Gains and Losses Sample Clauses

Gains and Losses. For any Period, the gains (Gains) or losses (Losses) determined in accordance with GAAP.

Gains and Losses. The Grantee’s Account shall be credited with earnings and gains (and shall be debited for expenses and losses) determined as if the amounts credited to the Grantee’s Account had actually been invested as directed by the Grantee in accordance with this DIP Award Agreement. The DIP Fund Award provides only for “notional investments”, and therefore such earnings, gains, expenses and losses are hypothetical and not actual. However, these hypothetical earnings, gains, expenses and losses shall be applied to measure the value of the Grantee’s Account and the amount of the Company’s liability to make payments to or on behalf of the Grantee.

Gains and Losses. For purposes hereof, "Gains" means income and gains, and "Losses" means losses, in each case as determined for federal income tax purposes. "Cumulative Gain" means the excess of the sum of realized Gains of the Company over the sum of realized Losses of the Company from the date hereof to the date of determination; and "Cumulative Loss" means the excess of the sum of realized Losses of the Company over the sum of realized Gains of the Company from the date hereof to the date of determination.

Gains and Losses. Generally any gain (whether of an income or capital nature) derived from CFDs is likely to constitute assessable income and be subject to tax. The treatment of expenditure under a financial arrangement will depend on your tax residency, the client’s type (whether you are a company, limited partnership, trust, individual ect.) and of your individual circumstances of the taxpayer. Generally all New Zealand tax resident entities and natural persons can only claim expenditure related to trading in CFD to be deducted if the ordinary deductibility criteria under the Income Tax Xxx 0000 are met. These criteria state that expenditure incurred on any Product will be deductible only if it is:  entering into a CFD as part of a business or profit-making undertaking that includes investing in such products with the expectation of deriving assessable income  incurred in deriving assessable income and/or excluded income; or  incurred in the course of carrying on a business for the purpose of deriving assessable income and/or excluded income. A particular situation may also be subject to further rules. For example, a New Zealand resident company (other than a qualifying company) is ordinarily allowed a deduction for expenditure incurred under a financial arrangement. This is why it is important to consider your individual circumstances.

Gains and Losses. Any proceeds of Financial Investments in excess of the amount required to redeem or prepay the Limestone Securities under the terms thereof and any losses generated by such investments shall be for the account of El Paso, except as otherwise provided in the Transaction Documents.

Gains and Losses. Any income or loss of the Partnership for Federal Tax Purposes determined by the Partnership's fiscal year, including, but not limited to, any individual element of income, profit, loss or deduction of the partnership. THE OBLIGATIONS OF THE JOINT VENTURES ARTICLE IV DISTRIBUTION 4.01 Gains and losses. As of the date of cessation of operations of the Joint Undertaking, all gains, losses and other distributions of the Joint Undertaking shall be allocated as follows after the end of each financial year ,.

Gains and Losses. Any income or loss of the Partnership for Federal Tax Purposes determined by the Partnership's fiscal year, including, but not limited to, any individual element of income, profit, loss or deduction of the partnership. ARTICLE III THE OBLIGATIONS OF THE JOINT VENTURES shall be responsible for all operations and decisions of the Joint Undertaking and shall be compensated for the provision of various services. ARTICLE IV DISTRIBUTION 4.01 Gains and losses. Starting from the date of cessation of operations of the Joint Under taking, all gains, losses and other distributions the Joint Undertaking shall be allocated as follows at the end of each financial year: will have full, exclusive and complete authority and discretion in the management and control of the Joint Undertaking's activities for the purposes set out hereto and will take all decisions concerning the joint venture's activities. In that case, any action taken shall constitute an act of the Joint Undertaking and shall serve to bind that Joint Undertaking. will not participate in or have any control over the joint venture, nor shall it have the power or right to act or bind the Joint Undertaking. ART VI AGREEMENTS WITH THIRD PARTIES AND WITH AFFILIATES OF THE JOINT UNDERTAKING 6.01 Validity of transactions. Partners of the parties to this Agreement may be committed to performing services to the Joint Undertaking. The validity of any transaction, agreement or payment in which the Joint Undertaking and all affiliates of the parties to this Agreement participate, otherwise permitted by the terms of this Agreement, shall not be affected by the fact that they are related to each other and such related parties or the approval of such transactions, agreements or payments. 6.02

Gains and Losses. Except as stated above, the gains and losses for each financial year shall be shared among the Members in accordance with Section 13.2. 13.2

Gains and Losses. Upon the sale, transfer or other disposition of any property, any Gain or Loss realized by the Partnership shall be allocated so that, to the extent possible, if there were an immediate liquidation of the Partnership, proceeds would be distributed in accordance with the Partners' Capital Account balances, as follows:

Gains and Losses. Trading activity in the GTC Fixed Income Investment Portfolio shall be consistent with market conditions, cash availability and liquidity requirements. The impact of potential trading gains and/or losses on GTC's reported financial results can be significant. The Chief Financial Officer periodically shall establish maximum levels for such potential gains and/or losses in any particular time period beyond which the prior written approval of the Chief Financial Officer is required. We intend to classify these securities as available for sale in accordance with FAS115.