Available Losses definition

Available Losses means the aggregate of the amounts described in section 99 of Corporation Tax ▇▇▇ ▇▇▇▇ that in the relevant Accounting Period and Claim Period are eligible for surrender by Paragon Parent under the provisions of Part 5 of Corporation Tax ▇▇▇ ▇▇▇▇, to the extent that the Administrators are satisfied that such amounts are either: (a) not available to; or (b) not likely to be required by, Paragon Parent for its own account or to transfer to any Liquidating Subsidiary to offset or reduce the taxable income of Paragon Parent or such Liquidating Subsidiary.
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Available Losses means the aggregate of any amounts which, in accordance with Chapter IV of Part X of the Income and Corporation Taxes Act 1988 (CHAPTER IV), are eligible for surrender by a member of the Company's Group under that Chapter IV, but shall not include any amount which is to be or has been surrendered by any member of the Company's Group to any other member of the Company's Group.
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Available Losses means any current or historic tax losses which a Chargor is, under the tax law of its local jurisdiction, able to utilise to reduce or eliminate its own taxable profits and/or to surrender or transfer to another company;
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Examples of Available Losses in a sentence

  • Notwithstanding the above, Paragon Parent shall not be required to surrender any Available Losses to the extent that such Available Losses are utilized by Paragon Parent, or any subsidiary undertaking thereof, in respect of the Claim Period and/or any Accounting Period ending on or prior to such Claim Period.


More Definitions of Available Losses

Available Losses means, in relation to an accounting period of a company, any amount available for surrender by way of Group Relief by that company.
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Related to Available Losses

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Available Income means, on each Distribution Date, an amount calculated for each of the Paired Trusts as all funds on deposit in the applicable trust on that Distribution Date after that trust has (i) set aside an amount equal to the Fee Deduction Amount to pay fees and expenses, (ii) paid or received a payment from the other Paired Trust under the income distribution agreement and (iii) acquired treasuries with an aggregate purchase price equal to the Aggregate Par Amount of its shares as of that Distribution Date.

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.

  • Excess Collections shall have the meaning specified in Section 2.8(a)(xv) of the Indenture.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).