Tax Treatment of Transaction. The Buyer and the Seller agree that for federal income Tax purposes, since the Company is a disregarded entity, the purchase of the Units hereunder will be treated as a purchase of the assets of the Company.
Appears in 4 contracts
Samples: Unit Purchase Agreement, Unit Purchase Agreement, Unit Purchase Agreement (Chesapeake Energy Corp)
Tax Treatment of Transaction. The Buyer and the Seller agree that for federal income Tax purposes, since the Company is a disregarded entity, the purchase and sale of the Purchased Units hereunder will be treated as a purchase sale of the assets of the Company. The Parties agree that the transfer of ownership of the Purchased Units will occur at the Effective Time and that all of the benefits and burdens of ownership related to the Purchased Units will remain with the Seller until the Effective Time.
Appears in 1 contract
Samples: Unit Purchase Agreement (Chesapeake Midstream Partners Lp)
