Applicable Deductions definition

Applicable Deductions means all amounts that would be necessary, as determined in the reasonable discretion of the applicable Member, to (i) satisfy all loans, liens and encumbrances affecting the Company and the Company Assets, (ii) pay any costs and expenses associated with any sale or disposition of the Company Assets, including, without limitation, transactional and closing costs such as brokers’ fees, escrow fees and similar expenses.
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Applicable Deductions means (x) during the period from the Closing Date through the end of the second month after the month the Closing occurs, reimbursement to CEMI for all fees and deductions charged to or paid by CEMI in connection therewith (the “Initial Period”); and (y) commencing on the first day of the month following the end of the Initial Period, an amount equal to one and one-half percent (1 1⁄2 %) of the sales price of such Hydrocarbons plus all midstream fees and deductions charged to or paid by CEMI in connection therewith.
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Applicable Deductions shall include, but shall not be limited to, all federal, state or local taxes required to be withheld from amounts paid to Executive pursuant to this Agreement or otherwise due from the Company, including any withholding taxes with respect to the benefits provided or to be provided hereunder, including any benefits pursuant to Section 2(d) and the accommodations furnished under Sections 10(d) and 10(e), and any other amounts that the Company may be legally required to deduct or that Executive has voluntarily elected to have deducted from his earnings.
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Examples of Applicable Deductions in a sentence

  • In the event of a Portfolio Sale, the Sale Notice shall also include a calculation of the amount that would be distributed to the Initiating Member under this Agreement in the event that the Portfolio Sale was consummated for the Sale Price, taking into account all Applicable Deductions (the “Allocated ROFO Price”).

  • You will be eligible to receive an annual discretionary bonus up to 50% of your Base Salary, less all Applicable Deductions.

  • Upon redemption, the Eligible Director shall receive a lump sum payment in cash equal to the number of Deferred Share Units recorded in the Eligible Director’s DSU Account on the date of redemption multiplied by the Market Value of a Share as at the date of redemption less any Applicable Deductions.

  • The Acquired Assets constitute all of the material assets used by the Seller in the conduct of the Business, except for the Excluded Assets.

  • Effective as of the Effective Date, you will be eligible to receive a one-time discretionary payment in the gross amount of US$100,000 (the “Sign-On Bonus”) subject to any Applicable Deductions.

  • The salary and expenses of the Owner’s Representative shall be paid by the Owner and shall form part of Applicable Deductions but not part of Operator’s Costs.

  • In the event of a Portfolio Sale, the Sale Notice shall also include a calculation of the amount that would be distributed to 45 the Cindat Member under this Agreement in the event that the Portfolio Sale was consummated at the Sale Price, taking into account all Applicable Deductions (the “Allocated ROFO Price”).

  • The electric power bills shall be paid by the Owner, and shall form part of Applicable Deductions but not part of Operator’s Costs; provided, however, that electricity may be added by Owner, at its discretion, into Operator’s Applicable Costs within the first six months of the Term of this Agreement as set out in paragraph 5.2(a)(i) above.

  • The Issuer, or the Manager on its behalf, shall direct that all payments with respect to the Wellbore Interests (net of Applicable Deductions) and all payments received by the Issuer under the Hedge Agreements be transferred to the Collection Account in accordance with the terms of the Joint Operating Agreement and the Management Services Agreement.


More Definitions of Applicable Deductions

Applicable Deductions means any adjustments or modifications to the Royalty Interest made pursuant to Section 5.3.2 of the License Agreement.
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Applicable Deductions means the taxes and fees applicable to a Deposit.
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Applicable Deductions means all Operating Expenses and Third Party Operating Expenses (including Burdens and Asset Taxes allocated to the Issuer pursuant to Section 2.07 of each of the Asset Purchase Agreements) attributable or allocable to the Wellbore Interests or the ownership or operation thereof. Applicable Deductions exclude any Administrative Expenses.
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Related to Applicable Deductions

  • Allowable Deductions means the following costs, charges, and expenses incurred or accrued by Payor:

  • Agreed Deductions means any deductions the Agency Worker has agreed can be made from their pay;

  • Transaction Deductions means the sum of all items of loss or deduction for U.S. federal income tax purposes resulting from or attributable to (a) the payment of legal, financial advisory, accounting and other fees and expenses of the Group Companies (but not of Buyer) in connection with the transactions contemplated hereby, including the Seller Transaction Expenses and (b) any other payment contemplated by this Agreement that is in the nature of compensation for U.S. federal income tax purposes.

