Common use of and Reg Clause in Contracts

and Reg. Sec. 1.704-1. “Nonrecourse liability” means any liability with respect to which no Member bears the risk of loss under Code Section 752. The following special allocations shall be made in the following order:

Appears in 3 contracts

Samples: Operating Agreement (Global Media USA, LLC), Operating Agreement (Global Media USA, LLC), Operating Agreement (Spirit AeroSystems Operations International, Inc.)

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and Reg. Sec. 1. 1.704704-1. “"Nonrecourse liability” " means any liability with respect to which no Member bears the risk of loss under Code Section 752. The following special allocations shall be made in the following order:

Appears in 1 contract

Samples: Operating Agreement (AvWorks Aviation Corp)

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