Net Economic Loss definition

Net Economic Loss means the amount of any loss, liability, damage, cost or expense (including reasonably attorneys' fees) incurred by Travel Systems or any of the other indemnified persons or entities arising out of the matters or circumstances referred to in Article VI, Section 1., hereof, less the amount of
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Net Economic Loss means the amount of any loss, liability, damage, cost or expense (including reasonably attorneys' fees) incurred by the Selling Shareholder or any of the other indemnified persons or entities arising out of the matters or circumstances referred to in Article VI - A Section 1., hereof, less the amount of the economic benefit (if any) received by the Selling Shareholder in connection with such loss, liability, damage, cost or expense (including without limitation benefits obtained under federal, state and local tax laws, amounts recovered under insurance policies net of deductibles and incidental expenses and premium increases resulting therefrom, recovery or potential recovery by setoffs or counterclaims, and other economic benefits). The amount of any such economic benefit received by the Selling Shareholder after the calculation of Net Economic Loss shall be subtracted from any amount payable by Travel Systems under this Article VI-A or shall be payable to Travel Systems in reimbursement for amounts already paid by Travel Systems under this Article. In determining the amount of such economic benefit, due consideration shall be given to, among other things, appropriate discount for timing factors.
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Net Economic Loss means the amount of any loss, liability, damage, cost or expense (including reasonably attorneys' fees) incurred by Travel Systems or any of the other indemnified persons or entities arising out of the matters or circumstances referred to in Section 1 hereof, less the amount of the economic benefit (if any) received by Travel Systems in connection with such loss, liability, damage, cost or expense (including without limitation benefits obtained under federal, state and local tax laws, amounts recovered under insurance policies net of deductibles and incidental expenses and premium increases resulting therefrom, recovery or potential recovery by setoffs or counterclaims, and other economic benefits). The amount of any such economic benefit received by Travel Systems after the calculation of Net Economic Loss shall be subtracted from any amount payable by Owners under this Agreement or shall be payable to Owners in reimbursement for amounts already paid by Owners under this Agreement. In determining the amount of such economic benefit, due consideration shall be given to, among other things, appropriate discount for timing factors. The indemnity provided for in this Agreement shall be in addition to, and not in lieu of, the indemnity provided by JSG under the Merger Agreement. Travel Systems may pursue its rights hereunder regardless of whether it has taken action to enforce the indemnity provided under the Merger Agreement.
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Examples of Net Economic Loss in a sentence

  • The Secretary or the taxpayer may redetermine a loss10 originating in a taxable year that is closed under the statute of limitations for the purpose of11 determining the amount of loss that can be carried forward to a taxable year that remains open12 under the statute of limitations.13 (e) Net Economic Loss Carryforward.

  • The Secretary or the taxpayer may redetermine a loss11 originating in a taxable year that is closed under the statute of limitations for the purpose of12 determining the amount of loss that can be carried forward to a taxable year that remains open13 under the statute of limitations.14 (e) Net Economic Loss Carryforward.

  • From federal taxable income of $164.5 billion, there was a reduction of $29.5 billion due to NC adjustments, a reduction of $5.0 billion due to nonapportionable income, a reduction of $127.9 billion due to apportioning income to North Carolina, and a reduction of $8.8 billion due to Net Economic Loss carryforwards.3 Some corporations have negative federal taxable income but pay North Carolina taxes because provisions of the State tax code require that they add back certain amounts.

  • Determination of Net Economic Loss Net loss for 2006 ($10,000) Reduced by income not taxable:U.

  • Determination of Net Economic Loss Net loss for 2004 ($10,000) Reduced by income not taxable:U.

  • For mergers and acquisitions occurring prior to January 1, 2015, the Secretary must apply the standards underG.S. 105-130.8 for taxable years beginning before January 1, 2015, and the standards of this section for taxable years beginning on or after January 1, 2015.…(e) Net Economic Loss Carryforward.

  • MMA/MDA proposal: These statistical returns should be transmitted through on-line links and should be imposed initially on medical clinics or dental clinics which have such facilities.

  • Government interest $ 500N.C. bond interest 500 1,000 Net economic loss for 2006 ($ 9,000)Computation of Net Economic Loss Deduction Net loss brought forward from 2006 ($ 9,000) Reduced by income not taxable received in 2007:U.