  • Permitted Deductions means the following deductions to the extent included in the gross invoiced sales price of the Product, or otherwise directly paid or incurred by the Selling Entity with respect to the sale:

  • Nonrecourse Deductions has the meaning set forth in Section 1.704-2(b)(1) of the Regulations.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Nonrecourse Deduction shall have the meaning given such term in Regulations Section 1.704-2(b)(1).

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Partner Nonrecourse Deductions has the meaning set forth in Regulations Section 1.704-2(i)(2), and the amount of Partner Nonrecourse Deductions with respect to a Partner Nonrecourse Debt for a Partnership taxable year shall be determined in accordance with the rules of Regulations Section 1.704-2(i)(2).

  • Applicable Period See Section 2(b) hereof.

  • Maximum Program Amount means Common Shares with an aggregate Sales Price of the lesser of (a) the number or dollar amount of Common Shares registered under the effective Registration Statement (defined below) pursuant to which the offering is being made, (b) the number of authorized but unissued Common Shares (less Common Shares issuable upon exercise, conversion or exchange of any outstanding securities of the Company or otherwise reserved from the Company’s authorized capital stock), (c) the number or dollar amount of Common Shares permitted to be sold under Form S-3 (including General Instruction I.B.6 thereof, if applicable), or (d) the number or dollar amount of Common Shares for which the Company has filed a Prospectus (defined below).

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Member Nonrecourse Deductions has the meaning of “partner nonrecourse deductions” set forth in Treasury Regulations Sections 1.704-2(i)(1) and 1.704-2(i)(2).

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”

  • Hurdle Amount for any period during a calendar year means that amount that results in a 5% annualized internal rate of return on the Net Asset Value of the Partnership Units outstanding at the beginning of the then-current calendar year and all Partnership Units issued since the beginning of the then-current calendar year, taking into account the timing and amount of all distributions accrued or paid (without duplication) on all such Partnership Units and all issuances of Partnership Units over the period and calculated in accordance with recognized industry practices. The ending Net Asset Value of the Partnership Units used in calculating the internal rate of return will be calculated before giving effect to any allocation or accrual to the Performance Participation Interest and any applicable stockholder servicing fee expenses, provided that the calculation of the Hurdle Amount for any period will exclude any Partnership Units repurchased during such period, which Partnership Units will be subject to the Performance Participation Interest upon such repurchase as described in Section 5.2(c).

  • Applicable Wages means the basic straight time wages for all hours worked, including:

  • Maximum Swingline Amount means $5,000,000.

  • Adjusted Maximum Amount means, with respect to a ----------------------- Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such Guarantor under this Guaranty, determined as of such date in accordance with this Section 13.01; provided that, solely for purposes of -------- calculating the "Adjusted Maximum Amount" with respect to any Guarantor for purposes of this Section 13.01(b), any assets or liabilities of such Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Guarantor. "Aggregate Payments" ------------------ means, with respect to a Guarantor as of any date of determination, an amount equal to (i) the aggregate amount of all payments and distributions made on or before such date by such Guarantor in respect of this Guaranty (including, without limitation, in respect of this Section 13.01(b)) minus (ii) the ----- aggregate amount of all payments received on or before such date by such Guarantor from the other Guarantors as contributions under this Section 13.01(b). The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Guarantors of their obligations as set forth in this Section 13.01(b) shall not be construed in any way to limit the liability of any Guarantor hereunder.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Applicable ABR Margin means, at any date:

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Tariff period means the period for which tariff is to be determined by the Commission on the basis of norms specified under these Regulations;

  • Applicable Date shall have the meaning assigned to such term in Section 9.08(f).