Tax Partnership definition

Tax Partnership means the relationship (constituting a tax partnership for federal and applicable state law tax purposes) between the Parties existing pursuant to this Agreement.

Tax Partnership shall have the meaning set forth in Section 15.3.

Tax Partnership has the meaning set forth in Section 10.1.

Examples of Tax Partnership in a sentence

• For purposes of allocating amounts realized upon any such sale or disposition which are deemed to be received for federal or state income tax purposes and are attributable to Tax Partnership indebtedness or indebtedness to which the Depletable Property is subject at the time of such sale or disposition, such amounts shall be allocated in the same manner as Partnership proceeds used for the repayment of such indebtedness would have been allocated under Section 5.02 of the Agreement.

• For federal and state tax purposes, but for no other purpose, all transactions effected by the Parties with respect to the Designated Property pursuant to the Agreement shall be deemed to have been effected through the Tax Partnership, rather than by the Parties individually, as set out in this Article II.

• The accounting year of the Tax Partnership shall be the calendar year.

• On completion of the distribution of Partnership assets as provided in this Agreement, the Tax Partnership shall be considered terminated.

• Except for CWEI, each Party irrevocably waives any right it may have to maintain any action for partition of the property of the Tax Partnership.

More Definitions of Tax Partnership

Tax Partnership is defined in Section 3.23.

Tax Partnership has the meaning set forth in Section 6.1.

Tax Partnership has the meaning set forth in Section 5.14(j).

Tax Partnership has the meaning set forth in the Participation Agreement.

Tax Partnership means each of the (i) Main Pass 270 Tax Partnership Agreement dated March 1, 2015 and relating to the Offshore Operating Agreement dated March 1, 2015 by and among Castex Offshore, Inc. (as Operator) and Petsec Energy Corp, Xxxxxx Oil & Gas Corporation and GOME 1271 LLC; and (ii) South Timbalier 320 Tax Partnership Agreement dated September 15, 2017 and relating to the Offshore Operating Agreement dated September 15, 2017 by and among Xxxxxx Oil & Gas Corporation (as Operator) and W&T Energy VI, LLC et al.

Tax Partnership is defined in Section 6.13(j) and shall include the tax partnerships created pursuant to the applicable Tax Partnership Agreements executed in connection with the JDAs.

Tax Partnership means the arrangement and undertaking evidenced by the COO Agreement.