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Common use of Net Operating Loss Clause in Contracts

Net Operating Loss. Permit or allow a Net Operating Loss of more than One Million Dollars ($1,000,000.00) in any quarterly period or in any amount for any two (2) consecutive quarterly periods in any one (1) fiscal year.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Mid America Apartment Communities Inc), Revolving Credit Agreement (Mid America Apartment Communities Inc), Revolving Credit Agreement (Mid America Apartment Communities Inc)

Related Clauses

  • Net Operating Income
  • Variances From Operating Budget
  • Exclusions from Operating Expenses
  • Limit on Operating Expenses
  • Operating Expense Limit

Parent Clauses

  • Allocations
  • Allocation of Net Operating Income and Net Operating Loss
  • Counterparts
  • Financial Covenants
  • Negative Covenants of Borrowers

Sub-Clauses

  • Definitions
  • Net Property Gain
  • Net Property Loss
  • Grounds for Termination
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