Common use of Profits or Losses Clause in Contracts

Profits or Losses. The net income or loss of the Company for federal income tax purposes as finally determined by the Company’s accountants for each fiscal year of the Company, as well as, where the context requires, related federal tax items such as tax preferences and credits, in each case appropriately adjusted with respect to final determination of any of the foregoing for federal income tax purposes.

Profits or Losses. The net income or loss of the Company for federal income tax purposes as finally determined by the Company’s accountants for each fiscal year of the CompanyCompany or for such other period or event as may be specified, as well as, where the context requires, related federal tax items such as tax preferences and creditspreferences, in each case appropriately adjusted with respect to final determination of any of the foregoing for federal income tax purposes.