Company Losses definition

Company Losses has the meaning set forth in Section 9.2(a).

Company Losses is defined in Section 9.2.

Company Losses means the claims, liabilities, obligations, losses, costs, expenses, penalties, fines and damages of the Company Indemnified Parties as to which the Company Indemnified Parties are entitled to indemnification under Section 10.2.

Examples of Company Losses in a sentence

• Such payments to a Member shall not reduce the Capital Account of such Member, except to the extent of its distributive share of any Company Losses or other downward capital adjustment resulting from such payment.

• The Managers shall have no interests in Company Losses and tax deductions for federal income tax purposes until after the Members’ Capital Accounts have been reduced to zero.

• The Manager shall credit all Company Profits to and charge all Company Losses against the Members in proportion to their respective Interests.

• Notwithstanding the foregoing provisions of this Section 6.2, no claim for indemnification shall be made by Company against Seller unless and until the aggregate Company Losses shall exceed $25,000.

• Company Losses shall not be allocated to a Member if such allocation of Losses would cause the Member to have a negative Adjusted Capital Account Balance.

More Definitions of Company Losses

Company Losses has the meaning ascribed thereto in Section 3.2.

Company Losses has the meaning set forth in Section 2.04.

Company Losses means any and all losses, costs, expenses, fines, penalties and/or damages suffered and/or sustained by the Company that arise or result from, or are based upon, a representation or warranty of the Company in Section IV of the Stock Purchase Agreement not being true and correct on the Effective Date; provided, however, that the aggregate amount of Company Losses arising from environmental problems not known to the Company on the Effective Date shall be limited to $6,000,000.

Company Losses has the meaning provided in Section 14.1. --------------

Company Losses means all damages (including, without limitation, amounts paid in settlement with Buyer’s consent, which consent may not be unreasonably withheld), losses, obligations, liabilities, claims, deficiencies, costs and expenses (including, without limitation, reasonable attorneys’ fees), penalties, fines, interest and monetary sanctions, including, without limitation, reasonable attorneys’ fees and costs incurred to comply with injunctions and other court and Agency orders, and other costs and expenses incident to any suit, action, investigation, claim or proceeding or to establish or enforce the rights of the Company or the Shareholders to indemnification hereunder.

Company Losses means any Losses of the Company or any of its Subsidiaries.

Company Losses means items of Company loss and deduction determined in accordance with Section 4.2(b) of this Agreement.