Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s taxable income or loss, respectively, for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 6 contracts
Samples: Limited Liability Company Agreement (ElectroCore, LLC), Limited Liability Company Agreement (ElectroCore, LLC), Limited Liability Company Agreement (Hc2 Holdings, Inc.)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s 's taxable income or loss, respectively, for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Altera Infrastructure L.P.), Limited Liability Company Agreement (Altera Infrastructure L.P.), Limited Liability Company Agreement (Teekay Offshore Partners L.P.)
Definition of Profits and Losses. “Profits” " and “"Losses” " mean, for each Taxable Fiscal Year or other period, an amount equal to the Company’s Partnership's taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 4 contracts
Samples: Distribution and Contribution Agreement (Interstate Hotels & Resorts Inc), Limited Partnership Agreement (Suiza Foods Corp), Distribution and Contribution Agreement (Interstate Hotels & Resorts Inc)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Fiscal Year or other period, an amount equal to the Company’s taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Dean Foods Co), Limited Liability Company Agreement (Consolidated Container Co LLC), Limited Liability Company Agreement (Consolidated Container Co LLC)
Definition of Profits and Losses. “Profits” " and “"Losses” " mean, for each Taxable Year or other period, an amount equal to the Company’s 's taxable income or loss, respectively, loss for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Business Sound Inc), Limited Liability Company Agreement (Business Sound Inc), Limited Liability Company Agreement (Sealy Corp)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the CompanyPartnership’s taxable income or loss, respectively, for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 3 contracts
Samples: Limited Liability Limited Partnership Agreement (Ladder Capital Finance Holdings LLLP), Limited Liability Limited Partnership Agreement (Ladder Capital Corp), Limited Liability Limited Partnership Agreement (Ladder Capital Finance Corp)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Fiscal Year or other period, an amount equal to the Company’s taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section section 703(a) (for this purpose, all items of income, gain, loss loss, or deduction required to be stated separately pursuant to Code Section section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (New Home Co LLC), Limited Liability Company Agreement (New Home Co LLC)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s taxable income or loss, respectively, loss for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Convergence, LLC), Limited Liability Company Agreement (Ladder Capital Commercial Mortgage Securities LLC)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s Partnership's taxable income or loss, respectively, for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Recapitalization Agreement (Grande Communications Holdings, Inc.), Limited Partnership Agreement (Grande Communications Holdings, Inc.)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s New Series’ taxable income or loss, respectively, for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Limited Liability Limited Partnership Agreement (TCP-ASC ACHI Series LLLP), Limited Liability Limited Partnership Agreement (TCP-ASC ACHI Series LLLP)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s taxable income or loss, respectively, loss for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1703(a)(l) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Tempur Pedic International Inc), Limited Liability Company Agreement (Sealy Texas Holdings LLC)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s taxable income or loss, respectively, for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:adjustments (to the extent not otherwise taken into account in computing Profits or Losses):
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Zugel Christian), Limited Liability Company Agreement (Zugel Christian)
Definition of Profits and Losses. “Profits” " and “"Losses” " mean, -------------------------------- ------- ------ for each Taxable Year or other period, an amount equal to the Company’s 's taxable income or loss, respectively, loss for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sealy Corp), Limited Liability Company Agreement (Muzak Finance Corp)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s taxable income or loss, respectively, for such Taxable Year or other period, determined in accordance with Code Section 703(a) (and, for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Securities Purchase Agreement (Language Line Services Holdings, Inc.), Limited Liability Company Agreement (Language Line Services Holdings, Inc.)
Definition of Profits and Losses. “Profits” " and “"Losses” " mean, for each Taxable Year fiscal year or other period, an amount equal to the Company’s Partnership's taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Limited Partnership Agreement (Interstate Hotels Corp)
Definition of Profits and Losses. “Profits” " and “"Losses” " mean, for each Taxable Fiscal Year or other period, an amount equal to the Company’s 's taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section 703(aSection'703 (a) (for this purpose, all items of income, gain, loss loss, or deduction required to be stated separately pursuant to Code Section 703(a)(1703(a)(l) shall will be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Definition of Profits and Losses. “Profits” " and “"Losses” " mean, for each Taxable Fiscal Year or other period, an amount equal to the Company’s 's taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Suiza Foods Corp)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s taxable income or loss, respectively, of the Partnership and each Series for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Limited Liability Limited Partnership Agreement (Ladder Capital Corp)
Definition of Profits and Losses. “Profits” " and “"Losses” " mean, for each Taxable Year fiscal year or other period, an amount equal to the Company’s Partnership's taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Definition of Profits and Losses. “Profits” " and “"Losses” " -------------------------------- ------- ------ mean, for each Taxable Year or other period, an amount equal to the Company’s 's taxable income or loss, respectively, loss for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bi Acquisition LLC)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other periodYear, an amount equal to the CompanyPartnership’s taxable income or loss, respectively, for such Taxable Year or other periodYear, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Limited Partnership Agreement (Newtek Business Services Corp.)
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Fiscal Year or other period, an amount equal to the CompanyPartnership’s taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section section 703(a) (for this purpose, all items of income, gain, loss loss, or deduction required to be stated separately pursuant to Code Section section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Definition of Profits and Losses. “Profits” and “Losses” mean, for each Taxable Year or other period, an amount equal to the Company’s taxable income or loss, respectively, of a Series for such Taxable Year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Limited Liability Limited Partnership Agreement (Ladder Capital Corp)
Definition of Profits and Losses. For purposes of this Agreement, “Profits” and “Losses” for each fiscal year or other period shall mean, for each Taxable Year or other periodrespectively, an amount equal to the Company’s taxable income or loss, respectively, lose for such Taxable Year year or other period, determined in accordance with Code Section § 703(a) of the Code (but including in the Company’s taxable income or loss, for this purpose, all items of gain, income, gain, loss or deduction required to be separately stated separately pursuant to § 703 (a)(1) of the Code Section 703(a)(1) shall be included in taxable and income or lossotherwise exempt from tax), with the following adjustments:.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cooke Bros Holdings LTD)
Definition of Profits and Losses. “Profits” " and “"Losses” " mean, for each Taxable Fiscal Year or other period, an amount equal to the Company’s 's taxable income or loss, respectively, loss for such Taxable Year year or other period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss loss, or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall will be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
