Excess Nonrecourse Liabilities. Nonrecourse liabilities of the Company that constitute "excess nonrecourse liabilities" within the meaning of section 1.752-3(a)(3) of the Income Tax Regulations, shall be allocated among the Members in proportion to their respective Percentage Interests.
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Samples: Limited Liability Company Agreement (Chevron Phillips Chemical Co LLC), Limited Liability Company Agreement (Phillips Petroleum Co), Limited Liability Company Agreement (Chevron Phillips Chemical Co LLC)
Excess Nonrecourse Liabilities. Nonrecourse liabilities Any “excess nonrecourse liabilities” of the Company that constitute "excess nonrecourse liabilities" (within the meaning of section Treasury Regulations 1.752-3(a)(3)) of the Income Tax Regulations, shall be allocated among the Members in proportion to their respective Percentage Interests.
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Samples: Operating Agreement (Owens Mortgage Investment Fund a Calif LTD Partnership)
Excess Nonrecourse Liabilities. Nonrecourse liabilities of the Company that constitute The "excess nonrecourse liabilities" of the Company within the meaning of section Regulations Section 1.752-3(a)(3) of the Income Tax Regulations, shall be allocated Proportionately among the Members Unitholders, which is the manner in proportion which it is reasonably expected that the deductions attributable to their respective Percentage Intereststhose nonrecourse liabilities will be allocated.
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Samples: Limited Liability Company Agreement (Javo Beverage Co Inc)
Excess Nonrecourse Liabilities. Nonrecourse liabilities of the Company that constitute "excess nonrecourse liabilities" within the meaning of section 1.7521 .752-3(a)(3) of the Income Tax Regulations, shall be allocated among the Members in proportion to their respective Percentage Interests.
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Samples: Contribution Agreement (Chevron Phillips Chemical Co LLC)
Excess Nonrecourse Liabilities. Nonrecourse liabilities The “excess nonrecourse liabilities” of the Company that constitute "excess nonrecourse liabilities" (within the meaning of section Treasury Regulations Section 1.752-3(a)(3)) of the Income Tax Regulations, shall be allocated among the Members in proportion to accordance with their respective Percentage InterestsInterests or in such other manner as determined by the Manager.
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Samples: Limited Liability Company Agreement
Excess Nonrecourse Liabilities. Nonrecourse liabilities of the Company that constitute "The Company’s “excess nonrecourse liabilities" within the meaning of section ” (as defined in Regulations Section 1.752-3(a)(3)) of the Income Tax Regulations, shall be allocated among the Members in proportion to their respective Percentage Interests.
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