- LOSS CARRYOVER definition

- LOSS CARRYOVER. The Loss Carryover at the end of the first Accounting Period shall be equal to zero (0). The Loss Carryover at the end of each Accounting Period thereafter shall equal the greater of (i) zero (0), or (ii) an amount equal to: (a) the Cash Balance for the prior Accounting Period as calculated on the applicable Settlement Date, PLUS (b) the Interest on Cash Balance for that Accounting Period as calculated on the applicable Settlement Date, PLUS (c) the Total Settlement for that Accounting Period, MINUS (d) the Target Cash Balance at the end of that Accounting Period.
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- LOSS CARRYOVER means for a particular Limited Partner the excess, if any, of the cumulative Losses allocated to that Limited Partner under Section 4.01(a) over the cumulative Profits allocated to that Limited Partner under Section 4.02(b) and (c). For these purposes, Losses allocated to any prior holder of the Interest held by the current Limited Partner shall not be taken into account without the written consent of the General Partner given at the time the General Partner consented to the assignment of the Interest unless the Interest was acquired by bequest or operation of law. In addition, whenever a Limited Partner withdraws a portion of his Capital Account, his Loss Carryover shall be reduced by the percentage that the withdrawn portion of his Capital Account bears to his Capital Account balance immediately prior to the withdrawal.
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Related to - LOSS CARRYOVER

  • Carryover means the provision under Section 42 of the IRC and Rule 67-48.028, F.A.C., which allows a Development to receive a Housing Credit Allocation in a given calendar year and be placed in service by the close of the second calendar year following the calendar year in which the allocation is made.

  • Net WAC Rate Carryover Reserve Account The Net WAC Rate Carryover Reserve Account established and maintained pursuant to Section 4.10.

  • Net WAC Rate Carryover Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the sum of (A) the positive excess of (i) the amount of interest accrued on such Class of Certificates on such Distribution Date calculated at the related Formula Rate, over (ii) the amount of interest accrued on such Class of Certificates at the Net WAC Rate for such Distribution Date and (B) the Net WAC Rate Carryover Amount for the previous Distribution Date not previously paid, together with interest thereon at a rate equal to the Formula Rate for such Class of Certificates for such Distribution Date and for such Accrual Period.

  • Carryover Allocation means an Allocation made to the Project if the Project will not be Placed in Service by close of the calendar year of the Allocation.

  • Principal Carryover Shortfall means, as of the close of business on any Payment Date, the excess, if any, of the Principal Distribution Amount over the Monthly Principal Distributable Amount.