Income, Gains and Losses Sample Clauses

Income, Gains and Losses. All net income, gains and losses, as set forth on the books of account of the Company, shall be allocated to the Member.
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Income, Gains and Losses. Principal acknowledges and agrees that any income or gains and losses from investing and reinvesting any Cash Collateral delivered by a Borrower to Bank pursuant to a Securities Lending Agreement shall be at Principal’s risk and for Principal’s account. To the extent any loss arising out of Approved Investments results in a deficiency in the amount of Collateral that is available, Principal agrees to pay Bank on demand cash in the amount of such deficiency.
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Income, Gains and Losses. In addition to Quarterly credits, and until the Deferral Account Balance is fully paid, the Deferral Account Balance shall be adjusted as of the last day of each Year to reflect hypothetical investment returns determined by reference to the performance of not more than two investment funds designated by the Executive on Exhibit A hereto, such designation being subject to the approval of the Committee (as defined in Section 10(c)). If two investment funds are approved and denominated in the same currency, the hypothetical investment return shall be based on the weighted average investment returns of the two funds. If two investment funds are approved and one is denominated in US Dollars and the other in Great Britain Pounds, the balance of the USD Sub-Account shall be deemed to be notionally invested in the fund that is denominated in US Dollars, and the balance of the GBP Sub-Account shall be deemed to be notionally invested in the fund that is denominated in Great Britain Pounds, and the hypothetical investment return of each sub-account shall be based on the investment return of the fund in which it is deemed to be notionally invested. The Executive shall provide appropriate reports of the performance of the investment fund or funds to the Committee (as defined in Section 10(c)) or to the person, if any, to whom the Committee (as defined in Section 10(c)) has delegated recordkeeping responsibility hereunder (the “Recordkeeper”). A report of the performance of such fund, or funds, shall be provided as soon as practicable following the end of each Quarter to the Committee (as defined in Section 10(c)) (or Recordkeeper), both for the Quarter being reported and, if after the first Quarter, for the Year through the Quarter in question. The Committee (as defined in Section 10(c)), or the Recordkeeper, as the case may be, shall adjust the Deferral Account annually to reflect the income, gains and losses that would have been realized by the Deferral Account (based upon such performance by the hypothetical investment fund, or funds). The Committee (as defined in Section 10(c)) shall have the authority to establish such procedures as it reasonably determines appropriate, after consultation with the Executive, to record such hypothetical investment returns, including, without limitation, procedures for the making of investment credits and debits to the account. Notwithstanding anything to the contrary contained herein, Executive acknowledges and agrees that Executi...
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Income, Gains and Losses 
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Related to Income, 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.

  • 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 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:

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

  • 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.

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

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

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