Deductible Expenses for any fiscal year (or portion thereof) shall mean all items, as calculated for book purposes, which are allowable as deductions to the Partnership for such period under Federal income tax accounting principles (including Book Depreciation but excluding any expense or deduction attributable to a Capital Transaction).
Deductible Expenses means the following items of expense incurred in connection with sales of Licensed Products to the extent paid or allowed by Licensee or a Related Company and included in accordance with recognized principles of accounting in the gross sales price billed: (a) sales, use or turnover taxes; (b) excise taxes, custom duties or consular fees; (c) transportation, freight, and handling charges, and insurance on shipments to customers; (d) trade, cash or quantity discounts or rebates to the extent actually granted; (e) agent fees or commissions; (f) rebates, refunds, and credits for any rejected or returned Licensed Products or because of retroactive price reductions, rebates or chargebacks; and (g) uncollected accounts receivable attributable to sales of Licensed Products.
Deductible Expenses means the following expenses incurred in connection with sales or licensing of Licensed Products to the extent actually paid by Licensee, Affiliates or Sublicensees in accordance with generally recognized principles of accounting: (a) sales, use or turnover taxes; (b) excise, value added, or other taxes, or custom, import or brokerage duties or charges; (c) transportation, freight, and handling charges, and insurance on shipments to customers; (d) trade, cash or quantity discounts, chargebacks, allowances or rebates to the extent actually granted; (e) agent fees or commissions; and (f) rebates, refunds, and credits for any rejected or returned Licensed Products or because of retroactive price reductions or rebates.
Examples of Deductible Expenses in a sentence
Deductible Expenses: The portion of Expenses Incurred that must be paid by a Covered Person or Covered Dependent before any benefits are computed and payable under the Plan.
Bringing Forward Deductible Expenses or Losses Prepayment of Expenses - In some circumstances, Small Business Entities (SBE) and individuals who derive passive type income (such as rental income and dividends) should consider pre-paying expenses prior to 30 June, 2021.
Generally, the differences among the medical options concern the coverage provided, Deductible Expenses, Copayment requirements, and the Out-of-Pocket maximum limit as set forth in the Summary of Benefits section of this Plan.
Coinsurance Limit: A percentage of Expenses Incurred that must be paid by a Covered Person or Covered Dependent after payment of Deductible Expenses, as determined in accordance with the Summary of Benefits and may be subject to the maximum Out-Of-Pocket limitation specified therein.Coordination of Benefits: A Plan provision, the purpose of which is to protect the Plan from the overpayment of medical (including prescription drug) claims.
The Deductible Expenses incurred under this Section of the Plan shall not be applied to satisfy the Deductible Expense requirement under any other Section of the Plan.
More Definitions of Deductible Expenses
Deductible Expenses means (i) all trade, cash and quantity credits, discounts, refunds or government rebates; (ii) amounts for claims, allowances or credits for returns, retroactive price reductions, or chargebacks; (iii) packaging, handling fees and prepaid freight, sales taxes, duties and other governmental charges (including value added tax); and (iv) provisions for uncollectible accounts determined in accordance with reasonable accounting practices, consistently applied to all products of the selling party. For the removal of doubt, Net Sales shall not include sales by Licensee to its Affiliates for resale, provided that if Licensee sells a Licensed Product to an Affiliate for resale, Net Sales shall include the amounts invoiced by such Affiliate to third parties on the resale of such Licensed Product. In the event that Licensee grants a sublicense hereunder, and receives payments based upon the Sublicensee’s sales of Licensed Products, Licensee may upon notice to Caltech modify this definition of “Net Sales” for purposes of calculating royalties payable to Caltech on such Sublicensee’s sales to be the same as the definition of “Net Sales” on which such royalties to Licensee are calculated.
Deductible Expenses means the following items of expense actually incurred in connection with Sales of Licensed Products (as hereinafter defined) to the extent paid or allowed by Sub-licensees and included in accordance with recognized principles of accounting (consistently applied) in the gross sales price billed: (a) sales, use or turnover taxes, (b) excise value added or other taxes, custom duties or consular fees; (c) transportation, freight, and handling charges, and insurance on shipments to customers; (d) trade, cash Or quantity discounts or rebates to the extent actually panted, (e) agent fees or commissions; and if) refunds and credits for any rejected or returned Licensed Products or because of retroactive price reductions, rebates or charges
Deductible Expenses of the Partnership for any Fiscal Year (or portion thereof) shall mean all items, as calculated for book purposes, which are allowable as deductions to the Partnership during such period under federal income tax accounting principles (including Book Depreciation).
Deductible Expenses means all costs incurred in connection with sales of Licensed Products to the extent paid or allowed by CMS and included in accordance with recognized principles of accounting in the gross sales price billed: (i) sales, use or turnover taxes; (ii) excise taxes, custom duties or consular fees; (iii) transportation, freight, and handling charges, and insurance on shipments to customers; (iv) trade or quantity discounts to the extent actually granted; (v) agent fees or commissions and (vi) rebates, refunds, and credits for any returned Licensed Products.
Deductible Expenses means United States federal, state and local deductions available to the Corporate Taxpayer attributable to (i) payment of a fee to terminate the Advisory Agreement, (ii) deductions for unamortized expenses related to debt that is repaid with proceeds of the IPO, and (iii) deductions for premiums and breakage expenses on debt that is repaid with proceeds of the IPO.
Deductible Expenses means [***].
Deductible Expenses with respect to any Fiscal Period shall mean, ------------------- when used with respect to any Pod, an amount equal to (i) any income tax Medical Group is required to pay or withhold with respect to Medical Group Physicians assigned to such Pod, (ii) the cost of any pension and any other benefits not included in Practice Expenses, in each case that are provided to such Medical Group Physicians and (iii) any Discretionary Expenses; provided, however, that the parties agree and understand that Deductible Expenses may include items that are not deductible for income tax purposes, and PQC makes no representation as to the deductibility of such items for purposes of income tax liabilities of any Medical Group Physician or Medical Group.