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.
Appears in 3 contracts
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 Company (within the meaning of Treas. Reg. (S) 1.752- Section 1.752-3(a)(3)), if any, shall be allocated to the Members each Member in accordance with their respective Percentage Allocation Interests.
Appears in 3 contracts
Samples: Operating Agreement (Eacc Camps Inc), Operating Agreement (Eacc Camps Inc), 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 Company (within the meaning of Treas. Reg. (S) 1.752- § 1.752-3(a)(3)), if any, shall be allocated to the Members each Member in accordance with their respective Percentage Allocation Interests.
Appears in 2 contracts
Samples: Operating Agreement (Pacific Export Resources, LLC), Operating Agreement (Pacific Export Resources, LLC)
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. (S) 1.752- §1.752-3(a)(3)), if any, shall be allocated to the Members in accordance with their respective Percentage Interests.as follows:
Appears in 1 contract
Samples: Operating Agreement (Pacific Export Resources, LLC)
Allocation of Excess Nonrecourse Liabilities. For purposes of section Section 752 of the Code and the regulations thereunder, the excess nonrecourse liabilities of the Partnership Company (within the meaning of Treas. Reg. (S) 1.752- Section 1.752-3(a)(3)), if any, shall be allocated to the Members each Member in accordance with their respective Percentage Allocation Interests.
Appears in 1 contract
Samples: Operating Agreement (Eacc Camps Inc)
