Common use of Net Operating Losses Clause in Contracts

Net Operating Losses. As of December 31, 2012, the Company had net operating losses for federal income tax purposes in an amount no less than $118,000,000.

Net Operating Losses. As of December 3127, 20122005, the Company had at least (x) $450.9 million of net operating losses loss carryforwards for U.S. federal income tax purposes and (y) $286.8 million of net operating loss carryforwards for U.S. federal alternative minimum tax purposes, in an amount no less than $118,000,000each case (i) that are not subject to the limitations set forth in Sections 382, 383 and 384 of the Code and (ii) that will carryover into the Company’s taxable year commencing December 28, 2005.