Nonrecourse Liabilities definition

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

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

Nonrecourse Liabilities means the liabilities of the Company treated as “nonrecourse liabilities” under Section 1.752-1(a)(2) of the Treasury Regulations.

Examples of Nonrecourse Liabilities in a sentence

• For purposes of Treasury Regulation Section 1.752-3(a)(3), the Partners agree that Nonrecourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Nonrecourse Built-in Gain shall be allocated among the Partners in accordance with their respective Percentage Interests.

• For purposes of Treasury Regulation Section 1.752-3(a)(3), the Partners agree that Nonrecourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Nonrecourse Built-in Gain shall be allocated among the Partners Pro Rata.

• Each Partner’s share of any Nonrecourse Liabilities, for purposes of Section 1.752-3(a)(3) of the Regulations, shall be determined by the General Partner.

• For purposes of determining each Member’s share of Nonrecourse Liabilities, if any, of the Company in accordance with Regulations Section 1.752-3(a)(3), the Members’ interests in Company profits shall be determined in the same manner as prescribed by Section 6.03(e).

• For the purpose of determining the Members’ shares of the Company’s Excess Nonrecourse Liabilities pursuant to Treas.

More Definitions of Nonrecourse Liabilities

Nonrecourse Liabilities shall have the meaning set forth in Section 6.l(d)(l) hereof.

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

Nonrecourse Liabilities means, with respect to any Series, nonrecourse liabilities (or portions thereof) associated with the Series for which no Member bears the economic risk of loss, as determined under Treasury Regulation Sections 1.704-2(b)(3) and 1.752-1(a)(2).

Nonrecourse Liabilities shall have the meaning set forth in Treas. Reg. § 1.704-2(b)(3).

Nonrecourse Liabilities shall have the meaning set forth in Section 1.704-2(b)(3) of the Treasury Regulations.

Nonrecourse Liabilities shall have the meaning set forth in Section 6.1(d)(i).

Nonrecourse Liabilities means liabilities of the Partnership treated as "nonrecourse liabilities" under Section 1.704-2(b)(3) of the Treasury Regulations.