Nonrecourse Deduction. Notwithstanding Section 6.1, any nonrecourse deductions (as defined in Regulations Section 1.704-2(b)(1)) for any Fiscal Year or other period shall be specially allocated to the Members in proportion to their Percentage Interests.
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Samples: Operating Agreement (Atwood Minerals & Mining CORP.), Operating Agreement (Atwood Minerals & Mining CORP.), Operating Agreement (Global Resource CORP)
Nonrecourse Deduction. Notwithstanding Section 6.17.1, any nonrecourse deductions (as defined in Regulations Section 1.704-2(b)(1)) Nonrecourse Deductions for any Fiscal Year or other period shall be specially allocated to the Members in proportion to their Percentage Interests.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Versity Invest, LLC)
Nonrecourse Deduction. Notwithstanding Section 6.1, any --------------------- nonrecourse deductions (as defined in Regulations Section 1.704-2(b)(1)) for any Fiscal Year or other period shall be specially allocated to the Members in proportion to their Percentage Interests.
Appears in 1 contract
