Common use of NOLs Clause in Contracts

NOLs. As of December 31, 1997, the Company and its Subsidiaries had net operating loss carryovers available to offset future income as disclosed in Section 3.9.19 of the Disclosure Schedule. Section 3.9.19 of the Disclosure Schedule discloses the amount of and year of expiration of each company's net operating loss carryovers.

Appears in 1 contract

Sources: Merger Agreement (Bay State Gas Co /New/)

NOLs. As of December 31, 1997, the Company and its Subsidiaries had net operating loss carryovers available to offset future income as disclosed in Section 3.9.19 of the Disclosure Schedule. Section 3.9.19 of the Disclosure Schedule discloses the amount of and year of expiration of each company's net operating loss carryovers.A-14

Appears in 1 contract

Sources: Agreement and Plan of Merger (Nipsco Industries Inc)