Portfolio Profit definition
Examples of Portfolio Profit in a sentence
Any tax credits of the Company for any fiscal year or other accounting period shall be allocated to the Members in proportion to their allocations of the Company's Net Portfolio Profit or Loss, as the case may be, for such fiscal year or other accounting period.
If any interest in the Company is Transferred during any accounting period, allocations of Net Operating Income or Loss, Net Portfolio Profit or Loss, and items of income, gain, loss and deduction with respect to such interest for such period shall be made using such method or methods (including, without limitation, an "interim closing" method) as the Manager and the Class A Members (in accordance with Section 13) determine to be appropriate and in compliance with Section 706 of the Code.