Common use of Allocation of Excess Nonrecourse Liabilities Clause in Contracts

Allocation of Excess Nonrecourse Liabilities. “Excess nonrecourse liabilities” of the Fund as used in Section 1.752-3(a)(3) of the Treasury Regulations will first be allocated among the Member pursuant to the “additional method” described in that section and then in accordance with the manner in which the Administrator expects the nonrecourse deductions allocable to those liabilities will be allocated.

Allocation of Excess Nonrecourse Liabilities. “Excess nonrecourse liabilities” " of the Fund as used in Section 1.752-3(a)(3) of the Treasury Regulations will first be allocated among the Member pursuant to the “"additional method” " described in that section and then in accordance with the manner in which the Administrator Manager expects the nonrecourse deductions allocable to those liabilities will be allocated.

Allocation of Excess Nonrecourse Liabilities. “Excess nonrecourse liabilities” of the Fund Company as used in Section 1.752-3(a)(3) of the Treasury Regulations will shall first be allocated among the Member pursuant to the “additional method” described in that such section and then in accordance with the manner in which the Administrator Manager expects the nonrecourse deductions allocable to those such liabilities will be allocated.allocated.‌

Allocation of Excess Nonrecourse Liabilities. “Excess nonrecourse liabilities” of the Fund Company as used in Section 1.752-3(a)(3) of the Treasury Regulations will first be allocated among the Member pursuant to the “additional method” described in that section and then in accordance with the manner in which the Administrator Manager expects the nonrecourse deductions allocable to those liabilities will be allocated.