Loss Carry Forward. At the beginning of the first accounting period, the Loss Carry Forward shall be set equal to zero. For subsequent accounting periods, the Loss Carry Forward shall be as calculated in Schedule F, Part II.
Loss Carry Forward. Pursuant to the Income Tax 1922, Surgold will be entitled to carry forward net operating losses arising from its first three (3) financial or calendar years of the execution of the Project for an indefinite period of time to be set off against future Profits. After the third (3th) financial or calendar year, Surgold shall be entitled to carry losses for a maximum period of fifteen (15) financial or calendar years to be set off against future Profits. Such losses will be settled by Surgold in a manner that the losses incurred in earlier financial or calendar years shall be settled before losses incurred in later financial or calendar years. Mineral Agreement between 00 Xxx Xxxxxxxx of Suriname and Suriname Gold Company LLC The first three (3) financial or calendar years of the Project cover the period 2004 up to and including 2006.
Loss Carry Forward. If a Launch Budget Reimbursement Payment as calculated in Section 6.2 is to be made by SONUS to ABBOTT and such Launch Budget Reimbursement Payment has not been fully paid by SONUS to ABBOTT by the earlier to occur of either: (a) achievement of Net Sales equal to or greater than fifteen million dollars ($15,000,000) in two (2) consecutive calendar quarters, or (b) [*], then the unpaid amount shall be carried forward and offset against Revenue Payments for subsequent quarters until such time as the entire Launch Budget Reimbursement Payment has been paid or credited to ABBOTT."
Loss Carry Forward. The “Loss Carry Forward” is defined as an amount equal to zero on the Effective Date; and for each subsequent Settlement Period, is the amount calculated pursuant to Schedule B. The Loss Carry Forward will accrue interest each Settlement Period beginning on the last Business Day of the most recent Settlement Period in which it results in a positive amount. Such interest shall be calculated using a rate equal to LIBOR as of the last Business Day of such Settlement Period plus 300 basis points. In the event that any Loss Carry Forward balance arises for a Settlement Period, any Earned Profit for subsequent Settlement Periods will reduce the Loss Carry Forward balance on a dollar-for-dollar basis until such balance is eliminated prior to any Earned Profits applied to reduce the Unearned Expense Allowance.
Loss Carry Forward. The “Loss Carry Forward” is initially set equal to zero (0). Each Accounting Period subsequent to the initial Accounting Period, the Loss Carry Forward will be determined as the sum of (i) the Loss Carry Forward as of the end of the previous Accounting Period plus (ii) the LCF Interest for the current Accounting Period less (iii) the LCF Adjustment for the current Accounting Period. For the avoidance of doubt, no Experience Refund shall be paid by the Reinsurer to the Ceding Company until the Loss Carry Forward has been reduced to zero (0).
Loss Carry Forward. The Company will not lose their right to carry forward losses solely as a result of entering into this Agreement or the execution thereof.
Loss Carry Forward. Section 6.3 shall be deleted in its entirety and replaced with the following:
Loss Carry Forward. The Parties acknowledge and agree that any outstanding Loss Carry-Forward and Nektar Excess Development Cost as of the effective date of the termination of this Agreement are not liabilities or obligations that have accrued on behalf of Nektar and are only reimbursed to BMS as set forth in Sections 6.4 and 9.4, as applicable, and Nektar shall have no obligation to reimburse or repay BMS for any unrecouped Loss Carry-Forward or Nektar Excess Development Cost outstanding on the effective date of the termination of this Agreement after the final reconciliation of Net Profit under Section 9.5.
