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Common use of Net Operating Loss Clause in Contracts

Net Operating Loss. Borrower's Net Operating Loss for the twelve (12) month period ended December 31, 1996 shall not be greater than One Million Five Hundred Two Thousand Dollars ($1,502,000.00).

Appears in 3 contracts

Sources: Loan and Security Agreement (Consolidated Stainless Inc), Loan Agreement (Consolidated Stainless Inc), Loan and Security Agreement (Consolidated Stainless Inc)

Related Clauses

  • Net Operating Income
  • Variances From Operating Budget
  • Exclusions from Operating Expenses
  • Limit on Operating Expenses
  • Operating Expense Limit

Parent Clauses

  • Allocations
  • Allocation of Net Operating Income and Net Operating Loss
  • Counterparts
  • Financial Covenants
  • Negative Covenants of Borrowers

Sub-Clauses

  • Definitions
  • Net Property Gain
  • Net Property Loss
  • Grounds for Termination
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