Net Income or Net. Loss shall mean, as applied to any Person, the net income (or net loss) of such Person for the period in question after giving effect to deduction of or provision for all operating expenses, all taxes and reserves (including reserves for deferred taxes and all other proper deductions), all determined in accordance with GAAP.
Appears in 4 contracts
Samples: Lease (Edgen Group Inc.), Lease (Edgen Murray II, L.P.), Lease (Edgen Murray PLC)