Non-Recourse Deductions. Non-recourse deductions (as described in Section 1.704-2(b) of the Treasury Regulations) for any Fiscal Year or other period shall be allocated to the Members in accordance with their relative Percentage Interests.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (RHI Entertainment, Inc.), Limited Liability Company Operating Agreement (RHI Entertainment, Inc.), Limited Liability Company Operating Agreement (RHI Entertainment, Inc.)
Non-Recourse Deductions. Non-recourse deductions (as described in Section 1.704-2(b) of the Treasury Regulations) Deductions, if any, for any Fiscal Year or other period shall be allocated to (as nearly as possible) under Treasury Regulations Section 1.704-2(e) among the Members in accordance with proportion to their relative Non-Voting Percentage InterestsInterest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (United Auto Group Inc), Limited Liability Company Agreement (Uag Connecticut I LLC)
Non-Recourse Deductions. Non-recourse deductions (as described in Section 1.704-2(b) of the Treasury Regulations) Deductions, if any, for any Fiscal Year or other period shall be allocated to (as nearly as possible) under Treasury Regulations Section 1.704-2(e) among the Members in accordance with proportion to their relative Percentage InterestsInterest.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.)
