Losses from Operations definition

Losses from Operations. All losses recognized by MNCC for federal income tax purposes other than Losses from Dispositions.

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Losses from Operations means all Profits for Tax Purposes or Losses for Tax Purposes of the Partnership other than Profits for Tax Purposes or Losses for Tax Purposes generated by Sales.

Losses from Operations. All losses recognized by MNCC for federal income tax purposes other than Losses from Dispositions. “Majority-in-Interest of Members” — (a) for so long as ▇▇▇▇▇▇▇ is a Member, (i) Members owning more than 50% of the aggregate current share of profits held by all Members (excluding the profits owned by ▇▇▇▇▇▇▇ as of the date hereof, whether such profit interest is still owned by ▇▇▇▇▇▇▇) and (ii) ▇▇▇▇▇▇▇ and (b) if ▇▇▇▇▇▇▇ is no longer a Member, (i) Members owning more than 50% of the aggregate share of profits (excluding the profits owned by ▇▇▇▇▇▇▇ as of the date hereof, whether such profit interest is still owned by ▇▇▇▇▇▇▇) and (ii) those Persons owning more than 50% of the profits interest owned by ▇▇▇▇▇▇▇ as of the date hereof.

Examples of Losses from Operations in a sentence

Except as otherwise required by Sections 4.6, 4.7, and 4.8, all items of Net Losses from Operations, if any, for each Accounting Period, shall be allocated fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors in proportion to their respective Ownership Percentages.
Except as otherwise provided in this Section 4.2 and subject to Article 7, 8 and 9 hereof, Net Losses from Operations shall be allocated 85% to the Investors, pro rata, and 15% to the Manager.
Subject to Section 5.4, Income from Operations and Losses from Operations and Income and Gain from Dispositions and Losses from Dispositions shall be allocated to the Members in accordance with their LLC Percentage Interests; provided, however, gains from Interim Capital Events shall be allocated to the Member requesting such Interim Capital Event.
If the Percentage Interest of a Member is adjusted during a Fiscal Year pursuant to the above, the Profits and Losses from Operations shall be prorated on such basis as the Manager shall determine in its sole discretion which is a permitted method under the Code or the Treasury Regulations.
If the amount of the Partnership loss from Sale of Assets is insufficient to balance the Partner’s Capital Account as described in this subparagraph, then the Partnership’s loss from Sale of Assets shall be allocated pro rata to each Partner whose Capital Account expressed as a ratio over the sum of all of the Partners’ Capital Accounts is greater than the Partner’s percentage Partnership interest in all items of Partnership Profits (Losses) from Operations other than gain or loss from the Sale of Assets.
Allocations of Net Profits and Net Losses from Operations - Except as may be required by Section 704(c) of the Code and Sections 2, 3 and 4 of this Article IX, Net Profits, Net Losses, and other items of income, gain, loss, deduction and credit shall be apportioned among the Members in proportion to their Sharing Ratios.
Except as otherwise provided, in Sections 4.2(c), 4.3, 4.4 and 8.2(d), Profits and Losses from Operations for any Fiscal Period shall be allocated 95% to the Unitholders and 5% to the General Partners.
All allocations of Net Profits and Net Losses from Operations shall be made to the persons who were Members during the fiscal period for which such allocation is made based upon the number of days in such period during which the person was a Member.
Net Profits and Net Losses from Operations shall be determined and allocated at the end of each Partnership year with respect to that year.
All Partnership Net Losses from Operations, if any, shall be allocated among all of the Partners and Transferees as follows: (i) until such time as all Unreturned Capital of all the Limited Partners is reduced to zero, 90% to the Limited Partners (pro rata in accordance with their respective Percentage Interests) and 10% to the General Partner; and (ii) thereafter, 75% to the Limited Partners (pro rata in accordance with their respective Percentage Interests) and 25% to the General Partner.

More Definitions of Losses from Operations

Losses from Operations. For any Fiscal Year or other period, an amount equal to JetFleet II's taxable income or loss from operations for such year or period, determined in accordance with Section 703(a) of the Code, including all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code, with the following adjustments: (a) any income of JetFleet II that is exempt from federal income tax and not otherwise taken into account in computing Profits from Operations and Losses from Operations pursuant to this definition shall be added to such taxable income or shall reduce such taxable loss; (b) any expenditures of JetFleet II described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B) expenditures pursuant to Regulations Section 1.704-l(b)(2)(iv)(i) and not otherwise taken into account in computing Profits from Operations or Losses from Operations pursuant to this definition shall be subtracted from such taxable income or loss; and (c) any Gain from Sale or Loss from Sale shall not be included in such taxable income or loss. Gross Income specially allocated to the General Partners pursuant to Sections 4.3(c) and (g) shall be excluded from the calculation of Profits from Operations and Losses from Operations.

Losses from Operations means all losses recognized by the LLC for federal income tax purposes other than Losses from Dispositions.

Losses from Operations means all net losses recognized for federal income tax purposes (with the modifications specified in the definition of Profits and Losses) other than Losses from Capital Transactions.