Net Operating Losses definition
Net Operating Losses means for each taxable year of the Company an amount equal to the Company's net income or loss for such year as determined in accordance with the Federal income tax accounting methods and rules used by the Company on its Federal Partnership Information Return, but excluding Net Disposition Profits and Net Disposition Losses, and increased by any non-taxable income received by the Company and decreased by any non-deductible expenses incurred by the Company.
Net Operating Losses has the meaning specified in Section 9.6(b) hereof.
Net Operating Losses or "NOLs" shall mean the deduction allowed as a carryforward for losses incurred in a prior taxable period.
Examples of Net Operating Losses in a sentence
The Company is in the process of preparing amendments to its Federal and Wisconsin State income tax returns for the fiscal year ended March 31, 2011 to reflect an additional depreciation adjustment, resulting in an approximately $3 million increase in Net Operating Losses carryforward.
The Manager shall be entitled to deduct from any Net Revenues of the Company the amount of any Net Operating Losses funded by and owed to the Manager by the Company together with Accrued Interest until paid in full.
For purposes of tax benefits created by Net Operating Losses (“NOL”), the benefit ratio will be allocated based on the entities share of NOLs with the overall consolidated or combined group’s NOL Benefits related to credits will be determined pro-rata based on the priority of the credits and pursuant to Section 1(c).
Allocation of Net Operating Profits and Net Operating Losses for Book Accounting Purposes...
The Buyer shall cooperate with the Parent in reallocation of the Company and the Subsidiary Net Operating Losses.
More Definitions of Net Operating Losses
Net Operating Losses means the excess, if any, of all expenses incurred by the Trust (other than expenses incurred in the purchase, sale or other disposition of Portfolio Crypto Assets or Securities) over the aggregate income earned by the Trust from all sources whatsoever (other than from the purchase, sale or other disposition of Portfolio Crypto Assets or Securities).
Net Operating Losses means the loss, if any, incurred by MUSA in the operation of the U.S. LMR Distribution Business between August 1, 1996 and the date of the closing of the Securicor Transaction, calculated by subtracting the following amounts from the aggregate net revenue of the U.S. LMR Distribution Business during such period:
(a) costs of all goods and services sold in the U.S. LMR Distribution Business in generating such net revenue;
(b) employment costs, lease and operation expenses of facilities, sales and marketing expenses, general and administrative expenses, service agreements, depreciation and amortization (but expressly excluding any amortization of the purchase price, the Trademarks or the goodwill of MIC acquired pursuant to this Agreement) incurred in the operations of the U.S. LMR Distribution Business; and
(c) interest expense and Taxes incurred by MUSA directly related to the conduct of the U.S. LMR Distribution Business.
Net Operating Losses. With respect to any period, shall mean the excess of -------------------- aggregate expenses incurred during (or attributable to) such period by the Company and not by any Portfolio Company or Investment (other than expenses directly relating or attributable to the sale, purchase, exchange or distribution of Portfolio Securities) over the aggregate income earned during such period by the Company from all sources whatsoever (other than net gain from the sale, purchase, exchange or distribution of Portfolio Securities), such Net Operating Losses to be computed in accordance with applicable U.S. federal income tax accounting principles and (to the extent possible) with generally accepted accounting principles.
Net Operating Losses of the Company means all tax attributes of the Company whose use is limited pursuant to Sections 382(a) and 382 of the Code if a corporation undergoes an Ownership Change, including, without limitation, net operating loss carryforwards and net operating losses allocable to a period prior to the date of an Ownership Change (within the meaning of Section 382(d) of the Code), excess credits (within the meaning of Section 383(a) of the Code), net capital losses (within the meaning of Section 383(b) of the Code) and foreign tax credits (within the meaning of Section 383(c) of the Code).
Net Operating Losses has the meaning set forth in Section 5.1.
Net Operating Losses means such Operating Costs that are in excess of Net Smelter Returns.
Net Operating Losses with respect to any period, shall mean the excess of aggregate expenses incurred during (or attributable to) such period by the Company (other than expenses directly relating or attributable to the sale, purchase, exchange or distribution of Portfolio Securities) over the aggregate income earned during such period by the Company from all sources whatsoever (other than net gain from the sale, purchase, exchange or distribution of Portfolio Securities), such Net Operating Losses to be computed in accordance with applicable U.S. federal income tax accounting principles and (to the extent possible) with generally accepted accounting principles.