Common use of Profits and Losses Clause in Contracts

Profits and Losses. “Profits” and “Losses” shall mean, for each fiscal year or other period, an amount equal to the Partnership’s taxable income or loss for such year or 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 Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 6 contracts

Samples: Agreement (Graham Packaging Acquisition Corp.), Venture Agreement (Penske Automotive Group, Inc.), Venture Agreement (Penske Automotive Group, Inc.)

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Profits and Losses. “Profits” and “Losses” shall meanmeans, for each fiscal year Fiscal Year of the Company (or other periodperiod for which Profit or Loss must be computed), an amount equal to the PartnershipCompany’s taxable income or loss for such year or 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 Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Carey Watermark Investors Inc), Limited Liability Company Operating Agreement (Carey Watermark Investors Inc), Limited Liability Company Operating Agreement (Carey Watermark Investors Inc)

Profits and Losses. “Profits” and “Losses” shall mean, for each fiscal taxable year or other periodportion of a taxable year, an amount equal to the PartnershipCompany’s taxable income or loss for such taxable year or periodportion of a taxable year, 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 Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.)

Profits and Losses. “Profits” and “Losses” shall mean, for each fiscal taxable year or other periodportion of a taxable year, an amount equal to the Partnership’s taxable income or loss for such taxable year or periodportion of a taxable year, 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 Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 1 contract

Samples: Penske Automotive Group, Inc.

Profits and Losses. “Profits” and “Losses” shall mean, for each fiscal year or other period, an amount equal to the Partnership’s taxable income or loss for such year or period, determined in accordance with Section 703(a703 (a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a)(1703(a)(l) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 1 contract

Samples: Agreement (Beverage Packaging Holdings (Luxembourg) IV S.a r.l.)

Profits and Losses. “Profits” and “Losses” shall mean, means for each fiscal year or other period, an amount equal to the Partnership’s Company taxable income or loss for such year or period, determined in accordance with Section Code §703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section Code §703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 1 contract

Samples: Operating Agreement

Profits and Losses. Profits" and "Losses" shall mean, for each fiscal year or other period, an amount equal to the Partnership’s 's taxable income or loss for such year or 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 Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 1 contract

Samples: Graham Packaging Holdings Co

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Profits and Losses. ProfitsProfit” and “LossesLossshall meanmeans, for each fiscal year Fiscal Year of the Company (or other periodperiod for which Profit or Loss must be computed), an amount equal to the PartnershipCompany’s taxable income or loss for such year or 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 Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Carey Watermark Investors Inc)

Profits and Losses. Profits" and "Losses" shall mean, for each any fiscal year or other period, an amount equal to the Partnership’s 's taxable income or loss for such year or period, determined in accordance with Code Section 703(a) of the Code (for this purpose, all items of income, gain, loss loss, or deduction required to be stated separately pursuant to Code Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 1 contract

Samples: Gift Liquidators Inc

Profits and Losses. “Profits” and “Losses” shall mean, for each fiscal year or other period, an amount equal to the Partnership’s taxable income or loss for such year or period, determined in accordance with Section 703(a703 (a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a)(1703 (a) (1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 1 contract

Samples: Graham Packaging Acquisition Corp.

Profits and Losses. Profits" and "Losses” shall mean" means, for each fiscal year or other period, an amount equal to the Partnership’s 's taxable income or loss for such year or period, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss loss, or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code shall be included in taxable income or loss), with the following adjustments:

Appears in 1 contract

Samples: Restatement of Agreement (Gidwitz James G)

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