Member Nonrecourse Deductions. Any Member Nonrecourse Deductions (as defined under Treas. Reg. Section 1.704-2(i)(2)) shall be allocated pursuant to Treas. Reg. Section 1.704-2(i) to the Member who bears the economic risk of loss with respect to the partner nonrecourse debt to which it is attributable.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (Duncan Energy Partners L.P.), Limited Liability Company Agreement (OGE Enogex Partners L.P.)
Member Nonrecourse Deductions. Any Member Nonrecourse Deductions (as defined under nonrecourse deductions, within the meaning of Treas. Reg. Section 1.704-2(i)(I) and 1.704-2(i)(2)) , for any fiscal year or other period shall be specially allocated pursuant to Treas. Reg. Section 1.704-2(i) to the Member who bears the economic risk of loss with respect to the partner Member nonrecourse debt to which it is attributablesuch Member nonrecourse deductions are attributable in accordance with Treas. Regulations Section 1.704-2(i).
Appears in 2 contracts
Samples: Operating Agreement (Cbci Income & Growth Fund LLC), Operating Agreement (Cbci Income & Growth Fund LLC)
Member Nonrecourse Deductions. Any Member Nonrecourse Deductions (as defined under Treas. Reg. Section 1.704-2(i)(2)) shall be allocated pursuant to Treas. Reg. Section 1.704-2(i) to the Member who bears the economic risk of loss with respect to the partner nonrecourse debt to which it is attributable.to
Appears in 1 contract
Samples: Limited Liability Company Agreement (Duncan Energy Partners L.P.)
