Allocation of Profit and Loss for United States Federal Income Tax Purposes. As of the end of each Fiscal Year of each Series, the Series’ recognized profit and loss shall be allocated among the Interestholders pursuant to the following subparagraphs for federal income tax purposes. Except as otherwise provided herein, such allocations of profit and loss shall be pro rata from Disposition Gain (or Disposition Loss) and Profits (or Losses).
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Samples: Trust Agreement (World Monitor Trust Ii Series E), Trust Agreement (World Monitor Trust Ii Series F), Trust Agreement (World Monitor Trust Series A)
Allocation of Profit and Loss for United States Federal Income Tax Purposes. As of the end of each Fiscal Year of each SeriesYear, the Series’ recognized profit and loss of a Series shall be allocated among the Interestholders Owners of that Series (and among Classes of a Series as appropriate) pursuant to the following subparagraphs for federal income tax purposes. Except as otherwise provided herein, such allocations of profit and loss shall be pro rata from Disposition Gain (or Disposition Loss) and Profits (or Losses).
Appears in 2 contracts
Samples: Trust Agreement (Brookshire Raw Materials (U.S.) Trust), Trust Agreement (Brookshire Raw Materials (U.S.) Trust)
Allocation of Profit and Loss for United States Federal Income Tax Purposes. As of the end of each Fiscal Year of each Series, the Series’ ' recognized profit and loss shall be allocated among the Interestholders pursuant to the following subparagraphs for federal income tax purposes. Except as otherwise provided herein, such allocations of profit and loss shall be pro rata from Disposition Gain (or Disposition Loss) and Profits (or Losses).
Appears in 2 contracts
Samples: Trust and Trust Agreement (World Monitor Trust Series A), Trust and Trust Agreement (World Monitor Trust Series B)
Allocation of Profit and Loss for United States Federal Income Tax Purposes. As of the end of each Fiscal Year of each a Series, the Series’ recognized profit and or loss of such Series shall be allocated among the Interestholders Interest Holders of such Series pursuant to the following subparagraphs for federal income tax purposes. Except as otherwise provided herein, such allocations of profit and loss shall be pro rata from Disposition Gain (or Disposition Loss) and Profits (or Losses).
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