Nonrecourse Liabilities definition

Nonrecourse Liabilities has the meaning set forth in Section 1.704-2(b)(3) of the Regulations.

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Nonrecourse Liabilities means the liabilities of the Company treated as “nonrecourse liabilities” under Section 1.752-1(a)(2) of the Treasury Regulations.

Nonrecourse Liabilities shall have the meaning set forth in Section 6.l(d)(l) hereof.

Examples of Nonrecourse Liabilities in a sentence

• For purposes of Treasury Regulation Section 1.752-3(a)(3), the Partners agree that Nonrecourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Nonrecourse 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 Nonrecourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Nonrecourse Built-in Gain shall be allocated among the Partners Pro Rata.

• 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.

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

• For this purpose, the General Partner shall have the sole and absolute discretion in any Fiscal Year to allocate such excess Nonrecourse Liabilities among the Partners in any manner permitted under Code Section 752 and the Regulations thereunder.

More Definitions of Nonrecourse Liabilities

Nonrecourse Liabilities means, with respect to any Series, nonrecourse liabilities (or portions thereof) associated with the Series for which no Member bears the economic risk of loss, as determined under Treasury Regulation Sections 1.704-2(b)(3) and 1.752-1(a)(2).

Nonrecourse Liabilities shall have the meaning set forth in Treas. Reg. § 1.704-2(b)(3).

Nonrecourse Liabilities shall have the meaning set forth in Section 6.1(d)(i).

Nonrecourse Liabilities means liabilities of the Partnership treated as "nonrecourse liabilities" under Section 1.704-2(b)(3) of the Treasury Regulations.

Nonrecourse Liabilities. Shall have the meaning ascribed to such term in U.S. Treasury Regulations Section 1.704-2(b)(3).

Nonrecourse Liabilities has the meaning set forth in Treasury Regulation Section 1.752-1(a)(2).

Nonrecourse Liabilities has the meaning set forth in Section 1.704-2(b)(3) and 1.752(a)(2) of the Regulations.