DAILY DETERMINATION. For purposes of determining the profits, losses or any other items allocable to any period, profits, losses and any such other items shall be determined on a daily basis, unless the General Partner determines that another method is permissible under Section 704 of the Code and the Treasury Regulations promulgated thereunder. Unless otherwise specified, such profits, losses or other items shall be determined for each Fiscal Period.
Appears in 15 contracts
Samples: Agreement (Merrill Lynch Preferred Funding I Lp), Agreement (Capita Preferred Trust), Merrill Lynch Preferred Funding Vi L P
DAILY DETERMINATION. For purposes of determining the profitsProfits, losses Losses or any other items allocable to any period, profitsProfits, losses Losses and any such other items shall be determined on a daily basis, unless the General Partner Managing Member determines that another method is permissible under Section 704 of the Code and the Treasury Regulations promulgated thereunder. Unless otherwise specified, such profitsProfits, losses Losses or other items shall be determined for each Fiscal Period.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Lehman Brothers Holdings E-Capital Trust I)
DAILY DETERMINATION. For purposes of determining the profits, ------------------- losses or any other items allocable to any period, profits, losses and any such other items shall be determined on a daily basis, unless the General Partner determines that another method is permissible under Section 704 of the Code and the Treasury Regulations promulgated thereunder. Unless otherwise specified, such profits, losses or other items shall be determined for each Fiscal Period.
Appears in 1 contract
Samples: Hawaiian Electric Industries Inc
