Common use of Member Nonrecourse Liability Clause in Contracts

Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. 1.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC)

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Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state Nevada law, and on which a Member or Related Person bears the economic risk of loss under ss. 1.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Appears in 1 contract

Samples: Operating Agreement (Growblox Sciences, Inc.)

Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. Treasury Regulations Section 1.752-2 of the Regulations because, for example, the Member or Related Person person is the creditor or a guarantor.

Appears in 1 contract

Samples: Operating Agreement (Getty Investments LLC)

Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. section 1.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Appears in 1 contract

Samples: Operating Agreement (Fibermark Office Products LLC)

Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. 1.752Section 17.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Advanta Business Services Corp)

Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. 1.752-2 Section 1.7522 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Appears in 1 contract

Samples: Investors Real Estate Trust

Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state applicable local law, and on as to which a Member or Related Person bears the economic risk of loss under ss. § 1.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. Section 1.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or of a guarantor.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. Section 1.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Appears in 1 contract

Samples: Operating Agreement (Cybershop International Inc)

Member Nonrecourse Liability. Any Company Liability to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. under§ 1.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Appears in 1 contract

Samples: Operating Agreement

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