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 or "NOLs" shall mean the deduction allowed as a carryforward for losses incurred in a prior taxable period.
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.
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.
Net Operating Losses The NOLs of the LBHI Tax Group (including LBHI-Controlled Entities) are subject to audit and adjustment by the IRS and primarily expire in or about 2028.
Net Operating Losses The NOLs of the LBHI Tax Group (including Debtor-Controlled Entities) are subject to audit and adjustment by the IRS and primarily expire in or about 2028.
Net Operating Losses are now anticipated to be fully utilized in 2020 (previously 2021).
The Company has not had operations and has deferred items consisting entirely of unused Net Operating Losses as disclosed above.
More Definitions of Net Operating Losses
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:
Net Operating Losses shall, with respect to any Accounting Period, mean the excess, if any, of (A) all expenses paid (without duplication for accruals from prior periods) or accrued during such Accounting Period, including, but not limited to, the Management Fee and the amount of Asset-Based Special Interest Allocations incurred during such Accounting Period by the Partnership (other than expenses incurred in the sale or purchase of Securities) over (B) the aggregate income (including amounts paid to the Partnership in accordance with Section 3.08(b)) earned during such Accounting Period by the Partnership other than from the sale or purchase of Securities.
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 shall, with respect to any period, mean the excess of any aggregate gains realized during such period by the Partnership from the sale, purchase, exchange or other disposition of Partnership property or assets over any aggregate losses realized during such period by the Partnership from the sale, purchase, exchange or other disposition of Partnership property or assets;
Net Operating Losses means, with respect to any period, net losses after customer acquisition costs and depreciation and amortization expense, but excluding interest expense with respect to this Note, gains and losses from assets sales and reserves related thereto (other than sales of inventory in the ordinary course of business) and extraordinary gains and losses, determined in accordance with generally accepted accounting principles, consistently applied.
Net Operating Losses means the net operating loss carryforwards (within the meaning of IRC Section 172) generated and relating to the period commencing January 1, 1998 through December 31, 1998 (the "Final Pre-Spin Tax Period") that are not utilized through carryback and unconditionally survive the final and unappealable conclusion of the audit of the Final Pre-Spin Tax Period currently being conducted by the Internal Revenue Service.