Common use of Recourse Debt Clause in Contracts

Recourse Debt. Items of deduction and loss attributable to “recourse debt” within the meaning of Treasury Regulations section 1.752-1 (but excluding “partner nonrecourse debt” as defined in Section 7.1(b)(v) hereof), will be allocated to the Members bearing the economic risk of loss with respect to such debt.

Recourse Debt. Items of loss and deduction and loss attributable to “------------- "recourse debt” " within the meaning of Treasury Regulations section Regulation Section 1.752-1 (but excluding “"partner nonrecourse debt” as defined in Section 7.1(b)(v) hereof"), will be allocated with respect to which not all of the Members bearing Partners bear the economic risk of loss loss, shall be allocated solely to the Partners who bear the economic risk with respect to such debt, and as amongst such Partners, in proportion to their respective share of the risk of loss attributable to such debt.

Recourse Debt. Items of loss and deduction and loss attributable to “"recourse debt” " within the meaning of Treasury Regulations section Regulation Section 1.752-1 (but excluding “"partner nonrecourse debt” as defined in Section 7.1(b)(v) hereof"), will be allocated with respect to which not all of the Members bearing Partners bear the economic risk of loss loss, shall be allocated solely to the Partners who bear the economic risk with respect to such debt, and as amongst such Partners, in proportion to their respective share of the risk of loss attributable to such debt.

Recourse Debt. Items of loss and deduction and loss attributable to “recourse debt” within the meaning of Treasury Regulations section Regulation Section 1.752-1 (but excluding “partner nonrecourse debt” as defined in Section 7.1(b)(v) hereof”), will be allocated with respect to which not all of the Members bearing Partners bear the economic risk of loss loss, shall be allocated solely to the Partners who bear the economic risk with respect to such debt, and as amongst such Partners, in proportion to their respective share of the risk of loss attributable to such debt.