Share of Excess Nonrecourse Liabilities. For purposes of calculating the Members' shares of "excess nonrecourse liabilities" of the Company (within the meaning of Treasury Regulation Section 1.752-3(a)(3)), the Members intend that they be considered as sharing profits of the Company in proportion to their respective Membership Percentages.
Appears in 6 contracts
Samples: Operating Agreement (Key Plastics Inc), Operating Agreement (Key Plastics Inc), Operating Agreement (Key Plastics Inc)
Share of Excess Nonrecourse Liabilities. For purposes of calculating the Members' shares share of "excess nonrecourse liabilities" of the Company (within the meaning of Treasury Regulation Section 1.752-3(a)(3)), the Members intend that they be considered as sharing profits of the Company in proportion to their respective Membership Percentages.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Carco Auto Loan Master Trust), Limited Liability Company Agreement (Daimlerchrysler Wholesale Receivables LLC), Limited Liability Company Agreement (Daimlerchrysler Wholesale Receivables LLC)
