Share of Liabilities definition

Share of Liabilities means, as to any Partnership Unit at the time of an exchange, the portion of the relevant Partnership’s “liabilities” (as such term is defined in section 752 and section 1001 of the Code) allocated to that Partnership Unit pursuant to section 752 of the Code and the applicable Treasury Regulations.
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Share of Liabilities as to any Unit at the time of an Exchange, means the sum of (i) the Unit’s Share of Base Liabilities and (ii) the Unit’s Share of Excess Liabilities, if any.
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Share of Liabilities means, as to any Unit at the time of an exchange, the portion of HLA partnership liabilities allocated to that Unit pursuant to section 752 of the Code and the applicable Treasury Regulations in the hands of the Applicable Partner immediately before the transfer to the Corporation.
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Examples of Share of Liabilities in a sentence

  • Partner's Share of Liabilities, later.Additional information needed to enable the partner to compute the profit or loss from each at-risk activity and the amount at risk may be required to be separately reported pursuant to the Instructions for Form 6198 and Pub.

  • The Impact of a Capital Account Deficit Restoration Obligation on a Partner’s At-Risk Amount and Share of Liabilities: Hubert Enterprises, Inc.

  • Figure 5: Investment Certificates Share of Liabilities This figure plots the ratio of investment certificates to the sum of investment certificates and withdrawable shares.

  • Public Contracts Manager Barrett said he will check on that but it may be a case where the city needs to replace the vehicle and then submit to the insurance company for reimbursement.

  • Deductions 16Guaranteed Payments toPartners 17, 37Partner's Share of Liabilities (Schedule K-1) 27Termination of the Partnership 3Trade or Business Activities 10Bad Debts 17Depletion 18Partnership Holding:Oil and Gas Properties 13Transactions Between RelatedTaxpayers 16Depreciation 18 Employee BenefitPrograms 19 Guaranteed Payments toPartners 17Interest 18Limitations 16Other Deductions 19Rent 17Repairs and Maintenance 17 Retirement Plans, etc.

  • See Example 2 in 45 CFR 147.108(a)(2) for a conclusion that M’s denial of C’s application for coverage is a preexisting condition exclusion because a denial of an application for cov- erage based on the fact that a condition was present before the date of denial is an exclusion of benefits based on a preexisting condition.(b) Effective/applicability date—(1) General applicability date.

  • Progressive de­linkage means that governments implement reforms over time that sequentially and progressively move prices closer and closer to affordable generic prices, and reform incentives so they no longer rely upon high prices.

  • GUARANTY LIABILITIES 63 15.1 Net Worth and Effective Liquidity 63 15.2 Special Indemnity for Construction Completion Guaranty 64 15.3 Special Indemnity for Closing Completion Guaranty 65 15.4 Special Indemnity for Non-Recourse Carve-Out Guaranty 66 15.5 Special Indemnity for Mandatory Prepayment Guaranty 68 15.6 Capital Contributions for Indemnity Payments 69 15.7 Covenant to Pay Pro Rata Share of Liabilities 69 15.8 Non-Assignability of Obligations 69 ARTICLE 16.


More Definitions of Share of Liabilities

Share of Liabilities means, as to any Class A Unit at the time of a Redemption, the portion of the relevant Company’s “liabilities” (as such term is defined in section 752 and section 1001 of the Code) allocated to that Class A Unit pursuant to section 752 of the Code and the applicable Treasury Regulations.
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Share of Liabilities means, as to any Unit at the time of an Exchange, the aggregate amount of the liabilities of Energy, for purposes of Section 752 and Section 1001 of the Code, at the time of the Exchange.
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Share of Liabilities means, as to any Unit at the time of an Exchange, the portion of PMLLC’s aggregate liabilities, as determined for purposes of Section 752 and Section 1001 of the Code, allocated to that Unit pursuant to Section 752 of the Code and the applicable Treasury Regulations.
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Related to Share of Liabilities

  • Limitation of Liability Insert the following Section 15, after Section 14:

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Loss of Limb means loss by physical severance of a hand at or above the wrist or of a foot at or above the ankle.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Covered Liabilities as defined in Subsection 11.21.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Indemnification Cap has the meaning set forth in Section 9.4(a).

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Compensable injury means an injury by accident arising out of and in the course of hazardous employment which must be established by medical evidence supported by objective medical findings.

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Special Damages shall have the meaning as set forth in Section 5.07.

  • Loss of Activities of Daily Living means that, due to an Injury or Sickness, the Insured Employee has lost the ability to safely and completely perform two or more of the following six Activities of Daily Living without another person's active, hands-on help with all or most of the activity.

  • Indemnification Agreements has the meaning set forth in Section 2.5.

  • Third Party Claims has the meaning set forth in Section 11.1.

  • operation in breach of customs legislation means any violation or attempted violation of customs legislation.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • protection and indemnity risks means the usual risks covered by a protection and indemnity association managed in London, including pollution risks and the proportion (if any) of any sums payable to any other person or persons in case of collision which are not recoverable under the hull and machinery policies by reason of the incorporation in them of clause 6 of the International Hull Clauses (1/11/02 or 1/11/03), clause 8 of the Institute Time Clauses (Hulls) (1/11/95) or clause 8 of the Institute Time Clauses (Hulls) (1/10/83) or the Institute Amended Running Down Clause (1/10/71) or any equivalent provision;

  • Injury/Injured means a bodily injury caused by an accident occurring while the Insured’s coverage under this Policy is in force and resulting directly and independently of all other causes of Loss covered by this Policy. The injury must be verified by a Physician.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.