Net Income or Loss. If as of the last day of any calendar month in a fiscal quarter of Seller, either (x) the Adjusted Tangible Net Worth of Seller and its Subsidiaries, on a consolidated basis, is less than [***] or (y) the Liquidity of Seller and its Subsidiaries, on a consolidated basis, is less than [***], then and in either such case, the net income before taxes of Seller and its consolidated Subsidiaries for such quarter shall equal or exceed [***].
Net Income or Loss. Adjusted Net Income Or Loss" for any Fiscal Year (or portion thereof shall mean the excess (or deficit) of (a) the Gross Income for such period (not including Gross Income (if any) allocated during such period pursuant to SECTIONS 4.1.1. 4.1.2 4.1.4.) over (b) the Deductible Expenses for such period (not including Deductible Expenses (if any) allocated during such period pursuant to SECTIONS 4.1.5 OR 4.1.6) with the following modifications:
Net Income or Loss. The net book income or loss of the Partnership for any relevant period. The net book income or loss of the Partnership shall be computed in accordance with United States federal income tax principles as applied without regard to any recharacterization of transactions or relationships that might otherwise be required under such tax principles and as adjusted pursuant to the following provisions, under the method of accounting elected by the Partnership for United States federal income tax purposes. The net book income or loss of the Partnership shall be computed, inter alia, by:
Net Income or Loss. Net Income or Loss” shall mean an amount equal to the Company's taxable income or loss for each taxable year, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments: any income of the Company that is exempt from federal income tax and not otherwise taken into account in computing Net Income or Loss shall be added to such Net Income; and any expenditures of the Company described in Section 705(a)(2)(B) of the Code and not otherwise taken into account in computing Net Income or Loss, shall be subtracted from such Net Income or Loss.
Net Income or Loss. A Participant’s Account will be adjusted for any net income or loss in accordance with the provisions under Section 10.04.
Net Income or Loss. With respect to any Person (or any asset of any Person) for any period, the net income (or loss) of such Person (or attributable to such asset), determined in accordance with GAAP. The net income (or loss) of a Person shall include, without duplication, the allocable share of the net income (or loss) of any other Person in which a Minority Interest is owned by such Person based on the ownership of such Person in such other Person.
Net Income or Loss. With respect to any Person (or any asset of any Person) for any period, the net income (or loss) of such Person (or attributable to such asset), determined in accordance with GAAP. Net Offering Proceeds. The gross cash proceeds received by Parent Company or any of its Subsidiaries as a result of an Equity Offering less the customary and reasonable costs, expenses, fees, commissions and discounts paid by Parent Company or such Subsidiary in connection therewith.
Net Income or Loss. With respect to any Person, for any fiscal period, the net income (or loss) of such Person, after deduction of all expenses, taxes and other proper charges, all determined in accordance with Generally Accepted Accounting Principles.
Net Income or Loss. Final distribution of the net income or loss of the Partnership shall be made to the Partners in accordance with Article V on the 15th day of the succeeding month. If the Partnership incurs a loss for the relevant period (including any carryover of losses from prior periods), each Partner will pay to the Partnership its proportionate share of the amount of such loss in accordance with its Percentage Interest.
