Common use of Tangible Costs Clause in Contracts

Tangible Costs. All Tangible Costs shall be allocated entirely to the Partnership; provided, however, that to the extent, if any, that the total costs allocated to MD pursuant to paragraphs (a) and (c) above are less than an amount equal to 17.65% of the subscriptions by Partners to the Partnership (“Deficit Amount”), then MD shall be allocated an amount of Tangible Costs equal to the Deficit Amount.

Appears in 2 contracts

Samples: Drilling Program Agreement (Mewbourne Energy Partners 10-A, L.P.), Drilling Program Agreement (Mewbourne Energy Partners 09-A, L.P.)

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Tangible Costs. All Tangible Costs shall be allocated entirely to the Partnership; provided, however, that to the extent, if any, that the total costs allocated to MD pursuant to paragraphs (a) and (c) above are less than an amount equal to 17.6525% of the subscriptions by Partners to the Partnership (“Deficit Amount”), then MD shall be allocated an amount of Tangible Costs equal to the Deficit Amount.

Appears in 2 contracts

Samples: Drilling Program Agreement (Mewbourne Energy Partners 07-A, L.P.), Drilling Program Agreement (Mewbourne Energy Partners 08-a Lp)

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