Examples of WGR Holdings in a sentence
The Partnership was formed in September 2012 upon the conversion of WGR Holdings, LLC, a Delaware limited liability company, into a Delaware limited partnership.
In consideration for the contribution of the System Assets, the Partnership shall (a) distribute to WGR Holdings at Closing the Cash Consideration, (b) issue to WGR Holdings at Closing the Unit Consideration and (c) issue to the General Partner at Closing the GP Consideration.
The separate existence of a limited liability company is disregarded for U.S. federal income tax purposes, resulting in the treatment of WGR Holdings, LLC as a division of Anadarko and its inclusion in Anadarko’s consolidated income tax return for federal and state tax purposes.
WGR hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to WGR Holdings, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Partnership Contribution Interests, and WGR Holdings hereby accepts such Partnership Contribution Interests.
Prior to our conversion from WGR Holdings, LLC to a limited partnership in September 2012, we were a single-member limited liability company.
On behalf of WGR Holdings, WGR hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the General Partner, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the GP Contribution Interest, and the General Partner hereby accepts such GP Contribution Interest.
The Parties agree that the distribution of the Cash Consideration to WGR Holdings shall qualify as a “debt-financed transfer” under Section 1.707-5(b) of the Treasury Regulations promulgated under the Code (the “Treasury Regulations”) and that the entire amount of the Partnership Debt is allocable to, and shall be allocated to, WGR Holdings under Sections 1.752-2 and 1.707-5(b) of the Treasury Regulations.
Prior to our conversion from WGR Holdings, LLC to a limited partnership in September 2012, we were a single-member limited liability company, required to reflect our income tax expense and liability on a separate-return basis.
Western Gas Holdings, LLC is a direct wholly owned subsidiary of WGR Holdings, LLC (WGR Holdings), an indirect wholly owned subsidiary of Anadarko Petroleum Corporation.
In consideration for the contribution of the KMGG Interest, the Partnership shall (i) distribute to WGR Holdings at Closing the Cash Consideration, (ii) issue to WGR Holdings at Closing the Unit Consideration and (iii) issue to the General Partner the GP Consideration.