Common use of Excess Nonrecourse Liabilities Clause in Contracts

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), the Partners’ interests in Partnership profits are in proportion to their Percentage Interests.

Appears in 7 contracts

Sources: Limited Partnership Agreement (Cke Restaurants Inc), Limited Partnership Agreement (Aeroways, LLC), Limited Partnership Agreement (Verso Paper Corp.)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), the Partners’ interests in Partnership profits are in proportion to their Percentage Interestsrespective Partnership Percentages.

Appears in 6 contracts

Sources: Limited Partnership Agreement (Safeway Stores 42, Inc.), Limited Partnership Agreement (Safeway Stores 42, Inc.), Limited Partnership Agreement (Safeway Stores 42, Inc.)

Excess Nonrecourse Liabilities. Solely for For purposes of determining a Partner’s 's proportionate share of the "excess nonrecourse liabilities" of the Partnership within the meaning of Treasury Regulations Section 1.752-3(a)(3), the Partners’ interests each Partner's interest in Partnership profits are in proportion shall be deemed to their be equal to such Partner's Percentage InterestsInterest.

Appears in 4 contracts

Sources: Limited Partnership Agreement (Insight Communications Co Inc), Limited Partnership Agreement (Falcon Funding Corp), Partnership Agreement (Adelphia Communications Corp)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s 's proportionate share of the "excess nonrecourse liabilities" of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), such "excess nonrecourse liabilities" first shall be allocated to those Partners who have, and in an amount equal to, such Partners' built-in gain under Regulations Section 1.704-3(a)(3)(ii) less any Nonrecourse Built-in Gain, and then shall be allocated among the Partners’ interests Partners in Partnership profits are in proportion to accordance with their respective Percentage Interests.

Appears in 4 contracts

Sources: Agreement of Limited Partnership (Fac Realty Trust Inc), Limited Partnership Agreement (Fac Realty Inc), Limited Partnership Agreement (Boddie Noell Properties Inc)

Excess Nonrecourse Liabilities. Solely for For purposes of determining a ------------------------------ Partner’s 's proportionate share of the "excess nonrecourse liabilities" of the Partnership within the meaning of Treasury Regulations Section 1.752-3(a)(3), the Partners’ interests each Partner's interest in Partnership profits are in proportion shall be deemed to their be equal to such Partner's Percentage InterestsInterest.

Appears in 3 contracts

Sources: Limited Partnership Agreement (Insight Capital Inc), Limited Partnership Agreement (Insight Capital Inc), Limited Partnership Agreement (Insight Communications Co Inc)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-1.752- 3(a)(3), the Partners’ interests in Partnership profits are in proportion to their Percentage Interestsrespective Partnership Percentages.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Safeway Stores 42, Inc.), Limited Partnership Agreement (Safeway Stores 42, Inc.)

Excess Nonrecourse Liabilities. Solely To the extent applicable, for purposes of determining a Partner’s proportionate share the allocation of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), ) to the Partners’ interests , each Partner’s interest in Partnership profits are shall be in proportion to their its Percentage InterestsInterest.

Appears in 2 contracts

Sources: Contribution Agreement (Thomas Properties Group Inc), Contribution Agreement (Thomas Properties Group Inc)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “The "excess nonrecourse liabilities" of the Partnership (within the meaning of Regulations Regulation Section 1.752-3(a)(3), ) shall be allocated among the Partners in accordance with the Partners’ interests in Partnership profits are in proportion to their ' Percentage Interests.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Strategic Timber Trust Inc), Agreement of Limited Partnership (Strategic Timber Trust Inc)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Treasury Regulations Section 1.7521 .752-3(a)(3), the Partners’ interests in Partnership profits are as follows: General Partner zero percent (0%) and Limited Partners one hundred percent (100%) (in proportion to their Percentage InterestsContributions).

Appears in 1 contract

Sources: Limited Partnership Agreement (Plymouth Opportunity REIT Inc.)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-1.752 3(a)(3)) of the Regulations, the Partners’ respective interests in Partnership profits are Profits shall be those percentage interests set forth in proportion Section 4.01 (determined without regard to their Percentage InterestsSection 4.02).

Appears in 1 contract

Sources: Agreement of Limited Liability Limited Partnership

Excess Nonrecourse Liabilities. Solely for For purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section U.S. Department of Treasury Reg. §1.752-3(a)(3), the Partners’ interests each Partner’s interest in Partnership profits are in proportion shall be proportionate to their such Partner’s relative Percentage InterestsInterest.

Appears in 1 contract

Sources: Limited Partnership Agreement (Industrial Property Trust Inc.)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), the such “excess nonrecourse liabilities” first shall be allocated to those Partners who have, and in an amount equal to, such Partners’ interests built-in Partnership profits are gain under Regulations Section 1.704-3(a)(3)(ii) less any Nonrecourse Built-in proportion to Gain, and then shall be allocated among the Partners in accordance with their respective Percentage Interests.

Appears in 1 contract

Sources: Limited Partnership Agreement (Highwoods Properties Inc)

Excess Nonrecourse Liabilities. Solely for For purposes of determining a Partner’s proportionate share of the Partnership “excess nonrecourse liabilities” of the Partnership within the meaning of Treasury Regulations Section 1.752-3(a)(3), the Partners’ interests in shares of Partnership profits are shall be deemed to be in proportion to their pro rata share of the outstanding Percentage Interests.

Appears in 1 contract

Sources: Limited Offering Memorandum (HappyNest REIT, Inc.)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), the Partners’ interests each Partner’s interest in Partnership profits are in proportion to their shall be such Partner’s Percentage InterestsInterest.

Appears in 1 contract

Sources: Limited Partnership Agreement (Commercial Net Lease Realty Inc)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s the Partners’ proportionate share shares of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), the Partners’ interests in Partnership profits are Profits shall be in proportion to their Percentage InterestsUnits.

Appears in 1 contract

Sources: Partnership Agreement (Texas Unwired)

Excess Nonrecourse Liabilities. Solely for purposes of ------------------------------ determining a Partner’s the Partners' proportionate share shares of the "excess nonrecourse liabilities" of the Partnership within the meaning of Regulations Section 1.752-1.752- 3(a)(3), the Partners' interests in Partnership profits are Profits shall be in proportion to their Percentage InterestsUnits.

Appears in 1 contract

Sources: Omnibus Agreement (Unwired Telecom Corp)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Treasury Regulations Section 1.752-3(a)(31.7523(a)(3), the Partners’ interests in Partnership profits are as follows: General Partner zero percent (0%) and Limited Partners one hundred percent (100%) (in proportion to their Percentage InterestsContributions).

Appears in 1 contract

Sources: Limited Partnership Agreement (Plymouth Opportunity REIT Inc.)

Excess Nonrecourse Liabilities. Solely for purposes of determining a Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership within the meaning of Regulations Section 1.752-3(a)(3), the Partners’ interests in Partnership profits are in proportion to their Percentage Intereststhe Partners’ economic interests in the Partnership.

Appears in 1 contract

Sources: Limited Partnership Agreement