Loss Item definition

Loss Item has the meaning set forth in Section 7.6.1.

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Loss Item has the meaning set forth in the Tax Reimbursement Agreement.

Loss Item in the case of any Member, for any Taxable Year of the Group, means such Member's excess credits against federal income tax, net operating loss, or net capital loss for such Taxable Year, which result from the determination of such Member's Separate Return Tax Liability for such Taxable Year.

Examples of Loss Item in a sentence

Notwithstanding anything in this Agreement to the contrary, no Indemnitee who is an individual shall be denied indemnification or shall have any personal liability to the Company or its Members or any Subsidiary with respect to any Loss Item, except to the extent such Loss Item is proximately caused by such Indemnitee’s actual active and deliberate dishonesty, or fraud.
Such adjustments will entitle the Managing General Partner to receive additional percentage (i) allocation of each Partnership Income and Loss Items, including basis in depletable properties, and (ii) Distributions equal to its Additional Capital Interest, and the percentage of allocation of each Partnership Income and Loss Item and Distributions to the Interest Holders shall be proportionally reduced.
Unless otherwise mutually agreed, the Replacement Item shall be of the same manufacture, model and type and of at least equal capacity, function and value as the Casualty Loss Item.
For purposes of the two preceding sentences, the extent, if any, to which any such Loss Item has been utilized by the Common Parent in determining the Group's Consolidated Taxable Income or Consolidated Tax Liability for the Taxable Year or Taxable Years of the Group referred to in such sentences shall be determined in accordance with the provisions of Section 1.1502-79 of the Consolidated Return Regulations.
Notwithstanding anything in this Agreement to the contrary, no Indemnitee who is an individual shall be denied indemnification or shall have any personal liability to the Company or its Members with respect to any Loss Item, except to the extent such Loss Item is proximately caused by such Indemnitee’s actual active and deliberate dishonesty, or fraud.
Upon payment of the Stipulated Loss Value, and provided that no Event of Default (as hereinafter defined) has occurred: (i) Lessee's obligation to pay Rent for all remaining Items shall remain in full force and effect and shall terminate only with respect to such Casualty Loss Item.
In the event that a Member receives a refund of federal income taxes with respect to a Loss Item described in the previous sentence, such Member shall be entitled to retain the refund.
For purposes of the two preceding sentences, the extent, if any, to which any such Loss Item has been utilized by the Common Parent in determining the Group's Consolidated Taxable Income or Consolidated Tax Liability for the Taxable Year or Taxable Years of the Group referred to in such sentences will be determined in accordance with the provisions of Section 1.1502-79 of the Consolidated Return Regulations.

More Definitions of Loss Item

Loss Item in the case of any Member, for any Taxable Year of the Group, means such Member's excess credits against federal income tax, net operating loss, or net capital loss for such Taxable Year, any or all of which result from the determination of such Member's Separate Return Tax Liability for such Taxable Year.

Loss Item means a Tax Item that is both (i) a Deferred --------- Reorganization Tax Item (or would be a Deferred Reorganization Tax Item if the portion of a Straddle Period beginning at the beginning of the day after the Drop Down Date were a separate taxable year or period under applicable law) and (ii) a loss, deduction, credit, or other Tax Item that is of a type that generally decreases Income Taxes paid or payable.