Deduction from payments Sample Clauses

Deduction from payments. The Debtor must not make any payment subject to any condition, restriction or claim it may have against the Secured Parties. The Debtor may make a withholding or deduction (including by way of set-off or counterclaim) from money it pays to a Secured Party under this deed only if that withholding or deduction is required by law. If the law requires the Debtor to make a withholding or deduction then the following rules apply: – the Debtor must make sure that the withholding or deduction is for not more than the minimum amount required by that law; – the Debtor must make sure that the withholding or deduction is paid to the relevant Governmental Agency by the due date for payment; – the Debtor must send the relevant Secured Party, within 30 days of the withholding or deduction, a receipt showing that the withholding or deduction has been paid to the relevant Governmental Agency; and – the Debtor must increase the amount it pays to the relevant Secured Party so that the Secured Party receives the amount it would have received had there been no withholding or deduction. If a Secured Party receives a Tax credit, refund or allowance in respect of an increased amount the Debtor paid under this clause 2.7, the relevant Secured Party will provide the Debtor with that part of the Tax credit, refund or allowance that leaves the Secured Party in no better or worse position than it would have been had no amount been required to be withheld or deducted. However, the Secured Parties are under no obligation to disclose any information relating to the calculation of their Tax position, liability or benefits. Also, this clause does not interfere with the Secured Parties’ rights to arrange their Tax affairs as they wish. In particular, the Secured Parties may apply Tax credits, refunds and allowances available to them as they like.
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Deduction from payments. Payment of any entitlements under this rule 7 shall be made after deduction of tax or any charge specified under the Act and, where appropriate, income tax.
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Deduction from payments. The Buyer will be entitled to set-off any amount owing by any of the Seller and Guarantor to the Buyer pursuant to this clause 12 or any other part of this agreement from any payment owing to the Seller and Guarantor whether under this agreement or otherwise.
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Deduction from payments. So far as the Principal Vendor is aware, each Target Company has complied in all material respects with all statutory provisions relating to Taxation which require the deduction of Taxation from any payment made by it, and has properly accounted for any such Taxation which ought to have been accounted for.
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Deduction from payments. (a) So far as the Vendor is aware, each Group Company has complied in all material respects with all statutory provisions relating to Taxation which require the deduction of Taxation from any payment made by it, and has properly accounted for any such Taxation which ought to have been accounted for.
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Deduction from payments. Payment of any entitlements under this rule 10 shall be made after deduction of tax or any charge set out in rule 22 of the rules and as specified under the Act, and, as appropriate, income tax.
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Deduction from payments 
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Related to Deduction from payments

  • Income Payments Seller shall be entitled to receive an amount equal to all Income paid or distributed on or in respect of the Securities that is not otherwise received by Seller, to the full extent it would be so entitled if the Securities had not been sold to Buyer. Buyer shall, as the parties may agree with respect to any Transaction (or, in the absence of any such agreement, as Buyer shall reasonably determine in its discretion), on the date such Income is paid or distributed either (i) transfer to or credit to the account of Seller such Income with respect to any Purchased Securities subject to such Transaction or (ii) with respect to Income paid in cash, apply the Income payment or payments to reduce the amount, if any, to be transferred to Buyer by Seller upon termination of such Transaction. Buyer shall not be obligated to take any action pursuant to the preceding sentence (A) to the extent that such action would result in the creation of a Margin Deficit, unless prior thereto or simultaneously therewith Seller transfers to Buyer cash or Additional Purchased Securities sufficient to eliminate such Margin Deficit, or (B) if an Event of Default with respect to Seller has occurred and is then continuing at the time such Income is paid or distributed.

  • Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:

  • Upfront Payments Within ten (10) days of the Effective Date, Celgene shall pay Acceleron Twenty-Five Million U.S. Dollars ($25,000,000) as an upfront, non-creditable, nonrefundable fee, relating to the license grants set forth in Article 4.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • Deferred Payments “Deferred Payments” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Separation Payments Following Executive’s separation from service with Company on or after his Vesting Date (as defined in Section 7), Company shall pay to Executive the sum of THIRTY-FOUR THOUSAND TWO HUNDRED SEVEN and 04/100 Dollars ($34,207.04) per month, beginning six months and one week after Executive’s date of separation for a period of ten (10) years, or until Executive’s death, whichever first occurs (the “Separation Payments”). Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if any, under the applicable tax law. If Executive should die during the ten-year period during which payments are being made under this Paragraph 3, then those payments shall terminate and future payments, if any, shall be made to Executive’s designated beneficiary(ies) or Executive’s estate in accordance with the provisions of Paragraph 4 of this Agreement.

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • Deferred Payment “Deferred Payment” means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

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