ALLOWABLE AND DEDUCTIBILITY Clause Samples
ALLOWABLE AND DEDUCTIBILITY. The costs and expenses set forth herein shall be for the purpose of determining allowable or non-allowable costs and expenses only and shall have no bearing on Contractor’s eligibility or otherwise for deductions in computing Contractor’s net income from Petroleum Operations for income tax purposes under Article 10 of the Agreement.
ALLOWABLE AND DEDUCTIBILITY. The costs and expenses set forth herein shall be for the purpose of determining allowable or non-allowable costs and expenses only and shall have no bearing on Licensee’s eligibility or otherwise for deductions in computing Licensee’s net income from Petroleum Operations for income tax purposes under the Licence.