Loss Bid definition
Loss Bid is defined in Section 6(d)(2) of the Master Lease.
Loss Bid means any outstanding offer (or group of related offers) made by the either Company or their respective Subsidiaries to provide goods or services to any customer which, if accepted by the offeree, such Company or its Subsidiaries reasonably expects, based on such Company or Subsidiaries most current cost information as of the date such offer (or group of related offers) is made by the Company, to result in a loss (based on the calculation of gross profit under GAAP) over the full performance of the Contract.
Loss Bid has the meaning set forth in Section 6.4(b) of the Lease.