Loss Member definition

Loss Member means a Member which has losses.
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Loss Member means a Member whose losses and/or credits have resulted in Tax Savings for one or more Members.
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Loss Member means a Member that for the relevant Taxable Year lacks positive Taxable Income.
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Examples of Loss Member in a sentence

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

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

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

  • Any Loss Member or Loss Members which cause a Tax Savings shall be paid the amount of such Tax Savings by Xxxxxxx in accordance with the "consistent method" requirements of Treas.

  • With respect to payment of Tax Savings to Loss Members, Xxxxxxx shall pay to each Loss Member such Loss Member's allocable share of the total Tax Savings.

  • With respect to payment of Tax Savings to Loss Members, IE shall pay to each Loss Member such Loss Member's allocable share of the total Tax Savings.

  • Whenever the terms "Accident", "Accidental Property Damage", "Loss", "Member Insured", "Multiple", "Policy Year", "Premium" and "Retrospective Premium Adjustment" are used in this Policy with both capitalization and reference to this Policy, the Other Insurance Policies, or Other Member Insurance Policies, they shall refer to the defined meanings given such terms in this Policy, the Other Insurance Policies the Other Member Insurance Policies, respectively and to which they so refer.

  • Generally, the reimbursement of a Loss Member for the tax benefit of its losses or tax credits will be made by reducing the Loss Member's intercompany payables to the Benefited Member(s).

  • In making this determination, NiSource shall elect a method for determining estimated tax and each Member shall follow that method; provided, however, under -------- ------- no circumstances shall a Loss Member be paid any amount described in Section 2.1(d) until a date after which NiSource has filed the Consolidated Return for such Consolidated Return Year.

  • Absolutely no subconsultant work shall begin without the specific written consent of the Deputy Chief Engineer.


More Definitions of Loss Member

Loss Member means any loss, liability, claim, damage, cost or expense. means each member of the Lessor (or any successor or assign of such member).
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Related to Loss Member

  • Class Member means a member of the Class.

  • Settlement Class Member means each person and entity who or which is a member of the Settlement Class.

  • Insured Member means a member insured under this subdivision.

  • Class Members means all individuals in the Settlement Class, including the Class Representatives.

  • Settlement Class Members means any member of the Settlement Class.

  • appointed member means a member referred to in section 5(1)(a) or (b);

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Participating Class Member means a Class Member who does not submit a valid and timely Request for Exclusion from the Settlement.

  • Panel Member ’ means a member of a panel;

  • Household member means an adult living in the private residence out of which a program is operated, regardless of whether the adult is living there permanently or temporarily.

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • Covered Person means: (a) any officer, director, shareholder, partner, member, representative, employee or agent of (i) the Trust or (ii) the Trust's Affiliates; and (b) any Holder of Securities.

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Major Participant means each Equity Member and each member of the Proposer’s organization: (a) with primary responsibility for design; (b) with primary responsibility for construction; or (c) with a proposed subcontract with a value greater than or equal to 5% of the contract price or $20 million, whichever is greater.

  • Bank Member means Standard Chartered PLC or any of its Affiliates and "Group" means all Bank Members.

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • Non-Participating Class Member means any Class Member who opts out of the Settlement by sending the Administrator a valid and timely Request for Exclusion.

  • Insured Person s year” means a year from the date of commencement of the insured person’s policy, or from the anniversary date of the commencement of the insured person.

  • Faculty member means any person hired by the college or District to conduct classroom or teaching activities or who is otherwise considered by the college to be a member of faculty.

  • Spouse or partner means a person (including same sex partners) who lives with the principal policy holder in a marital or de facto relationship.

  • Covered Persons has the meaning set forth in Section 20(a).

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Non-Lead Sponsor means the Note A-2 Holder in its capacity as the sponsor with respect to the Non-Lead Securitization Note in connection with the Non-Lead Securitization.

  • Claims Agent means Kurtzman Carson Consultants LLC.

  • Voting Member means a Member holding one or more Voting Shares.