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.
Appears in 5 contracts
Sources: Limited Partnership Agreement (NorthStar Realty Europe Corp.), Agreement of Limited Partnership (NorthStar Realty Europe Corp.), Limited Partnership Agreement (NorthStar Asset Management Group Inc.)
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.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Northstar Realty), Limited Partnership Agreement (Northstar Realty)