Loss Carryforward definition

Loss Carryforward means an amount that shall equal zero as of the effective date of this Agreement and shall cumulatively increase by the absolute value of any negative Annual Total Return Amount and decrease by any positive Annual Total Return Amount, provided that the Loss Carryforward shall at no time be less than zero. The effect of the Loss Carryforward is that the recoupment of past Annual Total Return Amount losses will offset the positive Annual Total Return Amount for purposes of the calculation of the Performance Allocation.

Loss Carryforward means an amount that equaled zero as of July 1, 2017 and shall cumulatively increase by the absolute value of any negative Annual Total Return Amount and decrease by any positive Annual Total Return Amount, provided that the Loss Carryforward shall at no time be less than zero. The effect of the Loss Carryforward is that the recoupment of past Annual Total Return Amount losses will offset the positive Annual Total Return Amount for purposes of the calculation of the Performance Allocation.

Loss Carryforward means, as of the end of any fiscal quarter, the excess, if any, of (i) the Loss Carryforward as of the end of the immediately preceding fiscal quarter over (ii) the Company’s Net Income for such fiscal quarter (expressed as a positive number) or Net Loss for such fiscal quarter (expressed as a negative number), as the case may be, provided that the foregoing calculation of Loss Carryforward shall be adjusted to exclude one-time events pursuant to changes in GAAP, as well as non-cash charges after discussion between the Manager and the Independent Directors and approval by a majority of the Independent Directors in the case of non-cash charges.

Examples of Loss Carryforward in a sentence

• The Investment Manager, in its sole discretion, may agree to apply a different Loss Carryforward with respect to one or more Members for any period of time.

• However, in the event that a Member withdraws funds at a time in which such Member has a Loss Carryforward, the amount of such Loss Carryforward at such withdrawal date applicable to such Member shall be reduced by a percentage equal to one hundred percent (100%) multiplied by a fraction, the numerator of which is the amount to be withdrawn from the Member’s Capital Account, and the denominator of which is the amount in such Capital Account immediately prior to the withdrawal.

• In the event that the rate of return on any Member’s Capital Account does not exceed the Hurdle Rate in any Fiscal Year (or other applicable period), such deficit shall not be carried forward to future fiscal years (or other applicable periods) as part of the Loss Carryforward (as defined in Section 6.02(e)).

• No COHESION INDIA BEST IDEAS FUND (DELAWARE) LLC 12 Performance Fee shall be paid in respect of such Capital Account until the Loss Carryforward has been fully recovered as described above, and in the Fiscal Year (or other period) of such recovery, the Performance Fee shall be calculated based on the excess net increase in Net Asset Value of such Capital Account (i.e., after being applied to reduce the Loss Carryforward to zero).

More Definitions of Loss Carryforward

Loss Carryforward has the meaning set out in Section 5.6(b) of this Agreement.

Loss Carryforward means, as of the end of any fiscal quarter, the excess, if any, of (i) the Loss Carryforward as of the end of the immediately preceding fiscal quarter over (ii) the Company’s Net Income for such fiscal quarter (expressed as a positive number) or Net Loss for such fiscal quarter (expressed as a negative number), as the case may be, provided that

Loss Carryforward means, as of the end of any fiscal quarter, the excess, if any, of (i) the Loss Carryforward of the Operating Partnership as of the end of the immediately preceding fiscal quarter over (ii) Net Income for such fiscal quarter; provided, however, that the Loss Carryforward as of December 31, 2012 shall be calculated in the manner prescribed in the Previous Management Agreement; and provided further, that the foregoing calculation of Loss Carryforward shall be adjusted to exclude one-time events pursuant to changes in GAAP, as well as non-cash charges after discussion between the Manager and the Independent Directors and approval by a majority of the Independent Directors in the case of non-cash charges.

Loss Carryforward. Shall have the meaning set forth in Section 8.5(b). Net Assets The total value of all assets of the Fund, less an amount equal to all accrued debts, liabilities and obligations of the Fund, calculated before giving effect to any repurchases of Interests Net Profit or Net Loss The amount by which the Net Assets as of the close of business on the last day of a Fiscal Period exceed (in the case of Net Profit) or are less than (in the case of Net Loss) the Net Assets as of the commencement of the same Fiscal Period (or, with respect to the initial Fiscal Period of the Fund, as of the close of business on the Closing Date).

Loss Carryforward means, as of the end of any fiscal quarter, the excess, if any, of (i) the Loss Carryforward of the Operating Partnership as of the end of the immediately preceding fiscal quarter over (ii) Net Income for such fiscal quarter; provided, that the foregoing calculation of Loss Carryforward shall be adjusted to exclude one-time events pursuant to changes in GAAP, as well as non-cash charges after discussion between the Manager and the Independent Directors and approval by a majority of the Independent Directors in the case of non-cash charges.

Loss Carryforward shall be as defined in SECTION 5.5.

Loss Carryforward shall have the meaning specified in Section 5.3(a)(iii) hereof.