Common use of Member Share of Liabilities Clause in Contracts

Member Share of Liabilities. A Member’s share of the liabilities of the Company shall be determined under Code Section 752 and the Treasury Regulations promulgated thereunder. For purposes of allocating excess non-recourse liabilities under Treasury Regulations Section 1.752-3, the Members’ “interests in... profits” shall be their Percentage Interests. In the discretion of the Manager, excess non-recourse liabilities may be allocated among the Members in accordance with the manner in which it is reasonably expected that the deductions attributable to those non-recourse liabilities will be allocated.

Member Share of Liabilities. A Member’s share of the liabilities of the Company shall be determined under Code Section 752 and the Treasury Regulations promulgated thereunder. For purposes of allocating excess non-recourse liabilities under Treasury Regulations Section 1.752-3, the Members’ “interests in... in profits” shall generally be their Percentage InterestsProfit Percentages. In the discretion of the ManagerManagement, excess non-recourse liabilities may be allocated among the Members in accordance with the manner in which it is reasonably expected that the deductions attributable to those non-recourse liabilities will be allocated.

Member Share of Liabilities. A Member’s share of the liabilities of the Company shall be determined under Code Section 752 and the Treasury Regulations promulgated thereunder. For purposes of allocating excess non-recourse liabilities under Treasury Regulations Section 1.752-3, the Members’ “interests in... ...profits” shall generally be their Percentage InterestsProfit Percentages. In the discretion of the ManagerManagement, excess non-recourse liabilities may be allocated among the Members in accordance with the manner in which it is reasonably expected that the deductions attributable to those non-recourse liabilities will be allocated.