Common use of Allocation of Excess Nonrecourse Liabilities Clause in Contracts

Allocation of Excess Nonrecourse Liabilities. For purposes of determining a Holder’s proportional share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulation Section 1.752-3(a)(3), the General Partner may use any method of allocation described in Regulation Section 1.752-3(a)(3) and the relevant interpretative authorities.

Allocation of Excess Nonrecourse Liabilities. For purposes of determining a Holder’s 's proportional share of the “"excess nonrecourse liabilities” " of the Partnership within the meaning of Regulation Section 1.752-3(a)(3), the General Partner may use any method of allocation described in Regulation Section 1.752-3(a)(3) and the relevant interpretative authorities.