Allocation of Nonrecourse Deductions. Nonrecourse deductions, within the meaning of Section 1.704-2(b)(1) of the Regulations and as determined under Section 1.704-2(d) of the Regulations, shall be allocated to the Members in accordance with their respective Percentage Interests.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (PennyMac Financial Services, Inc.), Limited Liability Company Agreement (Pennymac Financial Services, Inc.), Limited Liability Company Agreement (Pennymac Financial Services, Inc.)
Allocation of Nonrecourse Deductions. Nonrecourse deductions, Deductions (within the meaning of Section 1.704-2(b)(1) of the Regulations and as determined under Section 1.704-2(dRegulations) of the Regulations, shall be allocated to the Members in accordance with their respective the Members’ Percentage Interests.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Liberty Property Limited Partnership), Limited Liability Company Operating Agreement (Liberty Property Limited Partnership)
Allocation of Nonrecourse Deductions. Nonrecourse deductions, Deductions (within the meaning of Section 1.704-2(b)(1) of the Regulations and as determined under Section 1.704-2(dRegulations) of the Regulations, shall be allocated to the Members in accordance with their respective Percentage Interestsand on the same basis as the allocations of Net Profits and Net Losses, as the case may be.
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Samples: Limited Liability Company Agreement (Trimedia Entertainment Group Inc)
Allocation of Nonrecourse Deductions. Nonrecourse deductionsDeductions, within the meaning of Section 1.704-2(b)(1) of the Regulations and as determined under Section 1.704-2(d) of the Regulations, shall be allocated to the Members in accordance with their respective Percentage InterestsOrdinary Common Units.
Appears in 1 contract
