An exchange (or modification) of an outstanding debt instrument for a nonrecourse debt instrument is not a potentially abusive situation solely by reason of the receipt of the nonrecourse financing
It will also promote a long-term, nonrecourse financing
of the public asset investments, and introduce incentive-based Public Based Management Contracts ("PBMCs").
The contract has been signed to facilitate nonrecourse financing
and to develop, construct and own up to one GW of utility-scale solar photovoltaic projects in China over the next three years.
The venture will focus on facilitating nonrecourse financing
and developing up to 1GW of utility-scale PV projects in China over the next three years.
A regional bank provided nonrecourse financing
for the construction of a 59,582 square foot office building in Queens County, New York.
ABC, through the use of $800,000 in nonrecourse financing
and $200,000 in cash, purchased several horses as a part of this breeding program.
Of this amount, 75 percent is expected to be funded by nonrecourse financing
while the remaining 25 percent will be funded by equity.
Congress enacted the at-risk rules of section 465 as part of the 1976 Tax Reform Act, effective for years beginning in 1976, to limit a taxpayer's ability to use nonrecourse financing
to generate tax losses in excess of the taxpayer's economic risk.
Treasury Secretary Timothy Geithner's new public-private investment program to buy toxic assets has few takers, despite subsidized nonrecourse financing
, So the toxic assets remain on bank (and other) balance sheets.
The loan was structured to be a 35-year self-amortizing, nonrecourse financing
and was funded to 85 percent of value.
An owner's at-risk amount is an ever-changing number equal to: 1) cash or the adjusted basis of noncash property contributed to the business, plus 2) most recourse borrowings by the business for which the owner has personal liability, plus 3) the owner's share of amounts borrowed for use in the business that are qualified nonrecourse financing
(qualified nonrecourse financing
is present if the business has nonrecourse debt collateralized with real property it uses in its business), plus 4) the owner's share of flowed-through income items.
The proposed regulations also deal with whether qualified nonrecourse financing
may be secured by property that is incidental to the activity of holding real property.