i).
Appears in 1 contract
Samples: Recapitalization Agreement (Kimbell Royalty Partners, LP)
