Risk of Loss Allocation. Any item of Member Nonrecourse Deduction (as defined in Regulation Section 1.704-2(i)(2)) with respect to a Member Nonrecourse Debt (as defined in Regulation Section 1.704-2(b)(4)) shall be allocated to the Member or Members who bear the economic risk of loss for such Member Nonrecourse Debt in accordance with Regulations Section 1.704-2(i)(1).
Appears in 4 contracts
Samples: Operating Agreement (Ballantyne of Omaha Inc), Limited Liability Company Agreement (Metropolis Realty Trust Inc), Limited Liability Company Agreement (Metropolis Realty Holdings LLC)
Risk of Loss Allocation. Any item of Member Nonrecourse Deduction (as defined in Regulation Section 1.704-2(i)(2)) with respect to a Member Nonrecourse Debt (as defined in Regulation Section 1.704-2(b)(4)) shall be allocated to the Member or Members who bear the economic risk of loss for such Member Nonrecourse Debt in accordance with Regulations Section 1.704-2(i)(12(i)(l).
Appears in 2 contracts
Samples: Operating Agreement (RealD Inc.), Operating Agreement (RealD Inc.)
Risk of Loss Allocation. Any item of Member Nonrecourse Deduction nonrecourse deduction (as defined in Regulation Section 1.704-2(i)(2)) with respect to a Member Nonrecourse Debt nonrecourse debt (as defined in Regulation Section 1.704-2(b)(4)) shall be allocated to the Member or Members who bear the economic risk of loss for such Member Nonrecourse Debt nonrecourse debt in accordance with Regulations Section 1.704-2(i)(1).
Appears in 1 contract
Samples: Operating Agreement (Newgold Inc)
