Determination of Gains and Losses Sample Clauses

Determination of Gains and Losses. After such adjustments the Coordinating Group shall assign the increments from storage to all upstream reservoirs in proportion to each reservoir's storage release during the Critical Period. The Ps for each reservoir shall be the sum of these increments, in megawatt months, computed for such reservoir, including the increment computed at the reservoir Project itself, divided by the number of months in the Critical Period. The Ph for each reservoir Project shall be the sum of the energy, megawatt months, over the Critical Period from unregulated flow and from releases from at-site and upstream storage, divided by the number of months in the Critical Period.
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Determination of Gains and Losses. For each Restoration Project the Coordinating Group shall determine the amount of gain or loss for the Critical Period according to Formula 6.4 below. Formula 6.4 Q = Pw - (Sw/Sw/o)Pw/o Where, Q = Restoration Project gain or loss, in megawatts; provided the amount of any loss shall not exceed the Restoration Project’s “Restoration-Limit Megawatts” set forth in Exhibit E, Limits of Rights to Restoration. Pw = Critical Period Energy Capability, in megawatts, of each Restoration Project from the Final Regulation (with Treaty Storage) after adjustment for tailwater encroachment. Pw/o = Critical Period Energy Capability, in megawatts, of each Restoration Project from the Restoration Regulation (without Treaty Storage) after adjustment for tailwater encroachment. Sw = Average EFEL, in megawatts, of the Party that includes the Restoration Project in its Firm Resources for the Critical Period determined with Treaty Storage. Sw/o = Average EFEL, in megawatts, of the Party that includes the Restoration Project in its Firm Resources for the Critical Period determined without Treaty Storage and for all repetitions of such Critical Period included in the Critical Period with Treaty Storage.
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Determination of Gains and Losses. Terminal gains and losses shall be determined on a monthly basis in the following manner: (1) opening tank physical inventory plus; (2) receipt into Terminal, less (3) the sum of deliveries through the loading rack meters, plus/minus (4) the sum of transferred product into or from the tank, versus the closing physical inventory, equals loss or gain. The monthly gains and losses shall be accumulated to determine the gain or loss for the calendar year. Once the gain or loss for the calendar year is determined, the tolerances and adjustments of Section 8.2 shall be applied to arrive at an adjusted gain or loss for such calendar year. The CUSTOMER’s closing inventory of one year shall be the CUSTOMER’s opening inventory for the following year.
Sample 1
Determination of Gains and Losses. As of the --------------------------------- close of business on the last day of each Fiscal Year, Profits, Capital Transaction Gain, Losses and Capital Transaction Loss of the Company shall be determined and shall be allocated as provided in this Article VI.
Sample 1

Related to Determination of Gains and Losses

  • Net Termination Gains and Losses After giving effect to the special allocations set forth in Section 6.1(d), all items of income, gain, loss and deduction taken into account in computing Net Termination Gain or Net Termination Loss for such taxable period shall be allocated in the same manner as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of Available Cash provided under Sections 6.4 and 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Allocations of Profits and Losses Except as otherwise provided in this Agreement, Profits and Losses (and, to the extent necessary, individual items of income, gain or loss or deduction of the Partnership) shall be allocated in a manner such that the Capital Account of each Partner after giving effect to the Special Allocations set forth in Section 5.05 is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made pursuant to Article IV if the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Partnership liabilities were satisfied (limited with respect to each non-recourse liability to the Carrying Value of the assets securing such liability) and the net assets of the Partnership were distributed to the Partners pursuant to this Agreement, minus (ii) such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit. Notwithstanding the foregoing, the General Partner shall make such adjustments to Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a partner’s interest in the Partnership.

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows:

  • Profits and Losses For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.

  • Net Loss After giving effect to the special allocations set forth in Section 6.1(d), Net Loss for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Loss for such taxable period shall be allocated as follows:

  • Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.

  • Participation in Profits and Losses All profits and losses of the Company will be allocated to the Member.

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