Common use of Nonrecourse Deductions Clause in Contracts

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Managing Member determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Managing Member is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors determines that the Company’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interestspro rata as to Units of each Class. If the Board of Directors Managing Member determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Managing Member is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If all of the Board of Directors determines Members determine in their good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, Members are authorized to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Tax Matters Member determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Tax Matters Member is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Membership Interests. If the Board of Directors Company determines in its good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, the Board of Directors Company is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period year shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Company determines in its good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, the Board of Directors Company is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors determines in its good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage InterestsSharing Ratios. If the Board of Directors determines in its good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage InterestsSharing Ratios. If the Board of Directors determines in its good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Managers determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Managers is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors determines in its good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period year shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Company determines in its good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio ration to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, the Board of Directors Company is authorized, upon notice to the other Members, to revise the prescribed ratio ration to the numerically closest ratio that ration which does satisfy such the requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Manager determines in its good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Manager is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Managing Member acting in Good Faith determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Managing Member is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any such taxable period shall will be allocated to the Members in accordance with proportion to their respective Percentage InterestsSharing Ratios. If the Board of Directors determines Members determine in their good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Company is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Managers acting in Good Faith determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Managers is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage InterestsSharing Percentages. If the Board of Directors determines in its good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable ---------------------- period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Manager determines in its good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Manager is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage InterestsSharing Ratios. If the Board of Directors Managing Member determines in its good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Managing Member is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Equity Percentage Interests. If the Board of Directors determines in its good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any ---------------------- taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors Manager determines in its good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Manager is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interestsproportion to the initial capital contribution made by each of them. If the Board of Directors Manager determines in its good faith discretion that the Company’s Nonrecourse Deductions should nonrecourse deductions must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Manager is authorized, upon notice to the other Members, authorized to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Company Board of Directors determines by Unanimous Consent that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, then the Company Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period Taxable Period shall be allocated to the Members in accordance with their respective Percentage InterestsSharing Ratios. If the Board of Directors determines that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, as to the allocation of such deductions, the Board of Directors is authorizedshall, upon notice to the other Members, to revise the prescribed ratio foregoing ratios so as to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period Tax Period shall be allocated to among the Members in accordance with their respective Percentage Intereststhe ratio in which taxable income is allocated to the Members with respect to such Tax Period. If the Board of Directors determines that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, authorized to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any such taxable period shall be allocated to the Members in accordance with their respective Percentage Membership Interests. If the Board of Directors determines Members, by a Majority Interest, determine in their good faith discretion that the Company’s 's Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, the Board of Directors Company is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members Shareholders in accordance with their respective Percentage Interests. If the Board of Directors Managing Owner determines that the CompanyFund’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors Managing Owner is authorized, upon notice to the other MembersShareholders, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If all of the Board of Directors determines Members determine in their good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the Board of Directors is authorized, upon notice to the other Members, Members are authorized to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Common Percentage Interests. If all of the Board of Directors determines Members determine in their good faith discretion that the Company’s Nonrecourse Deductions should must be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Code Section 704(b) of the Code), the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.34

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Membership Interests. If the Board of Directors determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that which does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors determines that the Company’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.

Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Members in accordance with their respective Percentage Interests. If the Board of Directors determines that the Company’s 's Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury Regulations promulgated under Section 704(b) of the Code, the Board of Directors is authorized, upon notice to the other Members, to revise the prescribed ratio to the numerically closest ratio that does satisfy such requirements.