Allocation of Excess Nonrecourse Liabilities. For purposes of section 752 of the Code and the regulations thereunder, the excess nonrecourse liabilities of the Partnership (within the meaning of Treas. Reg. (S) 1.752- 3(a)(3)), if any, shall be allocated to the Members in accordance with their respective Percentage Interests.
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Samples: Operating Agreement (Atria Communities Inc), Operating Agreement (Atria Communities Inc), Operating Agreement (Atria Communities Inc)
Allocation of Excess Nonrecourse Liabilities. For purposes of section 752 of the Code and the regulations thereunder, the excess nonrecourse liabilities of the Partnership (Partnership, within the meaning of Treas. Reg. (S) 1.752- Reg Section 1.752-3(a)(3)), if any, shall be allocated proportionately to the Members in accordance with their respective Percentage Interestseach Partner.
Appears in 2 contracts
Samples: Partnership Agreement (Eacc Camps Inc), Partnership Agreement (Eacc Camps Inc)
Allocation of Excess Nonrecourse Liabilities. For purposes of section 752 of the Code and the regulations thereunder, the excess nonrecourse non-recourse liabilities of the Partnership (Partnership, within the meaning of Treas. Reg. (S) 1.752- 1.752-3(a)(3)), if any, shall be allocated to the Members each Partner in accordance with their its respective Percentage InterestsInterest.
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Allocation of Excess Nonrecourse Liabilities. For purposes of section 752 of the Code and the regulations thereunder, the excess nonrecourse liabilities of the Partnership Company (within the meaning of Treas. Reg.
Section 1. (S) 1.752- 752-3(a)(3)), if any, shall be allocated to the Members each Member in accordance with their respective Percentage Interests.
Appears in 1 contract
Samples: Operating Agreement (Eacc Camps Inc)
Allocation of Excess Nonrecourse Liabilities. For purposes of section 752 of the Code and the regulations thereunder, the excess nonrecourse liabilities of the Partnership (Partnership, within the meaning of Treas. RegReg Section 1. 752-3 (S) 1.752- 3(a)(3)a)(3), if any, shall be allocated proportionately to the Members in accordance with their respective Percentage Interestseach Partner.
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Allocation of Excess Nonrecourse Liabilities. For purposes of section 752 of the Code and the regulations thereunder, the excess nonrecourse liabilities of the Partnership (Partnership, within the meaning of Treas. Reg. (S) 1.752- Reg Section 1.752-3(a)(3)), if any, shall be allocated to the Members each Partner in accordance with their its respective Percentage InterestsInterest.
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