Tax Loss definition

Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

Tax Loss shall have the meaning specified in Section 5(a) of the Tax Indemnity Agreement.

Tax Loss means, respectively, in respect of any fiscal period of the Partnership the amount of income or loss for tax purposes of the Partnership for such period determined in accordance with this Agreement and the provisions of the Income Tax Act.

Examples of Tax Loss in a sentence

• The Tax Loss Harvesting Disclosure Statement is available at xxxxx://xxx.xxxxxxxxxx.xxx/tlh-disclosure/ and the Tax- Coordinated Portfolio Disclosure Statement is available at xxxxx://xxx.xxxxxxxxxx.xxx/tcp-disclosures/.

• Seller may, in its sole discretion, elect to contest, and shall control the contest of, any proposed adjustment or equivalent action of any Tax Loss or of any loss of Depreciation Benefit.

• The Tax Loss Harvesting Disclosure Statement is available at xxxxx://xxx.xxxxxxxxxx.xxx/tlh-disclosure/ and the Tax Coordinated Portfolio Disclosure Statement is available at xxxxx://xxx.xxxxxxxxxx.xxx/tcp-disclosures/.

• Notwithstanding Section 6.3, in the event that the actions of a particular Limited Partner (including financing his or her acquisition of Units with a financing for which recourse is limited or is deemed to be limited under the Tax Act) result in a reduction in the Tax Loss of the Partnership, the amount of such reduction shall be applied firstly to reduce the share of the Tax Loss, that would otherwise be allocated to the particular Limited Partner pursuant to this Agreement.

• For the purposes of the allocation for accounting purposes of the Net Income or the Net Loss, Tax Income or Tax Loss of the Partnership, the Auditors will determine such Net Income or Net Loss, and Tax Income or Tax Loss in accordance with IFRS or the Tax Act, as the case may be.

More Definitions of Tax Loss

Tax Loss is defined in Section 4.3(c).

Tax Loss has the meaning set forth in Section 39(a)(3)(i).

Tax Loss the meaning specified in Section 6.1(iii).

Tax Loss means the tax effect of any item (including any decrease in tax basis of Assets of the Companies) which increases Taxes paid or payable.

Tax Loss means the amount a Tax Credit and other federal tax benefits assumed in the Base Case Model that the respective Financing Fund, the respective Managing Member or the respective Tax Equity Investor (or their respective affiliates) shall lose the benefit of, shall not have the right to claim, shall suffer the disallowance or reduction of, shall be required to recapture or shall not claim (as a result of a final determination in accordance with the terms of such Financing Fund LLCA).

Tax Loss means (i) any Tax and (ii) any economic damages or losses relating to Tax, including but not limited to those attributable to unavailability or deferral of any Tax loss, deduction or credit, any indemnification or make-whole payments made to any Person, and any economic adjustment under any tax equity, joint venture or other arrangement (including any delay or reduction in any allocation of profits, loss and/or tax attributes or any distribution of cash or proceeds from any Subject Project Company or a holding vehicle thereof).

Tax Loss means the increase in Tax paid or payable to the relevant Tax Authority (or, without duplication, the reduction in any Refund) attributable to a Tax Detriment.