Simulated Gain Sample Clauses
Simulated Gain. For purposes of applying clause (iii) of the second sentence of Section 5.2(a), Simulated Gain for any taxable period will be treated as included in Net Income or Net Loss and allocated pursuant to Sections 6.1(a) or 6.1(b), as applicable.
Simulated Gain. On the taxable disposition of an oil and gas property by the Joint Venture, the Joint Venture shall compute a simulated gain or loss by subtracting its simulated adjusted basis in such property from the amount realized on the disposition of such property.
Simulated Gain. Simulated gain with respect to any oil and gas property shall be allocated among the Partners as provided in Section B1.3(a).