Depletable Property definition
Depletable Property means each separate oil and gas property as defined in Code Section 614.
Depletable Property has the meaning set forth in Section 5.6(b) hereof.
Depletable Property means each separate oil and gas property as defined in Code Section 614 owned by the Partnership as a result of a Capital Contribution, acquisition or otherwise.
Examples of Depletable Property in a sentence
Upon the request of the Company, each Member may advise the Company of its adjusted tax basis in each Depletable Property and any depletion computed with respect thereto, both as computed in accordance with the provisions of this subsection.
More Definitions of Depletable Property
Depletable Property means each separate oil and gas property as defined in Section 614 of the Code held by the Company directly or indirectly through Holdco.
Depletable Property means interests in oil, gas or other minerals eligible for depletion under Code Section 613 or 613A.
Depletable Property shall have the meaning assigned to such term in Section 4.3(b).
Depletable Property shall have the meaning assigned to it in SECTION 4.3(B).
Depletable Property means each separate oil and gas property as defined in Code section 614.
Depletable Property means any Property, the production from which is or would be (in the case of nonproducing property) subject to depletion under Sections 611, et seq., of the Code.
Depletable Property means each separate oil and gas property as detailed in Section 614 of the Code that is Company Property.