Certain Allocations. For purposes of this Article III, items financed through indebtedness of, or from revenues of, the Company shall be treated as funded from contributions made by the Members to the Company in accordance with their Percentage Interests. “Nonrecourse deductions,” as defined by Treasury Regulations Section 1.704-2(b)(1) shall be allocated among the Members in proportion to their respective Percentage Interests.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Certain Allocations. For purposes of this Article III, items financed through indebtedness of, or from revenues of, the Company shall be treated as funded from contributions made by the Members to the Company in accordance with their Percentage Interests. “Nonrecourse deductions,” as defined by Treasury Regulations Section 1.704-2(b)(1section 1.704‑2(b)(1) shall be allocated among the Members in proportion to their respective Percentage Interests.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Contango ORE, Inc.)
Certain Allocations. For purposes of this Article III, items financed through indebtedness of, or from revenues of, the Company shall be treated as funded from contributions made by the Members to the Company in accordance with their Percentage Interests. “Nonrecourse deductions,” as defined by Treasury Regulations Section section 1.704-2(b)(1) shall be allocated among the Members in proportion to their respective Percentage Interests.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Gold Torrent Canada Inc)
Certain Allocations. For purposes of this Article III, items financed through indebtedness of, or from revenues of, the Company shall be treated as funded from contributions made by the Members to the Company in accordance with their Percentage Interests. “"Nonrecourse deductions,” " as defined by Treasury Regulations Section section 1.704-2(b)(1) shall be allocated among the Members in proportion to their respective Percentage Interests.. TAX ALLOCATIONS
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Solitario Exploration & Royalty Corp.)