Deductible Losses definition

Deductible Losses means taxable losses of the Company that are generally deductible by a taxpayer subject to U.S. federal income taxation, but without regard to such taxpayer’s particular circumstances.
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Deductible Losses has the meaning set forth in Section 15(c) of the Agreement.
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Deductible Losses means Losses that are deductible for income tax purposes by the Person incurring such Loss and with respect to which the receipt of indemnification by the applicable Indemnified Party is not includible for income tax purposes by such Indemnified Party.
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Examples of Deductible Losses in a sentence

  • To retain for its own account and uninsured any amount which exceeds the amount that the Insurer is liable to pay to the Insured under the Policy, including Losses to the amount of the Deductible, Losses below the Non-Qualifying Loss Amount, the uninsured percentage of any Loss and any Losses in excess of the Policy Limit of Liability.

  • For purposes of this Section 15(c), Deductible Losses shall be comprised of the aggregate amount of such Deductible Losses under each of the Agreements.

  • If a Maximum Cost is applicable, that amount is the maximum you must pay for Subject Premium and, if applicable, Non-Subject Premium, Reimbursable Losses, Deductible Losses, Self-Insured Losses and ALAE itemized in Section 6 Item B.

  • If a Minimum Cost is applicable, that amount is the minimum you must pay for the Subject Premium and, if applicable, Non-Subject Premium, Reimbursable Losses, Deductible Losses, Self-Insured Losses and ALAE itemized in Section 6 Item A.

  • Deductible Losses subject to indemnification under this Section 15(c) shall not include Compliance Losses (defined below) subject to indemnification under Section 15(d).

  • For purposes of the application of Deductible Losses against the Deductible, Deductible Losses other than the Deductible Losses referred to in clauses (x) and (y) of the preceding sentence shall be deemed to be applied first against the Deductible and the Deductible Losses referred to in clauses (x) and (y) of the preceding sentence shall be deemed to be applied second against the Deductible.

  • In the event that the aggregate of such Deductible Losses exceeds the Basket Amount, the Sellers in the aggregate shall indemnify SFX and all other indemnified parties for all Deductible Losses including the Basket Amount; provided, however, in no event shall the indemnity obligations of the Sellers, for Deductible Losses under Section 13 of this Agreement plus an amount equal to all Non-Imputation Losses exceed the purchase price theretofore paid by SFX under Section 3(c) of this Agreement.

  • In the event that the aggregate of such Deductible Losses exceeds the Basket Amount, the Seller shall indemnify SFX and all other indemnified parties for all Deductible Losses including the Basket Amount.

  • Most of these state, tribe, or territory DMR tools submit data to the state, tribe, or territory data system, which in turn sends the data to either ICIS-NPDES.

  • Minimum Cost: If a Minimum Cost is applicable, that amount is the minimum you must pay for the Subject Premium and, if applicable, Non-Subject Premium, Reimbursable Losses, Deductible Losses, Self-Insured Losses and ALAE itemized in Section 6 Item A.


More Definitions of Deductible Losses

Deductible Losses means the lesser of: (x) the amount of loss actually incurred and retained under the Insurance Policies during the Transition Period or (y) the amount of the deductible or self insured retention on the Insurance Policies which is actually incurred and retained during the Transition Period.
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Related to Deductible Losses

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Deductible has the meaning set forth in Section 11.1(e).

  • Buyer Losses shall have the meaning set forth in Section 11.1 hereof;

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Indemnifiable Losses means any and all Losses relating to, arising out of or resulting from any Indemnifiable Claim.

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

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Buyer Indemnitees has the meaning set forth in Section 8.02.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Seller Indemnitees has the meaning set forth in Section 8.03.

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Covered Losses has the meaning set forth in Section 9.2(b).

  • Purchaser Indemnitees has the meaning set forth in Section 7.02.

  • Seller Indemnified Persons has the meaning set forth in Section 8.3.

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Seller Indemnified Parties has the meaning set forth in Section 8.1.

  • Buyer Indemnified Parties has the meaning set forth in Section 8.2.

  • Buyer Indemnified Persons has the meaning set forth in Section 8.2.

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Seller Indemnified Party has the meaning set forth in Section 7.2.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Indemnifiable Loss means, with respect to any Person, any action, claim, cost, damage, deficiency, diminution in value, disbursement, expense, liability, loss, obligation, penalty, settlement, suit, or tax of any kind or nature, together with all interest, penalties, legal, accounting and other professional fees and expenses reasonably incurred in the investigation, collection, prosecution and defense of claims and amounts paid in settlement, that may be imposed on or otherwise incurred or suffered by such Person, whether directly or indirectly.

  • Buyer Indemnified Party has the meaning set forth in Section 8.2.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).