Nonrecourse Deductions and Partner Nonrecourse Deductions. Any --------------------------------------------------------- Nonrecourse Deductions for any Fiscal Year shall be specially allocated to the Holders of Partnership Units in accordance with their share of Net Loss under Section 6.2. Any Partner Nonrecourse Deductions for any Fiscal Year shall be specially allocated to the Holder(s) who bears the economic risk of loss with respect to the Partner Nonrecourse Debt to which such Partner Nonrecourse Deductions are attributable, in accordance with Regulations Section 1.704-2(i).
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Sources: Limited Partnership Agreement (Cornerstone Realty Income Trust Inc)
Nonrecourse Deductions and Partner Nonrecourse Deductions. Any --------------------------------------------------------- Nonrecourse Deductions for any Fiscal Year shall be specially allocated to the Holders of Partnership Units in accordance with their share respective shares of Net Loss under the Nonrecourse Liabilities of the Partnership, determined in accordance with Section 6.21.752-3 of the Treasury Regulations. Any Partner Nonrecourse Deductions for any Fiscal Year shall be specially allocated to the Holder(sUnitholder(s) who bears the economic risk of loss with respect to the Partner Nonrecourse Debt to which such Partner Nonrecourse Deductions are attributable, in accordance with Regulations Section 1.704-2(i)1.7042(i) of the Treasury Regulations.
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