Non-Recourse Liabilities definition

Non-Recourse Liabilities means, in respect of the Corporation or any subsidiary thereof as of a given date, the non-recourse liabilities as described in subparts (a) through and including (h) of the definition of “Total Borrowings” below and of the types, if any, presented in the Corporation’s consolidated financial statements.

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Non-Recourse Liabilities means, in respect of the Company or any Subsidiary thereof as of a given date, the non-recourse liabilities as described in clauses (a) through (h) of the definition of Total Borrowings that neither the Company nor any other Subsidiary thereof provides any credit support of any kind to or is directly or indirectly liable as a guarantor or otherwise, other than a pledge of the equity interests in the Non-Recourse Subsidiary.

Non-Recourse Liabilities. Include both Company Non-Recourse Liabilities and Member Non-Recourse Liabilities.

Examples of Non-Recourse Liabilities in a sentence

For purposes of Treasury Regulation Section 1.752-3(a)(3), the Partners agree that Non-Recourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Non-Recourse Built-in Gain shall be allocated among the Partners in accordance with their respective Percentage Interests.
For purposes of Treasury Regulation Section 1.752-3(a)(3), the Partners agree that Non-Recourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Non-Recourse Built-in Gain shall be allocated among the Partners in accordance with their respective Sharing Percentages.
Allocations of gross income and gain pursuant to this Section shall be made (a) first from gain recognized from the disposition of Company assets subject to Non-Recourse Liabilities, to the extent of the Minimum Gain attributable to those assets, and (b) thereafter from a pro rata portion of the Company’s other items of income and gain for the taxable year.
The winding up of the Company shall be completed when all debts, liabilities and obligations of the Company (except as provided in Section 6.3(a) hereof as to Non-Recourse Liabilities) have been paid and discharged or reasonably adequate provision therefor has been made, and all of the remaining property and assets of the Company have been distributed.

More Definitions of Non-Recourse Liabilities

Non-Recourse Liabilities means, in respect of Atlas Corp. or any subsidiary thereof as of a given date, the non-recourse liabilities as described in subparts (a)-(h) of the definition of Total Borrowings which neither Atlas Corp. nor any other subsidiary thereof provides any credit support of any kind to or is directly or indirectly liable as a guarantor or otherwise, other than a pledge of the equity interests in the Non-Recourse Subsidiary.

Non-Recourse Liabilities means, in respect of Atlas as of a given date, the non-recourse liabilities as described in subparts (a)-(h) of the definition of Total Borrowings and of the types, if any, presented in Atlas’ consolidated financial statements.

Non-Recourse Liabilities means liabilities of a Special Purpose Subsidiary where such liabilities are not the subject of any guarantee, indemnity or similar assurance from any other Group Member other than a Permitted Assurance and, except for recourse in respect of such Permitted Assurance, there is no other recourse for any payment in respect of such liabilities to the assets of any other Group Member other than recourse to the shares in such Special Purpose Subsidiary charged as security for such liabilities;

Non-Recourse Liabilities means, in respect of the Company as of any given Measurement Date, the non-recourse liabilities as described in subparts (a)-(h) of the definition of Total Borrowings and of the types, if any, presented in the Company’s consolidated balance sheet as of such date.

Non-Recourse Liabilities has the meaning set forth in Treasury Regulations Section 1.752-1(a)(2).