Company Nonrecourse Liability definition

Company Nonrecourse Liability means any debt or obligation of the Company to the extent that no Member or Related Person bears the economic risk of loss (as defined in ss. 1.752-2 of the Regulations) with respect to the liability.

Company Nonrecourse Liability shall have the meaning assigned to the term "nonrecourse liability" in Treasury Regulations Section 1.704-2(b)(3) ** shall have the meaning set forth in Section 4.9(b). ** shall have the meaning set forth in Section 4.9(c).

Company Nonrecourse Liability shall have the same meaning as the meaning of “partnership nonrecourse liability” set forth in Treasury Regulations Section 1.704-2(b)(3).

Examples of Company Nonrecourse Liability in a sentence

• An amount determined by first computing for each Company Nonrecourse Liability any gain the Company would realize if it disposed of the Company Property subject to that liability for no consideration other than full satisfaction of the liability, and then aggregating the separately computed gains.

• A Member is not subject to this Member Minimum Gain chargeback, however, to the extent the net decrease in Member Minimum Gain arises because the liability ceases to be Member Nonrecourse Liability due to a conversion, refinancing, or other change in the debt instrument that causes it to become partially or wholly a Company Nonrecourse Liability.

• A Member is not subject to this Member Minimum Gain Chargeback, however, to the extent the net decrease in Member Minimum Gain arises because the liability ceases to be Member Nonrecourse Liability due to a conversion, refinancing, or other change in the debt instrument that causes it to become partially or wholly a Company Nonrecourse Liability.

• A Member is not subject to this Member Minimum Gain Chargeback, however, to the extent the net decrease in Member Minimum Gain arises because the liability ceases to be Member Nonrecourse Liability due to a conversion, refinancing or other change in the debt instrument that causes it to become partially or wholly a Company Nonrecourse Liability.

• The amount determined by (i) computing, with respect to each Company Nonrecourse Liability, the amount of gain (of whatever character) that would be realized by the Company if it disposed of the property subject to such liability in a taxable transaction in full satisfaction of such liability (and for no other consideration), and (ii) aggregating the amounts so computed.

More Definitions of Company Nonrecourse Liability

Company Nonrecourse Liability shall have the meaning set forth in Regulation Sections 1.704-2(b)(3) and 1.752-1(a)(2), which generally refer to liabilities of the Company for which no Member (or person related to a Member) bears the economic risk of loss.

Company Nonrecourse Liability shall have the meaning set forth in Treas. Reg. §§ 1.704-2(b) and 1.752-1(a)(2).

Company Nonrecourse Liability has the meaning set forth in Regulations Section 1.704-2(b)(3).

Company Nonrecourse Liability is defined in Section 5.7.

Company Nonrecourse Liability means a “nonrecourse liability” as defined in Section 1.704-2(b)(3) of the Regulations.

Company Nonrecourse Liability means any debt or obligation of the Company to the extent that no Member or Related Person bears the economic risk of loss (as defined in Section 1.752-2 of the Regulations) with respect to the liability. "COMPANY PROPERTY" and "COMPANY PROPERTIES" shall mean and include any Property owned by the Company, including, without limitation, the Project.

Company Nonrecourse Liability means liabilities of the Company (or portion thereof) for which no Member bears the economic risk of loss under Regulations Section 1.752-2.