Net Profits. The income and gains of the Company determined in accordance with accounting principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposes.
Appears in 8 contracts
Sources: Operating Agreement (Citi TeeVee LLC), Limited Liability Company Agreement (Radnor Holdings Corp), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC)
Net Profits. The income and gains of the Company determined in accordance with accounting principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposesCompany.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Advanta Bank Corp), Limited Liability Company Operating Agreement (Advanta Bank Corp)
Net Profits. The income and gains of the Company determined in accordance with accounting principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposes. Net Profits includes taxable income, capital gain, and income exempt from taxation.
Appears in 2 contracts
Sources: Operating Agreement (Growblox Sciences, Inc.), Operating Agreement (Fibermark Office Products LLC)
Net Profits. The income and gains of the Company determined in accordance with generally accepted accounting principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposes.
Appears in 1 contract
Sources: Operating Agreement (Environmental Safeguards Inc/Tx)
Net Profits. The income and gains of the Company determined in accordance with accounting account principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposes.
Appears in 1 contract
Net Profits. The income and gains of the Company determined in accordance with accounting principles consistently applied from year to year employed under the method of accounting adopted by the Company and as reported separately or in the aggregate, as appropriate, on the tax return of the Company filed for federal income tax purposes, for the preceding calendar year.
Appears in 1 contract
Sources: Operating Agreement