Profit or Loss. Profit or Loss shall be an amount computed for each Accounting Period as of the last day thereof that is equal to the Company’s taxable income or loss for such Accounting Period, 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 Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
1. Any income of the Company that is exempt from federal income tax and not otherwise taken into account in computing Profit or Loss pursuant to this paragraph shall be added to such taxable income or loss;
2. Any expenditures of the Company described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B) expenditures pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(i) and not otherwise taken into account in computing Profit or Loss pursuant to this paragraph shall be subtracted from such taxable income or loss;
3. Gain or loss resulting from any disposition of a Company asset with respect to which gain or loss is recognized for federal income tax purposes shall be computed by reference to the Adjusted Asset Value of the asset disposed of rather than its adjusted tax basis;
4. The difference between the gross fair market value of all Company assets and their respective Adjusted Asset Values shall be added to such taxable income or loss in the circumstances described in paragraph 12.2;
5. The amount of any Deemed Gain or Deemed Loss on any Securities distributed in kind shall be added to or subtracted from (as the case may be) such taxable income or loss to the extent not taken into account under clause (d) above.
Profit or Loss. 4.1. If the Range Spreads Underlying Asset’s Price is below the maximum Potential Price and above the minimum Potential Price (referred to as “In the Range”), during the time period from Start Time to Expiry Time (referred to as “During the Range”), which together are referred to as the “Boundaries”, a Potential Return can be achieved. The amount of your Potential Return on your Range Spreads Contract can be calculated as follows: ℎ ℎ “ ℎ ” ℎ “ ℎ “ ℎ ”
4.2. You should be aware that the Potential Return is an estimate and there is no guarantee that a Potential Return can be achieved. You should understand the risks involved in trading CFDs which are high risk Complex Products and only invest money you can afford to lose.
4.3. If there are no available Prices in the Boundaries of the Range Spreads Platform and Prices are only available outside the Boundaries, a Potential Return cannot be achieved, which is referred to as “Out of the Range”.
Profit or Loss. Can the worker make a profit or suffer a loss as a result of the work, aside from the money earned from the project? (This should involve real economic risks not just the risk of not getting paid.)
Profit or Loss. 4.1. If the Range Spreads Underlying Asset’s Price is below the maximum Potential Price and above the minimum Potential Price (referred to as “In the Range”), during the time period from Start Time to Expiry Time (referred to as “During the Range”), which together are referred to as the “Boundaries”, a Potential Return can be achieved. The amount of your Potential Return on your Range Spreads Contract can be calculated as follows: 𝑇ℎ𝑒 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑎𝑣𝑎𝑖𝑙𝑎𝑏𝑙𝑒 𝑃𝑟𝑖𝑐𝑒𝑠 𝑏𝑜𝑡ℎ “𝐼𝑛 𝑡ℎ𝑒 𝑅𝑎𝑛𝑔𝑒” 𝑋 𝑡ℎ𝑒 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑃𝑟𝑖𝑐𝑒𝑠 “𝐷𝑢𝑟𝑖𝑛𝑔 𝑑𝑖𝑣𝑖𝑑𝑒𝑑 𝑏𝑦 𝑡ℎ𝑒 𝑡𝑜𝑡𝑎𝑙 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑃𝑟𝑖𝑐𝑒𝑠 “𝐷𝑢𝑟��𝑛𝑔 𝑡ℎ𝑒 𝑅𝑎𝑛𝑔𝑒”
4.2. You should be aware that the Potential Return is an estimate and there is no guarantee that a Potential Return can be achieved. You should understand the risks involved in trading CFDs which are high risk Complex Products and only invest money you can afford to lose.
4.3. If there are no available Prices in the Boundaries of the Range Spreads Platform and Prices are only available outside the Boundaries, a Potential Return cannot be achieved, which is referred to as “Out of the Range”.
Profit or Loss. After giving effect to the special allocations set forth in Section 4.2., for any taxable year of the Partnership, Profit or Loss shall be allocated to the Interest Holders in proportion to their Percentages.
Profit or Loss. At the end of each Fiscal Year of the Partnership, the Profit or Loss of the Partnership for such Fiscal Year shall be determined. After giving effect to any special allocations pursuant to Sections 6.02(b) and 6.03, the Profit or Loss for the Fiscal Year shall be allocated among the Partners so that to the extent possible, the net amounts of Profits and Losses and items specially allocated pursuant to Sections 6.02(b) and 6.03, allocated for such Fiscal Year and all preceding Fiscal Years to the General Partner as a class, and to the Limited Partners as a class, respectively, is equal in the case of each class to the amount that would be allocated to the class if the Profits and Losses and items so specially allocated for such Fiscal Year and all previous Fiscal Years were aggregated and the net result (the “Cumulative Profit” or “Cumulative Loss”) were allocated as follows:
(1) if there is a Cumulative Profit,
(i) First, to the Partners who received an allocation of Cumulative Loss pursuant to the last sentence of Section 6.02(b) hereof (i.e., which would have been allocated to another Partner but for the creation of an Adjusted Capital Account Deficit for that Partner), an amount of Cumulative Profit equal to the allocations of Cumulative Loss previously made pursuant to such last sentence of Section 6.02(b) hereof (without duplication) in reverse order to which such prior Cumulative Losses were allocated; and
(ii) Second, to all Partners in proportion to their respective Partnership Percentages.
(2) if there is a Cumulative Loss, among the Partners in proportion to their Partnership Percentages.
Profit or Loss. For purposes of Section 2.3 and Article 3, -------------- "profit or loss" refers to taxable income of the Partnership as computed under IRC Section 703, but taking into account also (i) any item of income exempt from tax, and (ii) any item of expense described in IRC Section 705(a)(2)(B) or treated as described in IRC Section 705(a)(2)(B) by Regulations promulgated under IRC Section 704(b) and excluding any items specially allocated pursuant to Sections 3.5 and 3.6 hereof.
Profit or Loss. All Profit and Loss shall be allocated to the Member.
Profit or Loss. Profits and Losses of the Company shall be determined and allocated with respect to each Accounting Period of the Company as of the last day thereof. Subject to the other provisions of this Section, an allocation to a Member of a share of Profits and Losses shall be treated as an allocation of the same share of each item of income, gain, loss and deduction that is taken into account in computing Profits and Losses.
Profit or Loss. 3 1.13 Securities . . . . . . . . . . . . . . . . . . . . . . . . . . 4 1.14
