NOL Carryforwards definition

NOL Carryforwards shall have the meaning specified in Section 4.13.

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NOL Carryforwards means a deduction in any taxable year for net operating losses carried over from prior taxable years. “NOLs” means net operating losses.

NOL Carryforwards means a deduction in any taxable year for net operating losses carried over from prior taxable years.

Examples of NOL Carryforwards in a sentence

None of the Montage Group NOL Carryforwards is subject to limitation under Treasury Regulations Sections 1.1502-15 or 1.1502-21.
As of the date of this Agreement (x) the Montage Group NOL Carryforwards are subject to limitation under Section 382 of the Code and (y) the limitations are such that substantially all of the Montage Group NOL Carryforwards are expected to be available for use prior to their expiration.
Except as may result from this Agreement or the Related Agreements, or the transactions contemplated hereby or thereby, none of the NOL Carryforwards is currently subject to limitation under Section 382 of the Code or Treasury Regulations Section 1.1502-15 or -21 (or any comparable provisions of Dutch tax law) or otherwise.
The availability of the Limited NOL Carryforwards in post-February 15, 2005 periods has been limited to approximately $17.0 million per year.
The ”section 382 limitation” (within the meaning of Section 382(b)(1) of the Code) applicable to the NOL Carryforwards and the Credit Carryforwards is not materially less than $181 million.
With the exception of the Limited NOL Carryforwards (and any limitation that may result from the transactions contemplated by this Agreement), none of the NOL Carryforwards is currently subject to any limitation under Section 382 of the Code, Treasury Regulations Section 1.1502-15 or 21, Section 384 of the Code or otherwise.
The NOL Carryforwards are subject to the limitations under Section 382 of the Code described in Section 4.10(b) of the Company Disclosure Schedule.
Except as may result from the Merger, none of the NOL Carryforwards or the Credit Carryforwards is currently subject to limitation under Treasury Regulations Section 1.1502-15 or -21.
None of the Limited NOL Carryforwards has been used and the $17.0 million per year limitation has been accumulating so that, as of the end of 2008, there will effectively be no remaining limitation on the utilization of the Limited NOL Carryforwards.
Except as may result from the Mergers, none of the NOL Carryforwards is currently subject to limitation under Section 382 of the Code or Treasury Regulations Section 1.1502-15 or -21 or otherwise.

More Definitions of NOL Carryforwards

NOL Carryforwards has the meaning set forth in Section 4.15(n).

NOL Carryforwards shall have the meaning set forth in Section 4.1(r)(iii).

NOL Carryforwards means any net operating losses or RBILs of the Company Entities (computed in accordance with the Code and the Treasury Regulations promulgated thereunder) from Pre‑Closing Tax Periods, including those generated from Seller Tax Deductions, that are available in Tax periods after the Closing Date for use by Purchaser, the Company Entities or their Affiliates. For the avoidance of doubt, the term NOL Carryforwards does not include any foreign tax credits or unrecognized built-in losses.