Simulated Gain or Loss definition
Simulated Gain or Loss means the simulated gain or loss computed with respect to a sale or other disposition of an oil and gas property pursuant to Treasury Regulation section 1.704-1(b)(2)(iv)(k)(2) as more specifically set forth in Section 5.2(b)(ii) of this Agreement.
Simulated Gain or Loss has the meaning set forth in clause (g) of the definition of “Net Income” and “Net Loss.”
Simulated Gain or Loss has the meaning set forth in clause (e) of the definition of “704(b) Net Income” and “704(b) Net Loss.”
Examples of Simulated Gain or Loss in a sentence
Therefore, 704(b) Net Income and 704(b)Net Loss shall be determined by taking into account Simulated Depletion and Simulated Gain or Loss, as determined and defined in the following sentence.
Instead, Net Profit and Net Losses will be determined by taking into account Simulated Depletion and Simulated Gain or Loss, as determined and defined in the following sentence.