Pursuant to Treasury. Regulations Section 1.752-3, each Member’s interest in Company profits, for purposes of determining such Member’s shares of excess “nonrecourse liabilities” for such purpose shall be that Member’s Proportionate Share.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Avalonbay Communities Inc), Limited Liability Company Agreement (Avalonbay Communities Inc), Limited Liability Company Agreement (Avalonbay Communities Inc)
Pursuant to Treasury. Regulations Section 1.752-3, each Member’s interest in Company profits, for purposes of determining such Member’s shares of excess “nonrecourse liabilities” for shall equal such purpose shall be that Member’s Proportionate ShareCompany Interest.
Appears in 1 contract
Pursuant to Treasury. Regulations Section 1.752-3, each Member’s 's interest in Company profits, for purposes of determining such Member’s 's shares of excess “nonrecourse liabilities” for such purpose Nonrecourse Liabilities, shall be that Member’s Proportionate Share's Percentage Interest.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Interactive Health, Inc.)
