Profits and Losses. Profits and Losses mean, for each fiscal year, an amount equal to the Company’s taxable income or loss for such year, respectively, determined in accordance with Internal Revenue Code § 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Internal Revenue Code § 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 7 contracts
Samples: Operating Agreement (Central Park Fund 1, LLC), Operating Agreement (Central Park Fund I, LLC), Operating Agreement (Aurora Fund I, LLC)
Profits and Losses. Profits “Profits” and Losses mean“Losses” means, for each any fiscal yearperiod, an amount equal to the Company’s taxable income or loss for such year, respectivelythe year or period, determined in accordance with Internal Revenue Code § Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Internal Revenue Code § Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 3 contracts
Samples: Operating Agreement (Rex Energy Corp), Limited Liability Company Agreement (Rex Energy Corp), Operating Agreement (Rex Energy Corp)
Profits and Losses. Profits and Losses meanmeans, for each fiscal yearFiscal Year, an amount equal to the Company’s 's taxable income or loss for such yearFiscal Year, respectivelyincluding gain or loss from Capital Transactions, determined in accordance with Internal Revenue Code § Section 703(a) (for this purpose, all items of income, gain, loss, loss or deduction required to be stated separately pursuant to Internal Revenue Code § Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Operating Agreement (China Direct Trading Corp), Operating Agreement (China Direct Trading Corp)
Profits and Losses. Profits and Losses mean, for For each fiscal yeartaxable year or other period, an amount equal to the Company’s taxable income or loss loss, respectively, for such year, respectivelytaxable year or other period, determined in accordance with Internal Revenue Code § 703(a) (for this purpose, all items of income, gain, loss, loss or deduction required to be stated separately pursuant to Internal Revenue Code § 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 2 contracts
Samples: Operating Agreement, Limited Liability Company Agreement (Nexcore Healthcare Capital Corp)
Profits and Losses. Profits Profits" and Losses mean"Losses" means, for each fiscal yearyear or other period, an amount equal to the Company’s 's taxable income or loss for such year, respectivelyyear or period, determined in accordance with Internal Revenue Code § Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Internal Revenue Code § Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Operating Agreement
Profits and Losses. Profits Profits" and Losses "Losses" mean, for each fiscal yearany applicable period, an amount equal to the Company’s 's taxable income or loss for such year, respectivelyyear or period, determined in accordance with Internal Revenue Code § Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Internal Revenue Code § Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Profits and Losses. Profits and Losses mean, for each fiscal year, an amount equal to the Company’s taxable income or loss for such year, respectively, determined in accordance with Internal Revenue Code § 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Internal Revenue Code § 703(a)(1) shall be included in taxable income or loss), with the following adjustments:: OPERATING AGREEMENT OF ADPI FUND I, LLC 5 OF 34
Appears in 1 contract
Profits and Losses. Profits Profits" and Losses mean, "Losses" means for each fiscal year, taxable year or other period an amount equal to the Company’s 's taxable income or loss for such year, respectivelyyear or period, determined in accordance with Internal Revenue Code § 703(aSection 703(x) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Internal Revenue Code § Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Operating Agreement (Bon-Ton Stores of Lancaster, Inc.)
Profits and Losses. Profits Profits" and Losses "Losses" shall mean, for each any fiscal yearperiod, an amount equal to the Company’s 's taxable income or loss for such year, respectivelyyear or period, determined in accordance with Internal Revenue Code § Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Internal Revenue Code § Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Baseline Oil & Gas Corp.)
Profits and Losses. Profits Profits" and Losses "Losses" mean, for each fiscal yearFiscal Year, an amount equal to the Company’s 's taxable income or loss for such year, respectivelyFiscal Year, determined in accordance with Internal Revenue Code § Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Internal Revenue Code § Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
