Net Capital Loss in respect of a particular period means the difference, if positive, between (i) aggregate capital losses, whether realized or unrealized, in such period and (ii) aggregate capital gains, whether realized or unrealized, in such period.
Net Capital Loss in respect of a particular period means the difference, if positive, between (1) aggregate capital losses, whether realized or unrealized, in such period and (2) aggregate capital gains, whether realized or unrealized, in such period. Any Income Based Fee otherwise payable under this Section 3(b)(i) with respect to Accrued Unpaid Income (collectively, the “Accrued Unpaid Income Based Fees”) shall be deferred, on a security by security basis, and shall become payable only if, as, when and to the extent cash is received by the Corporation or its consolidated subsidiaries in respect thereof. Any Accrued Unpaid Income that is subsequently reversed in connection with a write-down, write-off, impairment or similar treatment of the investment giving rise to such Accrued Unpaid Income will, in the applicable period of reversal, (1) reduce Pre-Incentive Fee net investment income and (2) reduce the amount of Accrued Unpaid Income Incentive Fees deferred under this paragraph. Subsequent payments of Accrued Unpaid Income Incentive Fees deferred pursuant to this paragraph shall not reduce the amounts otherwise payable for any quarter pursuant to this Section 3(b)(i).
Examples of Net Capital Loss in a sentence
If in any given fiscal year, the Company has a Net Capital Loss from Sold Properties during that year, then such Net Capital Loss will be added to the calculated total Capital Gain / Capital Loss of Sold Properties in the following fiscal year.
More Definitions of Net Capital Loss
Net Capital Loss in respect of a particular period means the difference, if positive, between (i) aggregate capital losses, whether realized or unrealized, in such period and (ii) aggregate capital gains, whether realized or unrealized, in such period. These calculations are prorated for any period of less than three months and adjusted for any share issuances or repurchases during the relevant quarter. If the consummation of the Exchange Listing occurs on a date other than the first day of a calendar quarter, the incentive fee on Pre-Incentive Fee Net Investment Income Returns shall be calculated for such calendar quarter at a weighted rate calculated based on the fee rates applicable before and after the Exchange Listing based on the number of days in such calendar quarter before and after the Exchange Listing. In no event will the Adviser receive greater cumulative income based incentive fees under this Agreement than it would have under its prior Investment Advisory Agreement by and between the Fund and the Adviser, dated as of October 1, 2018.
Net Capital Loss means the sum of the capital gains and losses of all of the members of the combined group for a taxable year which results in an overall loss.
Net Capital Loss means an amount equal to the
Net Capital Loss means, for each Year, the excess of the Partnership's losses realized from sales or exchanges of capital assets and expenses incurred in connection with the transactions over gains realized during such Year from such sales and exchanges, excluding all capital gains or losses which are specially allocated pursuant to Section 5.5 hereof. For a Year in which "section 1231 gains" exceed "section 1231 losses," as those terms are defined in section 1231(a)(3) of the Code, such gains and losses from sales and exchanges of property used in the trade or business shall be treated as gains and losses from sales or exchanges of capital assets and shall be included in the determination of Net Capital Loss. For a Year in which "section 1231 gains" do not exceed "section 1231 losses," such gains and losses from sales and exchanges of property used in the trade or business shall not be treated as gains and losses from sales or exchanges of capital assets and shall not be included in the determination of Net Capital Loss.
Net Capital Loss in respect of a particular period means the difference, if positive, between (i) aggregate capital losses, whether realized or unrealized, and dilution to the Corporation’s net assets due to capital raising or capital actions, in such period and (ii) aggregate capital gains, whether realized or unrealized and accretion to the Corporation’s net assets due to capital raising or capital action, in such period. Dilution to the Corporation’s net assets due to capital raising is calculated, in the case of issuances of common stock, as the amount by which the net asset value per share was adjusted over the transaction price per share, multiplied by the number of shares issued. Accretion to the Corporation’s net assets due to capital raising is calculated, in the case of issuances of common stock (including issuances pursuant to our dividend reinvestment plan), as the excess of the transaction price per share over the amount by which the net asset value per share was adjusted, multiplied by the number of shares issued. Accretion to the Corporation’s net assets due to other capital action is calculated, in the case of repurchases by the Corporation of its own common stock, as the excess of the amount by which the net asset value per share was adjusted over the transaction price per share multiplied by the number of shares repurchased by the Corporation. For the avoidance of doubt, the purpose of this waiver agreement is, beginning as of January 1, 2016, to permanently reduce aggregate fees payable to the Adviser by the Company. Beginning January 1, 2016, in order to ensure that the Company will pay the Adviser aggregate fees on a cumulative basis under the new fee structure that are less than the aggregate fees otherwise due under the Advisory Agreement, the Adviser will, at the end of each quarter, calculate aggregate Base Management Fees and Incentive Fees based on Net Investment Income under both the new fee structure and the fee structure under the Advisory Agreement, and if, at any time after January 1, 2016, the aggregate fees on a cumulative basis under the new fee structure would be greater than the aggregate fees on a cumulative basis under the fee structure under the Advisory Agreement, the Adviser shall only be entitled to the lesser of those two amounts. Sincerely yours, MCC Advisors LLC By: Name: Xxxxxxx X. Xxxxxxx, Xx. Title: Chief Financial Officer
Net Capital Loss means for any period the difference, if positive, between (i) aggregate capital losses, whether realized or unrealized, during such period and (ii) aggregate capital gains, whether realized or unrealized, during such period, each as calculated in accordance with GAAP. Fee deferral pursuant to this Section 4.5 will be calculated with respect to the first twelve full calendar quarters that commence on April 1, 2022 using the appropriate portion thereof that may be less than twelve full calendar quarters.