Common use of Net Operating Loss Carryovers Clause in Contracts

Net Operating Loss Carryovers. Section 3.11(p) of the Company Disclosure Schedule sets forth, as of March 31, 2013, the amount of each Acquired Corporation’s federal, state and local net operating losses, on a consolidated basis. None of such losses is subject to limitation under Section 382 of the Code or otherwise.

Appears in 1 contract

Sources: Merger Agreement ('Mktg, Inc.')

Net Operating Loss Carryovers. Section Part 3.11(p) of the Company Disclosure Schedule sets forth, as of March 31January 1, 20132010, the amount of each Acquired Corporation’s federal, state and local net operating losses, on a consolidated basis. None of such losses is subject to limitation under Section 382 of the Code or otherwise.

Appears in 1 contract

Sources: Merger Agreement (Henry Bros. Electronics, Inc.)