Examples of Company Deductible in a sentence
Preamble Company Deductible.......................................
In addition, the parties agree and acknowledge, for the purposes of this Section 5.02(b) with regard to the determination of whether the deductible has been satisfied, only the deductible set forth in the applicable Fund Contribution Agreement shall apply when making such determination and not the Company Deductible set forth herein.
To the extent that the Transaction Expenses are entitled to be deducted by the Company under applicable Tax laws (the “Company Deductible Transaction Expenses”), then the Initial Closing Shares Purchase Price shall be increased pursuant to Section 1.4(a)(iii) by an amount per share equal to the quotient of (a) twenty percent (20%) of the Company Deductible Transaction Expenses, up to a maximum of Seven Million Dollars ($7,000,000) in the aggregate, divided by (b) 68,785.69.
The amount of temporary differences for which no deferred tax assets have been recognised in the balance sheet are as follows:2004Group Company Deductible temporary differencesProvisionUnused tax losses Unabsorbed capital allowances The deductible temporary differences, unused tax losses and unabsorbed capital allowances are available to offset against future taxable profits of the subsidiary companies and the Company in which those items arose.
The Company Deductible shall not apply to Losses that may be recovered under Section 8.2(a)(i)(B) or Section 8.2(a)(i)(C).
If the Adjusted Merger Consideration as so adjusted is lower than the Adjusted Merger Consideration as calculated based on the amounts of the Closing Indebtedness and the Excess Indebtedness stated on the Closing Indebtedness Certificate (such difference, if any, the “Excess Indebtedness Adjustment”), then the amount of such Excess Indebtedness Adjustment, if any, shall be paid to the Parent by a claim against the Escrow Fund without regard to the Company Deductible (an “Excess Indebtedness Claim”).
The following temporary differences have not been recognised: The Group and Company Deductible temporary differences2007 hK$’000 1,0762006 hK$’000 1,070Tax losses26,72025,227 27,79626,297 Deferred tax assets have not been recognised in respect of these items because it is not probable that future taxable profits will be available against which the Group and the Company can utilise the benefits.