SRLY Net Operating Loss definition
SRLY Net Operating Loss means a net operating loss incurred by a member or its predecessor in a SRLY.
Examples of SRLY Net Operating Loss in a sentence
To the extent any such party (including Sequentis Financial LLC) has unexpired SRLY Net Operating Loss (taking into account any applicable limitations to utilization of such SRLY Net Operating Loss i.e. Sec 382 limitation), such loss shall be taken into account, to the extent of the taxable income generated in such year, for the calculation of a Subsidiary’s Method Two Share of Federal Income Taxes for such taxable year (subject to -21(c)(1) regulations).