Net Profits. The income and gains of the Company determined in accordance with accounting principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposes.
Appears in 8 contracts
Samples: Operating Agreement (Citi TeeVee LLC), Limited Liability Company Agreement (Radnor Holdings Corp), Operating Agreement (Fortress Group Inc)
Net Profits. The income and gains of the Company determined in accordance with accounting principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposesCompany.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Advanta Bank Corp), Limited Liability Company Operating Agreement (Advanta Bank Corp)
Net Profits. The income and gains of the Company determined in accordance with accounting account principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposes.
Appears in 1 contract
Net Profits. The income and gains of the Company determined in accordance with accounting principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposes, for the preceding calendar year.
Appears in 1 contract
Samples: Operating Agreement
