Deductible Expenses definition

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).

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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

• The letter dated the date of this Agreement from the ITR Entity to the Corporate Taxpayer shows, in reasonable detail necessary to perform the calculations required by this Agreement, for purposes of Taxes, estimates of (i) the NOLs, (ii) the scheduled expiration date (or dates) of such NOLs and (iii) the Deductible Expenses (such letter, the “IPO Date Tax Benefit Disclosure Letter”).

• From time to time after the IPO Date, the ITR Entity and the Corporate Taxpayer shall agree on an amended IPO Date Tax Benefit Disclosure Letter (x) that reflects more accurate estimates of the Deductible Expenses and (y) as required by the last sentence of Section 2.3(b).

• The above royalty percentage is to be applied to gross sales after Deductible Expenses for any Licensed Products sold by CMS, its agents, its distributors, or Related Companies.

• Member Risk Nonrecourse Deductions" of Palace for a Fiscal Year shall mean any and all items of Book Depreciation and of Deductible Expenses that are attributable to Member Risk Nonrecourse Debt of Palace (as determined under section 1.704-2(l)(2) of the Regulations).

• PubCo shall deduct, or shall cause the appropriate Subsidiary of PubCo to deduct, any applicable Deductible Expenses to the fullest extent allowed by law in the earliest Taxable Year that such Deductible Expenses are permitted to be deducted; provided that PubCo or the applicable Subsidiary shall not be required to deduct any amount in any Taxable Year that is not “more likely than not” deductible in such Taxable Year.

More Definitions of Deductible Expenses

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 (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 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.