Member Nonrecourse Liability definition

Member Nonrecourse Liability means any debt or obligation of the Company to the extent the liability is nonrecourse under state law, and on which a Member or Related Person bears the economic risk of loss under ss. 1.752-2 of the Regulations because, for example, the Member or Related Person is the creditor or a guarantor.

Member Nonrecourse Liability has the meaning set forth in Section 1.704 -2(b)(4) of the Treasury Regulations for “partner nonrecourse liability”.

Member Nonrecourse Liability means "partner nonrecourse debt" or "partner nonrecourse liability" within the meaning of Treasury Regulation ss.1.704-2(b)(4).

Examples of Member Nonrecourse Liability in a sentence

• 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.

• Any Member Nonrecourse Deductions for any Fiscal Year shall be allocated to the Member who bears the economic risk of loss with respect to the Member Nonrecourse Liability to which such Member Nonrecourse Deductions are attributable in accordance with ss.

• A Member is not subject to this Company Minimum Gain chargeback requirement to the extent the Member's share of the net decrease in Company Minimum Gain is caused by a guarantee, refinancing, or other change in the debt instrument causing it to become partially or wholly a recourse liability or a Member Nonrecourse Liability, and the Member bears the economic risk of loss (within the meaning of ss.

• An amount determined by first computing for each Member 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.

More Definitions of Member Nonrecourse Liability

Member Nonrecourse Liability shall have the meaning set forth in section 1.704-2(b)(4) of the Regulations.

Member Nonrecourse Liability is defined in Section 5.7. “Member Nonrecourse Deductions” is defined in Section 5.7.

Member Nonrecourse Liability has, with respect to a Member, the same meaning as the term "partner nonrecourse debt" or "partner nonrecourse liability" in Treasury Regulation section 1.704-2(b)(4).

Member Nonrecourse Liability means any Company Liability to the extent considered nonrecourse for purposes of Regulations Section 1.1001-2, and any Member or related person within the meaning of Regulations Section 1.752-4(b) bears the economic risk or loss under Regulations Section 1.752-2.

Member Nonrecourse Liability means "Partner nonrecourse debt" or "partner nonrecourse liability" within the meaning of Treasury Regulation (S) 1.704-2(b)(4). "Merger Agreement" means that certain Agreement and Plan of Restructuring and Merger, dated as of Xxxx 00, 0000, xxxxx Xxxxxx, Xxxxx Merger Corp. and Tele- Communications, Inc. "Xx. Xxxxxx" means Xxxx X. Xxxxxx, a resident of the State of Colorado. "Officers" means those Persons appointed by the Manager to manage the day-to- day affairs of the Company pursuant to Section 5.2 hereof. "Parent" shall mean AT&T Corp., a New York corporation, and any successor (by merger, consolidation, transfer or otherwise) of all or substantially all of the assets of AT&T Corp. "Parent Charter" means the Certificate of Incorporation of Parent, as amended as contemplated by the Merger Agreement. "Percentage Interest" of a Member means, with respect to any Member as of any relevant date, the ratio (expressed as a percentage rounded to the nearest one- hundredth of one percent) of the sum of such Member's Capital Contributions as of such date to the sum of the aggregate Capital Contributions of all Members as of such date. "Person" includes any individual, corporation, association, partnership (general or limited), joint venture, trust, estate, limited liability company or other legal entity or organization. "Profits" and "Losses" means, for each Fiscal Year, an amount equal to the Company's taxable income or loss for such Fiscal Year, determined in accordance with (S) 703(a) of the Code (but including in taxable 4

Member Nonrecourse Liability means any “partner nonrecourse liability” of the Company as defined in Treasury Regulation Section 1.704-2(b)(4).

Member Nonrecourse Liability means any Company Liability to the extent such liability is nonrecourse under Delaware law, and on which a Member or Related Person bears the economic risk of loss under Section 1.752-2 of the Regulations.