Net Losses

Net Losses. Shall mean the Guarantor's net losses, as determined separately for each fiscal year, after taxes, upon a consolidated basis (after deducting minority interests) in accordance with GAAP consistently applied.

Net Losses. Net Losses shall be allocated among the Members as follows: First, to the Members in a manner that corresponds, in reverse chronological order, to the allocations of Net Profits previously made, without duplication, pursuant to Section 7.1(b); (ii) Second, to the Members in accordance with Equity Interests Percentages until the aggregate amount of Net Losses allocated to the Members pursuant to this Section 7.1(a)(ii) for the current and all previous Fiscal Years... equals $10,000,000; (iii) Third, to C&D until C&D's Adjusted Capital Account balance has been reduced to zero; (iv) Fourth, to the Kelso Member until the Kelso Member's Adjusted Capital Account balance has been reduced to zero; and (v) Fifth, the balance of any Net Losses to all Members in accordance with their Equity Interests Percentage; View More

Net Losses. Means, with respect to a Collection Period, the aggregate Principal Balance of Managed Assets that became charged off (without regard to the application of any dealer discount) during such period, less the aggregate amount of recoveries on Managed Assets during such Period.

Net Losses. For each taxable year of 35, 35's income, gain, loss, deductions, and credits, in the aggregate or separately stated, as appropriate, determined in accordance with standard accounting principles.