  • Net Economic Loss is defined as PML exposures, net of third party reinsurance including catastrophe industry loss warranty cover, reinstatement premiums and estimated income taxes, for the top four zones/perils based on loss projection data as of January 1, 2023.

  • Government interest $ 500N.C. bond interest 500 1,000 Net economic loss for 2006 ($ 9,000) Computation of Net Economic Loss Deduction Net loss brought forward from 2006 ($ 9,000) Reduced by income not taxable received in 2007:U.


More Definitions of Net Economic Loss

Net Economic Loss means the Specified Income less the Specified Costs in respect of each Dividend Period, if the resultant figure is a negative amount, reduced by the Notional Tax Percentage;
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Net Economic Loss means 20% of the documented net economic loss incurred by a member of the Early Distributor Group, as reflected in a
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Net Economic Loss means the amount of any loss, liability, damage, cost or expense (including reasonably attorneys' fees) incurred by Purchaser arising out of the matters or circumstances referred to in Section 5.1 hereof, less the amount of the economic benefit (if any) received by Purchaser in connection with such loss, liability, damage, cost or expense (including without limitation benefits obtained under federal, state and local tax laws, amounts recovered under insurance policies net of deductibles and incidental expenses and premium increases resulting therefrom, recovery or potential recovery by setoffs or counterclaims, and other economic benefits). The amount of any such economic benefit received by Purchaser after the calculation of Net Economic Loss shall be subtracted from any amount payable by Sellers under this Article V or shall be payable to Sellers in reimbursement for amounts already paid by Sellers under this Article. In determining the amount of such economic benefit, due consideration shall be given to, among other things, appropriate discount for timing factors.
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Related to Net Economic Loss

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • Economic loss means any of the following types of pecuniary harm:

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Special Economic Zone means each Special Economic Zone notified under the proviso to sub-section (4) of section 3 and sub-section (1) of section 4 (including Free Trade and Warehousing Zone) and includes an existing Special Economic Zone;

  • Nonrecourse Built-in Gain means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to Section 6.2(b) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • exclusive economic zone ’ means the zone established by Presidential Proclamation Numbered 5030, dated March 10, 1983, including the ocean waters of the areas referred to as ‘‘eastern special areas’’ in Article 3(1) of the Agreement between the United States of America and the Union of Soviet Socialist Re- publics on the Maritime Boundary, signed June 1, 1990;

  • Partner Nonrecourse Debt Minimum Gain has the meaning set forth in Treasury Regulation Section 1.704-2(i)(2).

  • Member Minimum Gain means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if such Member Nonrecourse Debt were treated as a Nonrecourse Liability.

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Member Nonrecourse Debt Minimum Gain means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if the Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Treasury Regulations Section 1.704-2(i)(3).

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Broad-Based Black Economic Empower-ment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • Economic Minimum means the lowest incremental MW output level, submitted to PJM market systems by a Market Participant, that a unit can achieve while following economic dispatch.

  • Simulated Gain means the excess, if any, of the amount realized from the sale or other disposition of an oil or gas property (as defined in Section 614 of the Code) over the Carrying Value of such property and determined pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(k)(2).

  • Partner Minimum Gain means an amount, with respect to each Partner Nonrecourse Debt, equal to the Partnership Minimum Gain that would result if such Partner Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

  • Net Income or Net Loss means, for each Fiscal Year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period, as determined for federal income tax purposes, determined by the Accountants in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), with the following adjustments:

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

  • Gain means a gain of any property, whether temporary or permanent, and includes the keeping by a person of any property that he or she already has;

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Member Nonrecourse Deductions has the meaning of “partner nonrecourse deductions” set forth in Treasury Regulations Sections 1.704-2(i)(1) and 1.704-2(i)(2).

  • Partner Nonrecourse Deductions has the meaning set forth in Regulations Section 1.704-2(i)(2), and the amount of Partner Nonrecourse Deductions with respect to a Partner Nonrecourse Debt for a Partnership taxable year shall be determined in accordance with the rules of Regulations Section 1.704-2(i)(2).

  • Minimum Gain means “partnership minimum gain” determined pursuant to Treasury Regulation Section 1.704-2(d).