Deductions for Distributions Clause Samples
The "Deductions for Distributions" clause defines how certain amounts distributed to parties, such as shareholders or partners, are subtracted from the total funds or profits before final allocations are made. In practice, this clause specifies which distributions—like interim payments, advances, or dividends—are to be deducted and at what stage in the financial process. Its core function is to ensure that only the remaining balance, after accounting for prior distributions, is available for further allocation, thereby preventing double payments and maintaining accurate financial records.
Deductions for Distributions. There shall be deducted and withheld from every distribution of every kind under this Agreement any taxes, assessments, or other charges that may be required by any present or future law to be deducted or withheld, and expense and charges incurred pursuant to Section 4.05 hereof, to the extent that such compensation, expense, and charges incurred pursuant to Section 4.05 hereof remain unpaid or unreimbursed.
Deductions for Distributions. There shall be deducted and withheld from every distribution of every kind under this Voting Trust any taxes, assessments, or other charges that may be required by law to be deducted or withheld, as well as expenses and charges incurred pursuant to Section 5(d), to the extent that the expenses and charges remain unpaid or unreimbursed.
Deductions for Distributions. There shall be deducted and withheld from every distribution of every kind under this Agreement any taxes, assessments, or other charges that may be required by law to be deducted or withheld. Record Date for Distributions
Deductions for Distributions. There shall be deducted and withheld from every distribution of every kind under this Agreement any taxes, assessments, or other charges that may be required by law to be deducted or withheld, as well as expenses and charges incurred pursuant to Section 5(e), to the extent that the expenses and charges remain unpaid or unreimbursed.