Membership Transaction definition
Membership Transaction as defined in Section 3.8. Net Profit or Net Loss: for each Fiscal Year or other period, an amount equal to the Partnership’s taxable income or loss for such Fiscal Year or other period, determined in accordance with U.S. federal income tax accounting principles, with the following adjustments:
Examples of Membership Transaction in a sentence
Membership fees are due on the day set forth in the "Membership Transaction Agreement".