Common use of Sharing of Excess Nonrecourse Liabilities Clause in Contracts

Sharing of Excess Nonrecourse Liabilities. Excess ----------------------------------------- nonrecourse liabilities, as defined in Regulations Section 1.752-3(a)(3), shall be shared by the Partners holding Common Partnership Interests in accordance with their respective Common Sharing Percentages.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Petro Stopping Centers L P), Petro Stopping Centers L P

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Sharing of Excess Nonrecourse Liabilities. Excess ----------------------------------------- nonrecourse liabilities, as defined in Regulations Section 1.752-3(a)(3), shall be shared by the Partners holding Common Partnership Interests in accordance with their respective Common Sharing Percentages.

Appears in 1 contract

Samples: Limited Partnership Agreement (Petro Stopping Centers L P)

Sharing of Excess Nonrecourse Liabilities. Excess nonrecourse ----------------------------------------- nonrecourse liabilities, as defined in Regulations Section 1.752-3(a)(3), shall be shared by the Partners holding Common Partnership Interests in accordance with their respective Common Sharing Percentages.

Appears in 1 contract

Samples: Petro Holdings Financial Corp

Sharing of Excess Nonrecourse Liabilities. Excess ----------------------------------------- nonrecourse liabilities, as defined in Regulations Section 1.752-3(a)(3), shall be shared by the Partners holding Common Partnership Interests in accordance with their respective Common Sharing Percentages.

Appears in 1 contract

Samples: Limited Partnership Agreement (Petro, Inc.)

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Sharing of Excess Nonrecourse Liabilities. Excess ----------------------------------------- nonrecourse liabilities, as defined in Regulations Section 1.752-3(a)(3), shall be shared by the Partners holding Common Partnership Interests in accordance with their respective Common Sharing Percentages.

Appears in 1 contract

Samples: Limited Partnership Agreement (Petro, Inc.)

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