Company Nonrecourse Deductions definition

Company Nonrecourse Deductions means any loss, deduction, or Code Section 705(a)(2)(B) expenditure (or item thereof) that is attributable to nonrecourse liabilities (as defined in Treasury Regulations Section 1.752-1(a)(2)) of the Company and characterized as "nonrecourse deductions" pursuant to Treasury Regulations Section 1.704-2(b)(1) and Section 1.704-2(c).
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Company Nonrecourse Deductions has the meaning given the term “nonrecourse deductions” in Regulation § 1.704-2(b)(1) and Regulation § 1.704-2(b)(2). The amount of Company Nonrecourse Deductions for a Fiscal Year is determined in accordance with Regulation § 1.704-2(c).
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Company Nonrecourse Deductions means the excess, if any, of the net increase, if any, in the amount of Company Minimum Gain during a fiscal year over the aggregate amount of any distributions during that fiscal year of proceeds of a nonrecourse liability as defined in Treasury Regulation section 1.704-2(c).
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Examples of Company Nonrecourse Deductions in a sentence

  • Company Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Sharing Ratios.

  • Company Nonrecourse Deductions for any Company fiscal year shall be specially allocated among the Members in proportion to their Percentage Interests.

  • Any Company Nonrecourse Deductions for any Fiscal Year or Accounting Period shall be allocated to the Members in accordance with their respective Interests.

  • Company Nonrecourse Deductions for any year or other period shall be allocated among the Members in accordance with their respective Membership Interests.

  • Company Nonrecourse Deductions for any fiscal year or other period shall be specially allocated among the Members in accordance with their respective Membership Interests.


More Definitions of Company Nonrecourse Deductions

Company Nonrecourse Deductions has the meaning ascribed to the term “nonrecourse deductions” in Section 1.704-2(b)(1) of the Regulations.
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Company Nonrecourse Deductions has the same meaning as that term in Treas Reg 1.704-2(b)(1).
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Company Nonrecourse Deductions means, with respect to Company Nonrecourse Liabilities, the amount of deductions, losses and expenses equal to the net increase during the year in Minimum Gain attributable to Company Nonrecourse Liabilities, reduced (but not below zero) by the proceeds, if any, of such Company Nonrecourse Liabilities distributed during the year, as determined in accordance with applicable Regulations.
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Company Nonrecourse Deductions means the deductions of the Company determined under Treas. Reg. Section 1.704-2(c).
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Company Nonrecourse Deductions has the meaning set forth in Sections 1.704-2(i)(1) and 1.704-2(i)(2) of the Regulations.
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Company Nonrecourse Deductions shall have the meaning set forth in Regulation Section 1.704-2(c), which provides generally that the amount of the Company Nonrecourse Deductions (as identified in Regulation Section 1.704-2(j)(1)(ii)) for a Company fiscal year equals the excess, if any, of the net increase, if any, in the amount of Company Minimum Gain during that fiscal year over the amount of any distributions during that fiscal year of proceeds of a Company Nonrecourse Liability that are allocable to an increase in Company Minimum Gain.
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Company Nonrecourse Deductions shall have the meaning set forth in Treasury Regulation Section 1.704-2(c).
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