Allocation of Liabilities. Solely for purposes of determining the Interest Holders’ respective shares of the nonrecourse liabilities of tile Company within the meaning of Treasury Regulation Section 1.752-3(a)(3) each Interest Holder’s interest in Company Profit shall be equal to such Interest Holder’s Percentage.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Tesoro Sierra Properties LLC), Limited Liability Company Agreement (Tesoro Sierra Properties LLC), Limited Liability Company Agreement (Tesoro Sierra Properties LLC)
Allocation of Liabilities. Solely for purposes of determining the Interest Holders’ ' respective shares of the nonrecourse liabilities of tile the Company within the meaning of Treasury Regulation Section 1.752-3(a)(3) ), each Interest Holder’s 's interest in Company Profit shall be equal to such Interest Holder’s 's Percentage.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Cinergy Corp), Operating Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)
Allocation of Liabilities. Solely for purposes of determining the Interest Holders’ respective shares of the nonrecourse liabilities of tile the Company within the meaning of Treasury Regulation Section 1.752-3(a)(3) ), each Interest Holder’s interest in Company Profit shall be equal to such Interest Holder’s Percentage.
Appears in 1 contract
Samples: Operating Agreement (Cinergy Corp)
