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 Section 614 of the Code held by the Company directly or indirectly through Holdco.
Examples of Depletable Property in a sentence
The Company shall inform each Member of such Member’s allocable share of the federal income tax basis of each Depletable Property promptly following the acquisition of such Depletable Property by the Company, any adjustment resulting from expenditures required to be capitalized in such basis, and any reallocation of such basis as provided in the previous sentence.
More Definitions of Depletable Property
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 it in SECTION 4.3(B).
Depletable Property means each separate oil and gas property as defined in Section 614 of the Code owned by the Partnership as a result of a Capital Contribution, acquisition or otherwise.
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.
Depletable Property shall have the meaning assigned to such term 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 (within the meaning of section 614 of the Code) with respect to which a deduction under section 611 of the Code may be claimed.