Determination of Profits and Losses. For purposes of this Agreement, the profit (“Profit”) or loss (“Loss”) of the Company for each Fiscal Year shall be the net income or net loss of the Company, as the case may be, for such Fiscal Year as determined for Federal income tax purposes, but computed with the following adjustments:
Appears in 4 contracts
Samples: Limited Partnership Agreement, Partnership Agreement, Limited Liability Limited Partnership Agreement (Strategic Hotel Capital Inc)
Determination of Profits and Losses. For purposes of this Agreement, the profit (“Profit”) or loss (“Loss”) of the Company for each Fiscal Year shall be the net income or net loss of the Company, as the case may be, Company for such Fiscal Year as determined for Federal federal income tax purposes, but computed with the following adjustments:
Appears in 1 contract
Determination of Profits and Losses. For purposes of this Agreement, the profit (“"Profit”") or loss (“"Loss”") of the Company for each Fiscal Year shall be the net income or net loss of the Company, as the case may be, Company for such Fiscal Year as determined for Federal income tax purposes, but computed with the following adjustments:
Appears in 1 contract
Samples: Maui Land & Pineapple Co Inc
Determination of Profits and Losses. For purposes of this Agreement, the profit (“Profit”) or loss (“Loss”) of the Company for each Fiscal Year shall be the net income or net loss of the Company, as the case may be, Company for such Fiscal Year as determined for Federal income tax purposes, but computed with the following adjustments:
Appears in 1 contract
Samples: Partnership Interest Purchase Agreement (CNL Income Properties Inc)
