US Losses definition

US Losses means US Profit/Loss that is negative for a given period such as a Calendar Quarter (i.e., where Net Sales for the applicable period are less than the Allowable Expenses for the applicable period).
Sample 1

Examples of US Losses in a sentence

  • To the extent consistent with the manner in which US Profits and US Losses are intended to be shared among Shareholders, any Special Allocations shall be taken into account in determining subsequent allocations of US Profits and US Loss, so that the cumulative amount of US Profit and US Loss allocated among the Shareholders shall equal those amounts that would have been allocated in the absence of any Special Allocations.

  • If during any taxable year of the Fund there is a change in any Shareholder’s interest in the Fund, allocations of US Profits and US Losses for such taxable year will take into account the varying interests of the Shareholders in the Fund in any manner determined by the Directors consistent with the requirements of Code Section 706.

  • In the event that either Party has borne Excess Development Costs pursuant to Section 6.1.4, or Array has borne Excess US Losses pursuant to Section 10.2.3, the Party that initially bore the Excess Development Costs or Excess US Losses that otherwise would have been borne by the other Party shall be entitled to recoup [*] of all Advanced Amounts resulting therefrom through adjustments to royalty payments and adjustments to payments for US Profits as set forth below in this Section 10.7.

  • It shall be seen that normal service are not interrupted or damage caused to property.

  • Notwithstanding any other provision of this definition, any items which are specially allocated pursuant to sections 9.01(b)(ii), (iii), (iv), (v) and (vi) or section 9.01(e) of the U.S. Partnership Agreement shall not be taken into account in computing U.S. Profits or U.S. Losses.

  • Even should the probability of hazardous events be accurately known, short-term thinking can result in their being ignored, as in the case of development along well-known fault lines in Tokyo, Japan, British Columbia, Canada and California, U.S. Losses resulting from these sorts of hazards have been noted by Munich Re. (1997), who found that “the extent of loss has not infrequently been increased through a false assessment of the risk circumstances or in the pursuit of profit”.

  • According to Acument, this document was drafted during the “mistake” period when Acument believed U.S. Losses were deductible to it.

  • When bacteriological sample results will not be known, within 24 hours of the repair, and/or samples cannot be delivered to a certified laboratory, ensure the flushing and disinfection procedures above have been followed.

  • US Losses amd ALAE³sVarioux procexxex in caxualty inxurance involve correlated pairx of variablex.

  • New FEMA Study Estimates U.S. Losses From Earthquakes At$4.4 Billion Per Year.

Related to US Losses

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Relevant Losses means, in relation to:

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Buyer Indemnitees has the meaning set forth in Section 8.02.

  • Losses shall have the meaning set forth in Section 5(a).

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Funding Losses has the meaning set forth in Section 2.13(b)(ii).

  • Seller Indemnitees has the meaning set forth in Section 8.03.

  • Extraordinary Losses Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event.

  • Purchaser Indemnitees has the meaning set forth in Section 7.2.

  • Indemnifiable Losses means any and all Losses relating to, arising out of or resulting from any Indemnifiable Claim.

  • 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:

  • Cumulative Realized Losses As of any date of determination, the aggregate amount of Realized Losses with respect to the Mortgage Loans.

  • 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.

  • 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.

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.