Examples of Company Loss in a sentence

Special Accounting: Even if a reinsurance contract transfers risk, SSAP 62 generally requires the special recognition (or deferral) of profits from Retroactive ReinsuranceCeding Company: Loss & LAE reserves must be recorded Gross of Retroactive Reinsurance and in all schedules and exhibits.Assuming Company: must exclude Retroactive Reinsurance from Loss & LAE reserves and in all schedules and exhibits.
Historically, the allocation of the AEP System’s current consolidated federal income tax to the AEP System companies allocated the benefit of current tax loss of the parent company (Parent Company Loss Benefit) to the AEP System subsidiaries through a reduction of current tax expense.
In the first quarter of 2022, AEP and subsidiaries changed accounting for the Parent Company Loss Benefit from a reduction of current tax expense to an allocation through equity.
The Insurer shall pay, on behalf of the Company, Loss arising from Claims first made during the Policy Period.
The Insurer shall pay, on behalf of the Company, Loss arising from Claims first made during the Policy Period if, and to the extent that, the Company is legally required and permitted to indemnify and has provided an indemnity to an Insured Person for such Loss, provided that the Insurer shall not be liable for and the Company shall be liable to pay any applicable Retention.

More Definitions of Company Loss

Company Loss has the meaning set forth in Section 4(a).

Company Loss means, for each Fiscal Year or other period, an amount equal to the Company's taxable income or loss for such year or period, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss, or deduction required to be stated separately shall be included in taxable income or loss); provided, however, that (a) income exempt from federal income tax shall be treated as taxable income, (b) expenditures described in Section 705(a)(2)(B) of the Code or treated as such expenditures under Treasury Regulation Section 1.704-1(b)(2)(iv)(i) shall be subtracted from taxable income, (c) the difference between the adjusted basis for federal income tax purposes and Asset Value of Company property shall be treated as gain or loss upon the happening of an event described in clause (iii) of the definition of "Asset Value" herein, (d) gain or loss resulting from the disposition of Company property with respect to which gain or loss is recognized for federal income tax purposes shall be computed by reference to the Asset Value of such Company property, (e) items specially allocated under Sections 2.3(a), 2.3(b) and 2.3(c), and 4.1(b)(i) and (iii) shall not be taken into account.

Company Loss has the meaning assigned to it in Section 10.2(b) hereof.

Company Loss shall have the meaning in Section 7.2 (d) hereof

Company Loss means, for each Fiscal Year or other period, an amount equal to the Company’s taxable income or loss for such Fiscal Year or period, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Section 703(a)(l) of the Code shall be included in taxable income or loss), with the following adjustments:

Company Loss means damages, judgments (including the award of pre-judgment and post-judgment interest and the award of claimant’s costs) for which the COMPANY is legally liable resulting from a CLAIM and includes settlements entered into with the INSURER’S prior written consent (such consent not to be unreasonably withheld) and includes DEFENCE COSTS. LOSS does not include taxes, fines, penalties, punitive, exemplary, aggravated or multiplied damages, or any CLAIM arising as a result thereof, or any CLAIM deemed uninsurable by law.

Company Loss has the meaning set forty in Section 7.1(b) of this Agreement.