Common use of Debt Allocation Clause in Contracts

Debt Allocation. Indebtedness of the Partnership treated as “excess nonrecourse liabilities” (as defined in Treasury Regulations Section 1.752-3(a)(3)) shall be allocated among the Partners in the manner determined by the General Partner.

Debt Allocation. Indebtedness of the Partnership treated as “excess nonrecourse liabilities” (as defined in Treasury Regulations Regulation Section 1.752-3(a)(3)) shall be allocated among the Partners in based on their Percentage Interests; provided that the manner determined by Partnership may use an alternative method under the General applicable Treasury Regulations to allocate such excess nonrecourse liabilities if such method would not reasonably be expected to be adverse to any Partner.