Valero Operating definition
Examples of Valero Operating in a sentence
The Partnership is acquiring the Subject Interests for its own account as an investment without the present intent to sell or offer the same to any other Person or effect a distribution of the Subject Interests, other than the conveyance of the Subject Interests to Valero Operating.
Any refund attributable to tax returns filed pursuant to this Section 2.5(c) shall be apportioned between Valero Operating and VTDC in a manner consistent with calculation of VTDC’s Tax Obligation.
Valero Operating is acquiring the Wynnewood Interests for its own account as an investment without the present intent to sell or offer the same to any other Person or effect a distribution of the Wynnewood Interests.
Valero Operating is an “accredited investor” as defined under Rule 501 promulgated under the Securities Act of 1933, as amended.
If any such amount is not known at Closing, then such amount shall be made based on VTDC’s good faith estimate, with a true-up payment to be made from VTDC to Valero Operating, or vice-versa, as promptly as practicable after exact amounts are determined.
Valero Operating acknowledges that the Wynnewood Interests are not registered pursuant to the Securities Act of 1933, as amended, or any state securities laws, and that none of the Wynnewood Interests may be transferred except pursuant to registration or an applicable exemption thereunder.
VTDC shall pay to Valero Operating an amount equal to VTDC’s Tax Obligation not later than five (5) days after the filing of such tax return.
The Partnership is acquiring the ▇▇▇▇▇ Interests for its own account as an investment without the present intent to sell or offer the same to any other Person or effect a distribution of the ▇▇▇▇▇ Interests, other than the conveyance of the ▇▇▇▇▇ Interests to Valero Operating.
Valero Operating shall determine, the amount of tax due that is not described in Section 2.5(a) with respect to the portion of the period ending on the Closing Date based on a closing of the books method (“VTDC’s Tax Obligation”) and shall notify VTDC of its determination of VTDC’s Tax Obligation.
The Partnership is acquiring the Contributed Interests for its own account as an investment without the present intent to sell or offer the same to any other Person or effect a distribution of the Contributed Interests, other than the conveyance of the Contributed Interests to Valero Operating.