Common use of Nonrecourse Liabilities Clause in Contracts

Nonrecourse Liabilities. Nonrecourse Liabilities of the Partnership described in Regulations Section 1.752-3(a)(3) shall be allocated among the Partners in the manner chosen by the General Partner and consistent with such section of the Regulations.

Appears in 32 contracts

Sources: Limited Partnership Agreement (Howard Midstream Partners, LP), Limited Partnership Agreement (Howard Midstream Partners, LP), Limited Partnership Agreement (Hess Midstream Partners LP)