Definition of Taxable Net Income and Taxable Net Loss

  1. Taxable Net Income and Taxable Net Loss means the income, gain, loss, deductions and credits of the Company in the aggregate or separately, as appropriate, determined by certified public accountants for the Company and in accordance with United States generally accepted accounting principals, consistently applied, at the close of each Fiscal Year, reflected on the Company's information tax return filed for federal income tax purposes.

Definition of Taxable Net Income and Taxable Net Loss in Restated Limited Liability Company Agreement

Taxable Net Income and Taxable Net Loss means the income, gain, loss, deductions and credits of the Company in the aggregate or separately, as appropriate, determined by certified public accountants for the Company and in accordance with United States generally accepted accounting principals, consistently applied, at the close of each Fiscal Year, reflected on the Company's information tax return filed for federal income tax purposes.