Common use of Nonrecourse Liability Clause in Contracts

Nonrecourse Liability. Any Partnership liability (or portion thereof) for which no Partner bears the "economic risk of loss," within the meaning of Treasury Regulations Section 1.704-2(i).

Appears in 2 contracts

Samples: Prime Medical Services Inc /Tx/, Prime Medical Services Inc /Tx/

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Nonrecourse Liability. Any Partnership liability (or portion thereof) for which no Partner bears the "economic risk of loss," within the meaning of Treasury Regulations , determined in accordance with Section 1.704-2(i)2(b)(3) of the Regulations.

Appears in 1 contract

Samples: Home Properties of New York Inc

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Nonrecourse Liability. Any Partnership liability (or portion thereof) for which no Partner bears the "economic risk of loss," within the meaning of Treasury Regulations Section 1.704-1.704- 2(i).

Appears in 1 contract

Samples: Prime Medical Services Inc /Tx/

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