Loss Company definition

Loss Company has the meaning given to that term in the definition of “Ineligible Losses” in this Clause 1.1;
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Loss Company means any Member whose Separate Return shows a net operating loss.
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Loss Company means a corporation within the Affiliated Group which does not have positive Corporate Taxable Income or positive Separate Return Tax for the applicable Consolidated Return Year.
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Examples of Loss Company in a sentence

  • All payments to a New York Company as a Loss Company shall be recorded on such New York Company’s books as contributed surplus.

  • Once a Loss Company is paid for the utilization of its Losses, the Loss Company cannot use such Losses in the calculation of its Separate Tax Liability.

  • Any of the Loss Company’s Losses which are not used to reduce Consolidated Tax Liability and for which it has not been paid shall be retained by the Loss Company for possible future use in computing its Separate Tax Liability.

  • Pursuant to Rule 45(c)(5), all members of the PHI Group, including those which are a Loss Company, shall be included in the allocation under Section 3.1 of this Agreement.

  • In connection with any Claim or Loss, Company shall give Purchaser prompt notice of the Claim or Loss (however, that any delay in notification will not relieve Purchaser of its obligation to indemnify, except and solely to the extent that the delay actually prejudices Purchaser).

  • In connection with any Claim or Loss, Company shall give Purchaser prompt notice of the Claim or Loss; provided, however, that any delay in notification will not relieve Purchaser of its obligation to indemnify, except and solely to the extent that the delay actually prejudices Purchaser.

  • Loss: Company will not provide any equipment required to interface with the online network for the Independent Contractor to provide their service.

  • Risk of Loss: Company assumes all risk of loss and damage to its property.