Business Loss definition

Business Loss means the below costs sustained by the Insured during the Period of Restoration, but only after the Waiting Period has expired:
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Business Loss means the accumulated losses available to M/s. Narbada Gems and Jewellery Limited to be set off against its future profits;
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Business Loss for any Fiscal Period means the income or loss, as the case may be, of the Partnership for such Fiscal Period from carrying on business for the purposes of the ITA.
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Examples of Business Loss in a sentence

  • Passive Activity Loss, Excess Business Loss and Investment Interest Limitation.

  • Except as set forth on Schedule 4.19(a)(ii), to the knowledge of Seller and ZCO, Seller and ZCO -------------------- have received no notice of any intention of, or any reason why, any customer of the Business or any such vendor would cease doing business or materially reduce its business with the Business or terminate any agreement with Seller relating to the Business except in the ordinary course of business (the "No Business Loss Warranty").

  • The "Business Loss Adjustment" is calculated with respect to the same period for which the EBIT Value is calculated.

  • The Indemnitee shall seek full recovery under all insurance policies covering any Loss or Divested Business Loss for which indemnification is provided under Section 7.2(b)(i) or Section 7.2(b)(iii), respectively, to the same extent as it would if such Loss or Divested Business Loss were not subject to indemnification hereunder but such Indemnitee may nonetheless pursue recovery hereunder prior to the resolution of any such insurance claim.

  • The LESSOR will carry adequate “special form” property insurance on the Building, Business Loss of Income insurance and General Liability insurance.

  • The "EBIT Adjustment" is 51% of the greater of the "Normal Adjustment" or the "Business Loss Adjustment." The "Normal Adjustment" is the amount by which the "EBIT Value" as defined in subparagraph (e) below is less than $20,000,000, but not less than $15,000,000.

  • Any Estimated Business Loss for which Buyer exercises the remedies afforded under Section 6.15(x) or (z) shall not be deemed a Material Adverse Effect for any purposes of this Agreement.

  • For each Fiscal Period, the Partnership shall compute its income or loss ("Non-Business Income or Loss") from each source other than Business Income or Business Loss pursuant to the ITA.

  • The "Business Loss Adjustment" is the result of the actual variable expense as a percentage of sales of Qualipart less the forecast variable expense as a percentage of sales as set out on Exhibit 2.8 multiplied by the actual sales which result is multiplied by 7 and that result plus the result of the forecast fixed cost for Qualipart set out on Exhibit 2.8 minus the actual fixed costs with that result multiplied by 7.

  • Extraordinary Item - Business Loss Insurance Recovery On September 4, 2001, the primary manufacturing facility and the administrative offices of the Company received a direct lightning strike.


More Definitions of Business Loss

Business Loss has the meaning set forth in Section 2.5(c).
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Business Loss shall also include any Loss arising out of or resulting, directly or indirectly, from the Protected Parties’, or, at the Protected Parties’ request, the Purchaser’s, reversal of, or attempt to reverse, the Network Transition or any effect of any other action carried out, or attempted to be carried out, by the Protected Parties in order to put the Protected Parties and their systems and facilities in the same condition in which such persons, systems and facilities would have been had no aspect of the Network Transition occurred (the “Reversal of Network Transition”).
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Business Loss means the loss of net profits of business due to the relocation of
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Related to Business Loss

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

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

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the greater of (i) the amount of the principal reduction ordered by such court and (ii) the difference between the Principal Balance of such Receivable at the time of such court order and the net present value (using a discount rate which is the higher of the Contract Rate of such Receivable or the rate of interest specified by such court order) of the remaining scheduled payments to be paid on such Receivable as modified or restructured. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

  • Net Investment Loss With respect to the Certificate Account, the Servicing Accounts or the REO Account or Companion Distribution Account for any period from any Distribution Date to the immediately succeeding P&I Advance Date, the amount by which the aggregate of all losses, if any, incurred during such period in connection with the investment of funds relating to the Trust Fund held in such account in accordance with Section 3.06, exceeds the aggregate of all interest and other income realized during such period on such funds.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • 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.

  • 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;

  • Portfolio Loss means the loss realized on either (i) a portfolio sale of Single Family Shared-Loss Loans in accordance with the terms of Article IV or (ii) the sale of a loan with the consent of the Receiver as provided in Section 2.7.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Waste load allocation means (i) the water quality-based annual mass load of total nitrogen or

  • Carryback means any net operating loss, net capital loss, excess tax credit, or other similar Tax item which may or must be carried from one Tax Period to another Tax Period under the Code or other applicable Tax Law.

  • Operating Loss means a negative Operating Profit.

  • 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.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • Distributed Generation means generating plant equipment collectively used for generating electricity that is connected, or proposed to be connected, to the Network or a Customer's Installation, but does not include:

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • 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.

  • Net Termination Loss means, for any taxable year, the sum, if negative, of all items of income, gain, loss or deduction recognized by the Partnership (a) after the Liquidation Date or (b) upon the sale, exchange or other disposition of all or substantially all of the assets of the Partnership Group, taken as a whole, in a single transaction or a series of related transactions (excluding any disposition to a member of the Partnership Group). The items included in the determination of Net Termination Loss shall be determined in accordance with Section 5.5(b) and shall not include any items of income, gain or loss specially allocated under Section 6.1(d).

  • Direct Loss means charges actually paid pursuant to this Agreement in respect of the period of the Delay. For the purposes of clause 13.4, the User's losses arising out of a Delay will be taken to include the amount of the relevant Direct Losses.

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,