LCF Interest definition
LCF Interest means, for any Accounting Period, the amount computed based on the amount of the Loss Carry Forward as of the beginning of such Accounting Period and an interest rate of 1.75% per quarter. The LCF Interest shall be recorded in Line AO of Schedule B, for such Accounting Period.
LCF Interest. Means for a given Accounting Period the product of (a) the LCF amount as of the end of the prior Accounting Period and (b) 1.25%.
Examples of LCF Interest in a sentence
Each Accounting Period subsequent to the initial Accounting Period, the Loss Carry Forward will be determined as the sum of (i) the Loss Carry Forward as of the end of the previous Accounting Period plus (ii) the LCF Interest for the current Accounting Period less (iii) the LCF Adjustment for the current Accounting Period.