Net Income or Net Loss. Net Income or Net Loss for each Fiscal Period of the Joint Venture shall be allocated to each Venturer in accordance with its respective Pro Rata Share. Every item of income, gain, loss, deduction, credit or tax preference entering into the computation of Net Income or Net Loss, or attributable to any Fiscal Period during which Net Income or Net Loss was realized, shall be allocated to each Venturer in the same proportion and at the same time as such Net Income or Net Loss is allocated to such Venturer.
Net Income or Net Loss. This term shall have the meaning ascribed to it in Paragraph 6.2(e).
Net Income or Net Loss. The Borrowers shall have Net Income (or Net Loss) for the fiscal year to date ending on the date set forth below of no worse than the amount set forth opposite such date, provided, that in determining compliance with this covenant, there shall be excluded from the calculation of Net Income or Net Loss, as the case may be, audit adjustments for goodwill impairment and deferred tax adjustments: Quarter Ending Net Loss 12/31/2009 $ (2,270,000 ) 3/31/2010 $ (1,542,000 ) 6/30/2010 $ (1,189,000 ) 9/30/2010 $ (388,000 ) 12/31/2010 $ (85,000 )
Net Income or Net Loss. For each taxable year, the Company’s taxable income or taxable loss for such year, as determined under Section 703(a) of the Code, and Regulations Section 1.703-1, but with the following adjustments:
Net Income or Net Loss. Each Venturer's interest in the Joint Venture shall be expressed as a percentage equal to the ratio on any date of such Venturer's Capital Account on such date to the aggregate Capital Accounts of all Venturers on such date, such Capital Accounts to be determined after giving effect to all contributions of property or money, distributions and allocations for all periods ending on or prior to such date (as to any Venturer, its "Percentage Interest"). Net Income or Net Loss for each Fiscal Period of the Joint Venture shall be allocated to each Venturer in accordance with its Percentage Interest as of the end of such Fiscal Period. Every item of income, gain, loss, deduction, credit or tax preference entering into the computation of Net Income or Net Loss, or attributable to any Fiscal Period during which Net Income or Net Loss was realized, shall be allocated to each Venturer in the same proportion and at the same time as such Net Income or Net Loss is allocated to such Venturer. Section 3.3
Net Income or Net Loss. The income or loss, as the case may be, of the Company for a period as determined in accordance with Section 703(a)(l) of the Code, including each item of income, gain, loss or deduction required to be separately stated, but excluding Gain or Loss from Sale and items specifically allocated under Section 6.
