Common use of Gains and Losses Clause in Contracts

Gains and Losses. The Grantee’s Account shall be credited with earnings and gains (and shall be debited for expenses and losses) determined as if the amounts credited to the Grantee’s Account had actually been invested as directed by the Grantee in accordance with this DIP Award Agreement. The DIP Fund Award provides only for “notional investments”, and therefore such earnings, gains, expenses and losses are hypothetical and not actual. However, these hypothetical earnings, gains, expenses and losses shall be applied to measure the value of the Grantee’s Account and the amount of the Company’s liability to make payments to or on behalf of the Grantee.

Gains and Losses. The As of each Valuation Date, the Grantee’s Account shall be credited with earnings and gains (and shall be debited for expenses and losses) determined as if the amounts credited to the Grantee’s Account had actually been invested as directed by the Grantee in accordance with this DIP Fund Award Agreement. The DIP Fund Award provides only for “notional investments”, and therefore such earnings, gains, expenses and losses are hypothetical and not actual. However, these hypothetical earnings, gains, expenses and losses earnings shall be applied to measure the value of the Grantee’s Account and the amount of the Company’s liability to make payments to or on behalf of the Grantee.