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Common use of Nonrecourse Liabilities Clause in Contracts

Nonrecourse Liabilities. Nonrecourse Liabilities of the Partnership described in Regulations Section 1.752-3(a)(3) shall be allocated among the Partners in the manner chosen by the General Partner and consistent with such section of the Regulations.

Appears in 32 contracts

Sources: Limited Partnership Agreement (Howard Midstream Partners, LP), Limited Partnership Agreement (Howard Midstream Partners, LP), Limited Partnership Agreement (Hess Midstream Partners LP)

Related Clauses

  • Excess Nonrecourse Liabilities
  • Minimum Gain Chargeback (Nonrecourse Liabilities)
  • Allocation of Excess Nonrecourse Liabilities
  • Member Nonrecourse Debt Minimum Gain Chargeback
  • Partner Nonrecourse Debt Minimum Gain Chargeback

Parent Clauses

  • Special Allocations
  • Allocations for Capital Account Purposes
  • Allocations and Distributions
  • Allocations
  • Miscellaneous

Sub-Clauses

  • DISTRIBUTIONS TO PARTNERS
  • Addresses and Notices
  • Liquidation Distributions
  • Reports
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