Company Non-Recourse Deductions. Any Company non-recourse deductions (as defined in Treasury Regulations Section 1.704-2(1)) for any taxable year or other period shall be specially allocated to the Members in accordance with their respective interests in profit.
Appears in 4 contracts
Samples: Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp)
