WGR Holdings definition
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.
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.
In consideration for the contribution of the MGR 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.
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.
In consideration for the contribution of the System Assets and the contribution of the Western Gas Wyoming Interest, the Partnership shall distribute to WGR Holdings at Closing the Cash Consideration and shall issue to WGR Holdings at Closing the Unit Consideration.
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.
In connection with the conversion of WGR Holdings, LLC into the Partnership under the Delaware Act, the General Partner was admitted as the General Partner of the Partnership, with a 0.0% non-economic General Partner Interest, and WGR was admitted as a Limited Partner of the Partnership, with a Limited Partner Interest equal to a 100% Percentage Interest.
The income tax expense recorded on the financial statements of WGR Holdings, LLC, and now included in our consolidated financial statements, reflects our income tax expense and liability on a separate-return basis.
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.