Profit or Loss. Profit or Loss shall be an amount computed for each Accounting Period as of the last day thereof that is equal to the Company’s taxable income or loss for such Accounting Period, 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 Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Profit or Loss. Profit Profit or Loss shall be an amount computed for each Accounting Period as of the last day thereof that is equal to the Company’s taxable income or loss for such Accounting Period, 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 Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Profit or Loss. Profit or Loss shall be an amount computed for each Accounting Period as of the last day thereof that is equal to the CompanyPartnership’s taxable income or loss for such Accounting Period, 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 Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 3 contracts
Samples: Transaction Agreement (OVERSTOCK.COM, Inc), Limited Partnership Agreement (OVERSTOCK.COM, Inc), Limited Partnership Agreement (J2 Global, Inc.)
Profit or Loss. Profit “Profit” or Loss “Loss” shall be an amount computed for each Accounting Period as of the last day thereof that is equal to the CompanyPartnership’s taxable income or loss for such Accounting Period, 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 Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:
Appears in 1 contract
Samples: Limited Partnership Agreement