Allocation of Debt. For tax purposes, the indebtedness of the LLC shall be allocated among the Members under Code Section 752.
Allocation of Debt. Debt will be allocated as follows:
Allocation of Debt. (1) Debt will be allocated as follows:
Allocation of Debt. 15 Section 2.09. Ancillary Agreements Between Hilton and Gaming Co. . . . 17
Allocation of Debt. 16 Section 2.09. Ancillary Agreements Between Hilton and Park Place..................................19
Allocation of Debt. Prior to or contemporaneously with the consummation of the NextLevel Systems Distribution, each of the parties hereto will take such action and make such transfers so that, to the extent possible, as of the Distribution Time (a) the Actual GS Debt Amount (less the amount of any Cash and Cash Equivalents held by GS or the GS Subsidiaries) shall equal the GS Base Amount, and (b) the Actual CommScope Debt Amount (less the amount of any Cash and Cash Equivalents held by CommScope or the CommScope Subsidiaries) shall equal the CommScope Base Amount.
Allocation of Debt. Debt will be allocated pursuant to Treasury Regulation ss. 1.752-3(a)(3) based on ownership of the Senior Preferred Units, except that one tranche of debt with a principal amount not in excess of $100 million will be allocated based on ownership of the Senior Common Units.
Allocation of Debt. 21 Section 4.13
Allocation of Debt. For purposes of allocating excess nonrecourse liabilities among the Members pursuant to Treasury Regulations Section 1.752-3(a)(3), the Operating Member's interest in Company profits shall be 100% and the Class A Member's interest in profits shall be 0%.
Allocation of Debt. Debt will be allocated as follows: (a) any Debt of Parent, including without limitation any Debt secured by Parent Assets, shall be retained by Parent to be satisfied by Parent, except as set forth on Schedule 2.06; and (b) any Debt of Subsidiary, including without limitation any Debt secured by Subsidiary Assets shall be (i) retained as an obligation to be satisfied by Subsidiary or (ii) assumed by Subsidiary (as applicable) as part of the Assumed Liabilities. In addition, any Debt identified on Schedule B shall be assumed by Subsidiary as part of the Assumed Liabilities.
