Operating Losses definition

Operating Losses means the amount by which Operating Costs exceed Revenue in any month after the commencement of Commercial Production.

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Operating Losses means Losses determined without taking into account any Liquidating Gains or Liquidating Losses.

Operating Losses means, in any month after the commencement of Commercial Production, the amount by which Operating Costs exceed Revenue;

Examples of 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.

• Operating Losses shall not be carried forward or backward to subsequent or prior Fiscal Years.

• Any such allocations shall be made first from items of income constituting Operating Profits or Operating Losses, and only thereafter from items of income constituting Liquidating Gains or Liquidating Losses.

• Subject to Section 8.3(b), the Parties shall share all Collaboration Operating Profits and all Collaboration Operating Losses (as applicable) for each Product in the Profit Share Territory on the basis of seventy-five percent (75%) to Biogen Idec and twenty-five percent (25%) to Portola.

• The Parties agree that Precigen’s obligation to bear twenty percent (20%) of all Operating Losses in respect of the Gorilla IL-12 Program shall not require Precigen to make payments in respect of Gorilla Development Costs in excess of twenty percent (20%) of the amounts set forth in any agreed Gorilla Development Budget, or, if the Parties cannot agree on the Gorilla Development Budget, the Gorilla Agreed Budget.

More Definitions of Operating 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.

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 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, 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, with respect to any fiscal period the amount determined by subtracting the Operating Expenses of the Company during such fiscal period from the Operating Revenue of the Company during such fiscal period. The Operating Losses, if any, of the Company shall be determined on a cash flow basis. For purposes of determining the amount of Operating Losses pursuant hereto, there shall be excluded from the definition of Operating Expenses:

Operating Losses means any negative number which results from the calculation of Operating Profits.