Operating Losses means the amount by which Operating Costs exceed Revenue in any month after the commencement of Commercial Production.
Operating Losses means Losses determined without taking into account any Liquidating Gains or Liquidating Losses.
Operating Losses means the absolute value of the following amount (if negative): net income (loss) of the Partnership for such period determined in accordance with GAAP without giving effect to extraordinary gains (or losses) or any taxes on or measured by such net income or loss, plus the sum of (i) all amortization and depreciation ---- expense and other non-cash expenses (it being acknowledged by the parties hereto that principal payments on account of debt and capital expenditures other than those amortized during any period for which net income (loss) is being determined are not taken into account or deducted when calculating net income (loss) under GAAP), (ii) all Leasing Costs that are not treated as capital expenditures under GAAP, (iii) all interest expense of the Partnership on loans made by any BP Partner under the Partnership Agreement (which loans are evidenced by a BP Note) and (iv) all fees, costs and expenses (other than interest expense) incurred by the Partnership or any Partner in connection with any Partnership loan which were deducted as an expense (rather than amortized) other than non-amortizable fees, costs and expenses for Approved Loan Costs and non-amortizable Excess Proceeds Borrowing Costs, minus the Amortized Leasing ----- Costs for such period and the amortized portion of the Approved Loan Costs and the Excess Proceeds Borrowing Costs for such period. Operating Profits and Losses for any partial month shall be prorated on the basis of the actual number of days of such month and a 365-day year.
Examples of Operating Losses in a sentence
Schedule A/B, Part 11, Question 72 – Tax Refunds and Unused Net Operating Losses The Debtors have not finalized the calculation of the 2017 net operating loss.
Get Publication 120, Net Operating Losses for Individuals, Estates, and Trusts, for more details on computing the NOL and the allowable deduction.
Net Operating Losses – Net operating loss carrybacks and carryforwards allowed under IRC Section 172(a) are not deductible in determining net profits.
Section 2303, Modifications for Net Operating Losses Section 2303 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)6 makes two changes to sections of the Internal Revenue Code that were impacted by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, related to (1) net operating loss (NOL) carryforwards and (2) NOL carrybacks.
For additional details on carryover rules, see federal Publication 536, Net Operating Losses.
More Definitions of Operating Losses
Operating Losses of the Partnership described in the Redemption Agreement in a manner intended to materially adversely affect, to the benefit of the other Partners, the amounts that Prudential would be entitled to receive under this Agreement or the Redemption Agreement.
Operating Losses means, with respect to Operator (or Motivate) for any period, the amount, if any, by which Operating Expenses for such period exceed System Operating Revenues for such period.
Operating Losses means, for any Company Fiscal Year, the Profits or Losses, as the case may be, of the Company for that year as determined for federal income tax purposes by the Accountants with the adjustments described in the definition of “Profits or Losses,” excluding Profits or Losses from a Capital Transaction and determined without regard to any adjustments to basis pursuant to Sections 734 or 743 of the Code.
Operating Losses means, for any period, the amount of operating losses for such period, if any, determined in accordance with generally accepted accounting principles applied in a manner consistent with the application of such principles in periods prior to 1999, provided that the impact of any expenses directly attributable to the Management Services Agreement or revenues or expenses directly attributable to (a) any reversal of prior inventory, warranty or other reserves, (b) any sale of assets (other than inventory in the ordinary course), and (c) any business acquired by the Company after the date hereof through merger, acquisition of securities, acquisition of assets or otherwise, in each case, shall be excluded from the determination of operating losses pursuant to this sentence.
Operating Losses means any negative amounts determined by subtracting from total revenue, as determined in accordance with GAAP, medical expenses and administrative expenses.
Operating Losses means any negative number which results from the calculation of Operating Profits.
Operating Losses means the amount of Operating Profits or Losses as calculated in accordance with Exhibit A, when such amount is loss.