Shareholder Nonrecourse Deductions. If one or more Shareholders bear the economic risk of loss (within the meaning of Section 1.752-2 of the Treasury Regulations) with respect to any Shareholder Nonrecourse Debt, Shareholder Nonrecourse Deductions attributable thereto shall be allocated among such Shareholders in accordance with the ratios in which such Shareholders share the economic risk of loss for such Shareholder Nonrecourse Debt.
Appears in 5 contracts
Samples: Operating Agreement (Belair Capital Fund LLC), Limited Liability Company Agreement (Belmar Capital Fund LLC), Limited Liability Company Agreement (Belport Capital Fund LLC)
