Loss Year definition

Loss Year means the year in which the Effective Date occurs.

Loss Year has the meaning specified in Section 6.1(a)(i).

Loss Year means a fiscal year in which a loss had occurred or for which a loss carryforward shall apply.

Examples of Loss Year in a sentence

• For federal income tax purposes, after the Effective Date Xcel or its Affiliates shall claim the Worthless Stock Deduction for the Loss Year.

• In the event that during any Fiscal Year a Subsidiary has an operating loss (a “Loss Year”), then neither the President nor the Executive Vice President(s) who are Subsidiary Participants with respect to such Subsidiary shall be entitled to a Payment Amount for the Performance Period containing such Loss Year.

• Neither Xcel nor any of its Affiliates shall claim the Worthless Stock Deduction for any year before the Loss Year.

• Any unused portion of the Bonus Pool shall remain with the Corporation.3.2.3 Carryforward Losses – In the event that the Corporation has a Loss Year (without regard to non-operating gains or losses resulting from extraordinary events such as the sale of a significant part of a Division's fixed assets), the full amount of the loss must be earned back in future years by adding it to the Bonus Base before any profit is recognized for profit sharing.

• In the event EBITDA is less than $0 for any four consecutive fiscal quarters of the Company (any such period, a "Loss Year"), the holders of a majority in aggregate principal amount of the Notes then outstanding shall be entitled to exercise their rights under the Voting Agreement.

More Definitions of Loss Year

Loss Year means, in respect of jurisdiction for which the Filing Constituent Entity has made an election under subsections 165(16) to (19), a Financial Year in the Look-back Period for which there is a Net Asset Loss for a Constituent Entity located in that jurisdiction and the total amount of Net Asset Loss of all such Constituent Entities exceeds the total amount of their Net Asset Gain;

Loss Year means the initial taxable year in which there occurs a federal net operating loss (NOL) that can be carried back or carried forward in whole or in part to another taxable year.

Loss Year means any year during the Term during which there is a Net Loss. “Modified GAAP” means United States Generally Accepted Accounting Principles (“GAAP”), modified to reflect conventions adopted by DBAG in the ordinary course of preparing the financial statements of DBNY.

Loss Year means the year in which an NOL occurred.

Loss Year means a fiscal year of the Corporation in which the "annual net earnings per share" (as defined in paragraph 4(b) of the Agreement) shall be a negative number.

Loss Year has the meaning ascribed to it in Section 11.03.

Loss Year means the year in which the NOL oc- curred.