Quarterly Allocated Quantity means the sum of the Allocated Quantities for each Day of the relevant Contract Quarter.
Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.
Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows: