Nonrecourse Deduction. Any "Nonrecourse Deductions" as defined in Treasury Regulations ss. 1.7042(c) for any Fiscal year or other period shall be specially allocated as items of loss in the manner provided in Treasury Regulations ss. 1.7042(j)(1)(ii).
Appears in 3 contracts
Sources: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)