Nonrecourse Debt Allocations. Notwithstanding any other provision of this Section 5.1, each Partner shall be allocated items of Partnership income and gain in each taxable year as necessary, in the General Partner’s discretion, to comply with the Allocation Regulations relating to nonrecourse debt and partner nonrecourse debt as those terms are defined by the Allocation Regulations.
Appears in 2 contracts
Samples: Agreement (C&G Investments, LLC), C&G Investments, LLC
Nonrecourse Debt Allocations. Notwithstanding any other provision of this Section 5.1, each Partner shall be allocated items of Partnership income and gain in each taxable fiscal year as necessary, in the General Partner’s 's discretion, to comply with the Allocation Regulations relating to nonrecourse debt and partner nonrecourse debt as those terms are defined by the Allocation Regulationsdebt.
Appears in 2 contracts
Samples: East Coast Power LLC, East Coast Power LLC
Nonrecourse Debt Allocations. Notwithstanding any other provision of this Section 5.1, each Partner shall be allocated items of Partnership income and gain in each taxable fiscal year as necessary, in the General Partner’s ’ discretion, to comply with the Allocation Regulations relating to nonrecourse debt and partner nonrecourse debt as those terms are defined by the Allocation Regulationsnomecourse debt.
Appears in 1 contract
Samples: MBOW Four Star, L.L.C.
Nonrecourse Debt Allocations. Notwithstanding any other provision of this Section 5.1, each Partner shall be allocated items of Partnership income and gain in each taxable fiscal year as necessary, in the General Partner’s discretion, to comply with the Allocation Regulations relating to nonrecourse debt and partner nonrecourse debt as those terms are defined by the Allocation Regulationsdebt.
Appears in 1 contract
Samples: Agreement (Capmark Finance Inc.)
