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.

  • Section 1.1552-1(a)(2)(ii), as if the Loss Member had filed a separate return for such fiscal year as its first separate return year and allocated to such separate return year carryover and carryback items of consolidated net operating loss, consolidated net capital loss, consolidated unused investment credit, consolidated unused foreign tax credit, and consolidated excess charitable contributions under the provisions of Treas.

  • 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).

  • The Parent shall then pay to each Loss Member its allocable share of the total of the additional amounts due from the Profit Members.

  • 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.

  • 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.

  • The liability of a Tax Savings Member to pay the amount of its Tax Savings to Xxxxxxx shall be represented on the books of such Tax Savings Member as an account payable, and the right of a Loss Member to receive payments of Tax Savings from Xxxxxxx shall be represented on the books of such Loss Member as an account receivable.

  • 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).

  • 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.


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.

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

  • Settlement Class Members means a member of a Settlement Class.

  • Cardmember means a person to whom a card is issued and includes the supplementary cardmember where the context requires;

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

  • 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;

  • 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 an eligible employee who elects to participate in the defined contribution retirement plan established under this chapter.

  • Initiating Member has the meaning set forth in Section 7.5.

  • 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.

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

  • 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.

  • Administrative Committee means the committee in charge of Plan administration, as described in Article VII.

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

  • of a Member means the salary corresponding in any given year to a full-time appointment at the member's rank and step, as set out for that year in Schedule A.

  • Respondent means an individual who has been reported to be the perpetrator of conduct that could constitute sexual harassment.

  • Member Director means a Director elected or appointed pursuant to section 8(2)(a) of the Act and Section 5.02;