Book Income definition

Book Income and “Book Loss” means, for each Fiscal Year of the Company (or other period for which Book Income or Book Loss must be computed) the Company’s income or loss for financial statement purposes, determined in accordance with GAAP.

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Book Income means the income before tax of a Member for a taxable year, as reported on its applicable financial statement as defined in IRC section 451(b)(3), including adjustments to calculate minimum tax.

Book Income means, with respect to any applicable period of time, the sum of the following amounts (i) interest income received in cash during such period with respect to the Portfolio, MINUS (ii) accrued interest on any Security or Short-Term Investment paid in connection with the purchase of such Security or Short-Term Investment by the Issuer during such period, PLUS (iii) accrued income on the Portfolio as of the last day of such period, MINUS (iv) accrued income on the Portfolio as of the day immediately preceding the first day of such period, PLUS (v) accretion of any discount on the Portfolio during such period, MINUS (vi) amortization of any premium amounts accrued during such period.

Examples of Book Income in a sentence

Any upward and downward revaluations of Company property will be taken into account in determining Net Book Income or Net Book Loss.
Subject to the provisions of Article III of Appendix A, all items of Book income, gain, loss or deduction included in Book Income or Loss From Operations and Book Income or Loss From Capital Events shall be allocated among the Members so as to make the Partially Adjusted Capital Account of each Member equal to such Member’s Target Balance, to the extent possible.
Distributions pursuant to this Section 8.4(c) shall be treated as Distributions of Previously Undistributed Book Income.
All items of Book Income and Book Loss shall be allocated and apportioned among the Members in proportion to their Membership Interests.
In addition to the Annual Distributions and the Tax Distributions to be made pursuant to Section 8.4(c), the Company may make Distributions of Previously Undistributed Book Income to the Members, including distributions in kind pursuant to Section 8.4(f), at such times and in such amounts as the CEO may determine.
Items of Matched Income or Loss accruing on any day shall be allocated at the end of such day to the Members' Tax Capital Accounts in proportion to, and to the extent of, corresponding allocations of Book Income or Book Loss to the Members' Book Capital Accounts for such day.
Book Income and Book Loss for any Business Day shall be allocated to the Members' Book Capital Accounts at the end of such day in proportion to their respective Book Capital Account Balances at the beginning of such day (adjusted for capital contributions and withdrawals on such day).
The Managers shall cause the Investments to be valued at the end of each Business Day; such valuation shall be used in determining the amount of any increase or decrease for that day in Net Unrealized Gain and Net Unrealized Loss (components of Book Income and Book Loss).
Book Income Available for Distributions -------------------------------------------------------------------------------- A.
In the event there is a Book Income Deficiency, an amount equal to the lesser of the Book Income Deficiency or the Scheduled Tax Basis shall be multiplied by 40%, to yield the projected negative tax impact to Parent, and Parent shall have an indemnity claim for such amount pursuant to Article IX hereof (which shall in no event exceed $28,000); provided, however, that the limitations of Section 9.08 hereof shall not apply with regard to any such indemnity claim..

More Definitions of Book Income

Book Income and "Book Loss" for each day, Fiscal Year, or other relevant period shall mean the amount of net income or loss, respectively (including (1) Tax-Exempt Income, (2) income, gain, loss, and deduction described in Treas. Reg. Section 1.704-1 (b) (2) (iv) (g), and (3) any increase or decrease in Net Unrealized Gain or Net Unrealized Loss, but excluding (4) income, gain, loss, and deduction described in Treas. Reg.

Book Income means, with respect to any applicable period of time, the sum of the following amounts (i) interest income received in cash during such period with respect to the Portfolio, MINUS (ii) accrued interest on any Security or Short-Term Investment paid in connection with the purchase of such Security or Short-Term Investment by the Issuer during such period, PLUS (iii) accrued income on the Portfolio as of the last day of such period, MINUS (iv) accrued income on the Portfolio as of the day immediately preceding the first day of such period, PLUS (v) correction of any discount on the Portfolio during such period, MINUS (vi) amortization of any premium amounts accrued during such period.