Company Year definition

Company Year means the fiscal year of the Company, which shall be the calendar year.

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Company Year means the taxable year of the Company for federal income tax purposes.

Company Year means the accounting period of the Company.

Examples of Company Year in a sentence

Except as otherwise provided in Regulations Section 1.704-2(f), notwithstanding the provisions of Section 6.2 hereof, or any other provision of this Article 6, if there is a net decrease in Company Minimum Gain during any Company Year, each Holder shall be specially allocated items of Company income and gain for such year (and, if necessary, subsequent years) in an amount equal to such Holder’s share of the net decrease in Company Minimum Gain, as determined under Regulations Section 1.704-2(g).
Notwithstanding anything to the contrary herein, the Managing Member shall make such allocations of Net Income, Net Losses and, to the extent necessary, individual items of income, gain, loss, credit and deduction, for any Company Year as the Managing Member, in its sole discretion, shall determine necessary or appropriate to give economic effect to the provisions of Article 16 hereof.
Net Income and Net Loss of the Company shall be determined and allocated with respect to each Company Year as of the end of each such year, provided that the Managing Member may in its discretion allocate Net Income and Net Loss for a shorter period as of the end of such period (and, for purposes of this Article 6, references to the term “Company Year” may include such shorter periods).

More Definitions of Company Year

Company Year means a twelve (12) month period starting on the first day of the month immediately following the month in which the Effective Date occurs or each anniversary thereof and ending on the day immediately preceding the following twelve (12) month period.

Company Year means each fiscal year of the Company, which shall be the calendar year beginning on January 1 and ending on December 31.

Company Year means the taxable year of the Company as determined pursuant to Section 8.01 of this Agreement.

Company Year has the meaning set forth in Section 9.2 hereof.

Company Year means the fiscal year of the Company and the Company’s taxable year for federal income tax purposes, each of which shall be the calendar year unless otherwise required under the Code.

Company Year means (a) the remaining portion of the current calendar year (i.e., the calendar year in which the date hereof occurs), (b) each full calendar year prior to the termination of this Company pursuant to Section 8.1 hereof, and (c) that portion of the calendar year in which this Company terminates pursuant to Section 8.1 hereof

Company Year has the meaning set forth in Section 9.2 hereof. “Consent” means the consent to, approval of, or vote in favor of a proposed action by a Member given in accordance with Article 14 hereof. The terms “Consented” and “Consenting” have correlative meanings. “Consent of the Managing Member” means the Consent of the sole Managing Member, which Consent, except as otherwise specifically required by this Agreement, may be obtained prior to or after the taking of any action for which it is required by this Agreement and may be given or withheld by the Managing Member in its sole and absolute discretion. “Consent of the Managing Member and Members” means, subject to and except as set forth in any Unit Designation, the Consent of the Managing Member and the Consent of a Majority in Interest of the Members, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and, except as otherwise provided in this Agreement, may be given or withheld by the Managing Member or the Members in their sole and absolute discretion; provided, however, that, solely with respect to any action taken pursuant to Section 7.3(b) and Section 14.2, if any such action affects only certain classes or series of LLC Interests, “Consent of the Managing Member and Members” means the Consent of the Managing Member and the Consent of a Majority in Interest of the Members of the affected classes or series of LLC Interests. “Consent of the Members” means, subject to and except as set forth in the any Unit Designation, the Consent of a Majority in Interest of the Members, which Consent shall be obtained prior to the taking of any action for which it is required by this Agreement and, except as otherwise provided in this Agreement, may be given or withheld by each Member in its sole and absolute discretion; provided, however, that, if any such action affects only certain classes or series of LLC Interests, “Consent of the Members” means the Consent of a Majority in Interest of the Members of the affected classes or series of LLC Interests. “Constructive Ownership” means ownership of an LLC Interest by a Person that is or would be treated as a direct or indirect owner of such LLC Interest through the application of Section 318(a) of the Code, as modified by Section 856(d)(5) of the Code. The terms “Constructive Owner,” “Constructively Owns,” “Constructively Owning” and “Constructively Owned” shall have correlative meanings. “Contributed Property” means eac...