Loss Before Taxes definition

Loss Before Taxes for a period means, pretax earnings or loss, as the case may be, from continuing operations before (i) special extraordinary gains, (ii) minority interests, and (iii) miscellaneous gains and losses, in each case for such period.
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Examples of Loss Before Taxes in a sentence

  • Pursuant to, and in accordance with the provisions and restrictions of Section 2(b) hereof, Southern States shall calculate Savings or Loss Before Taxes and Operating Losses for each year during the Term and shall submit such calculations for the review and approval of the Board of Directors of Orange-Madison, or their duly appointed representative, within 120 days following the end of each calendar year during the Term hereof.

  • Any audits other than the Internal Compliance Audits desired by the Board of Directors of Orange-Madison shall be paid by Orange-Madison and the cost thereof shall not be included in the calculation of Savings or Loss Before Taxes as such term is defined in Section 1 hereof.

  • In the event that the Board of Directors of Orange-Madison, or their duly authorized representative, in good faith reasonably dispute the calculation of Savings of Loss Before Taxes and Operating Losses submitted by Southern States pursuant to Section 4(a) hereof, such calculations shall be submitted to an independent accounting firm, mutually acceptable to the Board of Directors of Orange-Madison and to Southern States, with the cost being borne equally by Southern States and Orange-Madison.

  • The income, gain, loss, deduction and credit of the Partnership (including Net Income (or Net Loss) Before Taxes and Cost Recovery Deductions, Taxes, and Cost Recovery Deductions) shall be determined for each Fiscal Year in accordance with the accrual method of accounting within 90 days after the end of such Fiscal Year.

  • Orange-Madison will pay all reasonable costs incurred by Southern States in defending and correcting the conditions that constitute Environmental Conditions or Environmental Noncompliance, which costs shall be included in the calculation of Savings or Loss Before Taxes as such term as defined in Section 1 hereof.

  • Operating Losses" shall mean Savings or ---------------- Loss Before Taxes reduced or increased by Adjustments to Savings or Loss Before Taxes.

  • The term "Savings or Loss Before Taxes" shall mean the annual results derived from the operations of Orange-Madison, prior to any (i) provision for income taxes, (ii) provision for loss reimbursement under Section 6 hereof, and (iii) any patronage distributions, and as reported to members or shareholders in reports compiled and presented using generally accepting accounting principles ("GAAP").

  • Operating Losses" shall mean Savings or Loss Before Taxes reduced or increased by Adjustments to Savings or Loss Before Taxes.

  • Successor or Transferee....................................................................17 SECTION 3.12.

  • Notwithstanding the foregoing, Parent's obligation to provide funds to Sub pursuant to this subsection 5.19(b)(ii) shall terminate and be nonrenewable if the cumulative sum from July 1, 1997 to the last day of any calendar month subsequent to the Closing Date of either the "Total Revenues" or the "Profit (or Loss) Before Taxes" of the Sub is below (or above in the case of a projected loss) 100% of the projected cumulative sum set forth in the Business Plan to the last day of such calendar month.