Debits. Each Member's Capital Account shall be decreased by (1) the amount of cash and the Asset Value of any property distributed to the Member, (2) the Member's allocable share of Losses pursuant to Article V, below, and (3) the amount of any debt of the Member that is assumed by the Company or secured by any property contributed by the Member to the Company.
Debits. To each Member’s Capital Account there shall be debited
(1) the amount of cash and the value of any property distributed to the Member, (2) the Member’s allocable share of losses pursuant to Article 4.3 below and any items in the nature of deductions or losses specially allocated pursuant to Sections 4.4 and 4.5 below, and (3) the amount of any debt of the Member that is assumed by the Company or secured by any property contributed by the Member to the Company
Debits. Each Partnership Unit Holder’s Capital Account shall be debited with (reduced by) the amount of cash and the Fair Market Value of any property distributed to such Partnership Unit Holder (except to the extent a distribution is treated as a “guaranteed payment” under Section 707(c) of the Code), any expenses or losses allocated to such Partnership Unit Holder pursuant to Section 7.1, and the amount of any liabilities or indebtedness of such Partnership Unit Holder that is assumed by the Partnership or that is secured by any property contributed by such Partnership Unit Holder to the Partnership.
Debits. Employees may carry forward up to ten (10) debit hours in an accounting period. Debit hours in excess of ten (10) will be reported to the Senior Department Head/Manager, and if not cleared within the succeeding accounting period, will be automatically deducted from the employee’s pay cheque, at the regular rate of pay, on the next appropriate payroll date. All debit hours must be cleared annually by November 30th or the hours will be deducted from the employee’s pay cheque, at the regular rate of pay. Debit hours are not interchangeable with leaves of approved absences.
Debits. Neither party shall initiate a transaction in connection with ------ a Payment Obligation for the purpose of debiting a bank account of the other party.
Debits. There are several types of debit transactions. Common debit transactions are generally described below. There are many ways transactions are presented for payment by merchants, and we are not in control of when transactions are received. We receive multiple data files every day from the Federal Reserve with ACH transactions Monday through Friday. If the day is a recognized federal holiday by the Federal Reserve, we may not receive or process a file that day. For ACH transactions that we receive at the same time, for example, all in the same data file, ACH credit transactions are posted first and ACH debit transactions are posted second in the order received by us. Bank posts ACH transactions throughout the day Monday through Friday, excluding federal holidays. PIN- Based Card purchase transactions are purchase transactions using your Card for which a merchant may require you to enter your personal identification number (PIN) at the time of sale. They are processed through a PIN debit network. These transactions are similar to ATM withdrawal transactions because the money is usually deducted from your available balance immediately at the time of the transaction. However, depending on the merchant, a PIN-based transaction may not be immediately presented for payment. Signature-Based Card purchase transactions are purchase transactions using your Card that are processed through a signature-based network. Rather than entering a PIN, you typically sign for the purchase; however, merchants may not require your signature for certain transactions. Such signature-based transactions are not immediately presented for payment. Instant Push to Card transactions are deducted from your available balance immediately at the time of the transaction.
Debits. There are several types of debit transactions. Common debit transactions include checks, ACH payments, PIN-Based Debit Card Purchases, and Signature-Based Debit Card Purchases. Keep in mind that there are many ways transactions are presented for payment by merchants, and we are not necessarily in control of when transactions are received.
Debits. To each Partner’s Capital Account there shall be debited the amount of cash and the Gross Asset Value of any property of the Partnership distributed to such Partner pursuant to any provision of this Agreement, such Partner’s allocated share of Net Losses, any items in the nature of expenses or losses which are specially allocated pursuant to this Agreement and which would not otherwise be included in the computation of Net Profits and Net Losses, and the amount of any liabilities of such Partner assumed by the Partnership or which are secured by any property contributed by such Partner to the Partnership (but only to the extent such liabilities are to be debited pursuant to the Treasury Regulations).
Debits. Except as otherwise provided herein, the Net Profits Account shall be debited with the following:
(a) All direct costs including capital costs which are attributable to the Subject Interests (i) for all direct labor and other services necessary for developing, reworking, recompleting, deepening, operating, producing, and maintaining the Subject Interests after the Effective Date and (ii) for all material, supplies, equipment and other personal property and fixtures purchased for use on, or in connection with, any of the Subject Interests after the Effective Date;
(b) All taxes (except income, transfer, inheritance, estate, franchise and like taxes) incurred by Assignor with respect to the ownership of the Subject Interests after the Effective Date, including without limitation production, severance, and/or excise and other taxes assessed against, and/or measured by, the production of (or the proceeds or value of production of) Subject Hydrocarbons, occupation taxes, sales and use taxes, and ad valorem taxes assessed against or attributable to the Subject Interests or any non-Processing equipment located on any of the Subject Interests;
(c) All insurance premiums attributable to the Subject Interests paid by Assignor for insurance actually carried for periods after the Effective Date with respect to the Subject Interests, or any non-Processing equipment located on any of the Subject Interests, or incident to the operation or maintenance of the Subject Interests after the Effective Date; it being recognized that where the coverage is general in nature, or relates to a group of properties (or more than one interest in the same property), only that portion which is reasonably allocated to the Subject Interests shall be debited hereunder;
(d) All amounts properly attributable to the Subject Interests (to the extent attributable to periods after the Effective Date) and consisting of (i) rent and other consideration paid for the use or damage to the surface and (ii) rentals, shut-in gas well royalties, overriding royalties, minimum royalties and similar payments payable pursuant to the provisions of agreements in force and effect before the Effective Date;
(e) Amounts attributable to the Subject Interests (and attributable to periods after the Effective Date) as overhead charges specified in applicable operating agreements now or hereafter covering the Subject Interests;
(f) Any manufacturing costs or costs of acquiring, constructing, operating or maintaining any...
Debits. Client shall be liable for debits properly initiated by ADP hereunder. Client unconditionally promises to pay to ADP the amount of any unfunded payroll file (including any debit returned to ADP because of insufficient or uncollected funds or for any other reason), plus any associated bank fees or penalties, upon demand and interest on the unfunded payroll amount at the rate of 1.5% per month (or the maximum allowed by law, if less). Also, if any debit to an employee’s or other payee’s account reversing or correcting a previously submitted credit(s) is returned for any reason, Client unconditionally promises to cooperate with ADP and pay the amount of such debit upon demand and interest thereon. Client agrees to cooperate with ADP and any other parties involved in processing any transactions hereunder to recover funds credited to any employee as a result of an error made by ADP or another party processing a transaction on behalf of ADP.
