Nonrecourse Liability definition

Nonrecourse Liability has the meaning set forth in Treasury Regulation Section 1.752-1(a)(2).

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

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

Examples of Nonrecourse Liability in a sentence

• The amount of Nonrecourse Deductions for a Fiscal Year or other taxable period shall equal the excess, if any, of the net increase, if any, in the amount of Company Minimum Gain during that Fiscal Year or other taxable period over the aggregate amount of any distributions during that Fiscal Year or other taxable period of proceeds of a Nonrecourse Liability that are allocable to an increase in Company Minimum Gain, determined in accordance with the provisions of Treasury Regulations Section 1.704-2(d).

• To the extent permitted by Section 1.704-2(h)(3) of the Regulations, the Directors shall endeavor to treat distributions of Net Cash Flow as having been made from the proceeds of a Nonrecourse Liability or a Unit Holder Nonrecourse Debt only to the extent that such distributions would cause or increase an Adjusted Capital Account Deficit for any Unit Holder.

• Nonrecourse Liability shall be allocated in accordance with Treasury Regulations Section 1.704-2(g)(2).

• To the extent permitted by Section 1.704-2(h)(3) of the Regulations, the Governors shall endeavor to treat distributions of Net Cash Flow as having been made from the proceeds of a Nonrecourse Liability or a Unit Holder Nonrecourse Debt only to the extent that such distributions would cause or increase an Adjusted Capital Account Deficit for any Unit Holder.

• The amount of Nonrecourse Deductions for a Taxable Year or other taxable period shall equal the excess, if any, of the net increase, if any, in the amount of Company Minimum Gain during that Taxable Year or other taxable period over the aggregate amount of any distributions during that Taxable Year or other taxable period of proceeds of a Nonrecourse Liability that are allocable to an increase in Company Minimum Gain, determined in accordance with the provisions of Treasury Regulations Section 1.704-2(d).

More Definitions of Nonrecourse Liability

Nonrecourse Liability has the meaning set forth in Treas. Reg. § 1.752-1(a)(2).

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

Nonrecourse Liability means those liabilities defined as such in Treasury Regulations Section 1.704-2(b)(3).

Nonrecourse Liability has the same meaning as the term “nonrecourse liability” under Regulations Section 1.704-2(b)(3).

Nonrecourse Liability. Has the meaning ascribed to such term in Treasury Regulations Section 1.721-2(f).

Nonrecourse Liability means any liability of the Company treated as a nonrecourse liability under Regulations Section 1.704-2(b)(3).

Nonrecourse Liability means any Partnership liability (or portion thereof) the Economic Risk of Loss of which is not borne by any Partner or any party related to any Partner, as such related party is described in the applicable Regulations under Code Section 752.