Company Nonrecourse Deductions. Company Nonrecourse Deductions (as determined under Treas. Reg. Section 1.704-2(c)) for any fiscal year shall be allocated among the Members in proportion to their Membership Interests.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (OGE Enogex Partners L.P.)
Company Nonrecourse Deductions. Company Nonrecourse Deductions (as determined under Treas. Reg. Section Treasury Regulation §1.704-2(c)) for any fiscal year shall be allocated among the Members in proportion to their Membership Percentage Interests.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.), Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)
