Extraordinary Income definition
Examples of Extraordinary Income in a sentence
To the extent that an item is treated as an Extraordinary Income Item or Extraordinary Expenditure, that item shall not directly or indirectly be included in the computation of the Partnership’s net income, gain, loss or deduction.
In the event that there are any remaining balances in favor of any of the COMPANIES on account of Extraordinary Income, they shall be deducted from future settlements.
The Schedules attached to, and forming part of, this Agreement are as follows: Schedule 1.1(rr) Lender Commitment Schedule 1.1(ss) Compliance Certificate Schedule 1.1(vvv) Extraordinary Income Tax Expense Schedule 1.1(hhhh) Key Agreements Schedule 1.1(jjjj) Leases and Owned Real Property Schedule 1.1(ssss) Mandatory Prepayment Certificate Schedule 2.6 Form of Notice of Availment Schedule 8.1(f) Outstanding Defaults Schedule 8.1(g) Litigation Schedule 8.1(q) Corporate Structure, Locations, etc.
EBITDA is defined as the sum of net income, interest expense, taxes, depreciation, amortization and Extraordinary Expenses minus Extraordinary Income.
The Parties shall negotiate the Extraordinary Fee and the Extraordinary Income in the event that new provincial taxes are imposed subsequent to the effective date of these Minutes of Agreement, if any such new tax may change the economic equation of the COMPANIES as to is business in the Province of Neuquén.
Payment of the Extraordinary Income for Natural Gas shall accrue from and including the month in which the conditions set forth in this Section 3.7 are met and the due dates for the final declaration shall be the 15th day of the month immediately succeeding the month of settlement or the immediately succeeding business day, if such day is a non-business day.
Available Cash Flow" means, with respect to any Fiscal Year or other period, the sum of all cash receipts of the LLC from any and all sources, less all cash disbursements (including loan repayments, capital improvements and replacements) and a reasonable allowance for Reserves, contingencies and anticipated obligations as determined by the Managers.
Extraordinary Income or Loss of the Partnership realized in connection with a Terminating Capital Transaction shall be allocated only to Persons who are the Record Holders of Partnership Interests as of the date such Terminating Capital Transaction occurs.
Taking into account that PELSA sells almost all of its production of crude oil to its majority shareholder Petrobras Energía SA, for purposes of calculation of the Extraordinary Income, PELSA shall be deemed to be an integrated company within the meaning of Law No. 2,615.
Payment of the Extraordinary Income for Crude Oil shall accrue from and including the month in which the conditions set forth in this Section 3.7 are met and the due dates for the advance payment shall be the 15th day of the month immediately succeeding the month of settlement or the immediately succeeding business day, if such day is a non-business day.