Required Deductions definition

Required Deductions means that as set forth in Section 2.05 hereof.
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Required Deductions means: amounts paid previously under the Contract; retention moneys to be deducted pursuant to Item 13; other amounts due from the Contractor to the Principal in connection with the Contract; amounts due from the Contractor to the Principal otherwise than in connection with the Contract; to the extent that such work has not yet been carried out by the Contractor and the cost of such work has not yet been incurred by the Principal, the estimated cost to the Principal of having any work of removal, demolition, replacement, correction or rectification the subject of a direction pursuant to subclause 29.3 or clause 35 carried out by a third party; amounts in respect of work which is required by the Contract to be tested and for which any of the following conditions have not been met: all required tests have been completed; the results of the tests do not reveal a failure of the Contractor to comply with the Contract; and the Contractor has made good WUC and provided the results of the tests to the Superintendent and to the Principal in accordance with subclause 30.6. amounts which the Principal bona fide claims are or will become due from the Contractor to the Principal in connection with the Contract (and where such an amount cannot be ascertained by the Principal at the time at which the amount is to be certified, the Principal's bona fide estimate of such an amount).' Insert a new definition of 'response period': 'response period for a progress claim or final payment claim (as the case may be) means 15 business days after the claim is given to the Principal;' Delete the definition of 'schedule of rates' and insert: 'schedule of rates means a price schedule;' Insert a new definition of 'schedule of rates contract': 'schedule of rates contract means a contract to which subclause 2A.4 applies;' Delete paragraphs c) and d) of the definition of ‘security’; Insert a new definition of 'security of payments legislation': 'security of payments legislation means the Building Industry Fairness (Security of Payments) Xxx 0000 (Qld) and any associated subordinate legislation;' Insert a new definition of 'specified loss':
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Required Deductions shall have the meaning set forth in Section 3.7 hereof.
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Examples of Required Deductions in a sentence

  • If the Borrowers are compelled by Law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges, or withholdings (collectively, the “Required Deductions”), the Borrowers will pay to the Bank an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions and (ii) the aggregate amount of United States, federal or state income taxes required to be paid by the Bank in respect of the Required Deductions.

  • If the Lender is compelled by Law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges or withholdings (collectively, the "Required Deductions"), the Borrowers will pay to the Lender an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions, and (ii) the aggregate amount of United States, federal or state income taxes required to be paid by the Lender in respect of the Required Deductions.

  • If the Borrower is compelled by Law to deduct any such taxes or to make any such other deductions, charges, or withholdings (collectively, the "Required Deductions"), the Borrower will pay to the Agent for the ratable benefit of the Banks an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions and (ii) the aggregate amount of United States federal or state income taxes required to be paid by the Banks in respect of such Required Deductions.

  • Required Deductions from Pay‌ Deductions that are required by state and federal law to be withheld from your gross wages are; Federal Income Tax, Federal Social Security Tax (FICA), California State Income Tax, California State Disability Insurance, Medicare, Court Ordered Garnishment or any wage assignment, IRS or Franchise Tax Board Orders to Withhold.

  • Others may not be able to communicate at all and have more than one disability.

  • If the Borrower is compelled by Law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges, or withholdings (collectively, the "Required Deductions"), the Borrower will pay to the Lender an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions and (ii) the aggregate amount of United States, federal or state income taxes required to be paid by the Lender in respect of the Required Deductions.

  • Required Deductions (a) (i) Effective June 1, 2021 until May 31, 2024, the Employer agrees to deduct from the wages of each Employee for each hour worked by the Employees covered by this Agreement, the following sums: Effective June 1, 2021 to May 31, 2022 Two Dollars ($2) per hour.

  • In addition, all Severance Benefits shall be paid no later than December 31 of the second calendar year following the calendar year in which the Participant’s Separation Date occurs.7.3Withholding of Taxes and Other Required Deductions.

  • Unless mutually agreed to by the parties, HSBC Bank shall not originate any Classic RALs or Classic eRALs in an amount less than the amount of the Refund Due after taking into account any possible deductions from such Refund Due for (a) Delinquent ERO Charges, (b) First Priority Prior Indebtedness, (c) Second Priority Prior Indebtedness, (d) any Other Required Deductions, (e) Authorized Deductions and (f) such amount or amounts as the Settlement Products Client shall have authorized in writing.

  • If the Borrower is compelled by Law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges, or withholdings (collectively, the “Required Deductions”), the Borrower will pay to the Lender an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions and (ii) the aggregate amount of United States, federal or state income taxes required to be paid by the Lender in respect of the Required Deductions.


More Definitions of Required Deductions

Required Deductions has the meaning given to it in Clause 33.6.5 (Monthly Reconciliations);
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Required Deductions is defined in Section 2.08(a) hereof.
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Required Deductions shall have the meaning set forth in Section 3.7 hereof. "Reset Date" means the fifth (5th) anniversary of the Closing Date.
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Required Deductions means as set forth in Section 3(b) hereof.
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Required Deductions means deductions and retentions of or on account of Tax as each Group Company was or is obliged or entitled to make in connection with all payments made by it during the ordinary course of business.
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Related to Required Deductions

  • Permitted Deductions means the sum of, without duplication, the following costs or expenses:

  • Transaction Deductions means the sum of all items of loss or deduction for U.S. federal income tax purposes resulting from or attributable to (a) the payment of legal, financial advisory, accounting and other fees and expenses of the Group Companies (but not of Buyer) in connection with the transactions contemplated hereby, including the Seller Transaction Expenses and (b) any other payment contemplated by this Agreement that is in the nature of compensation for U.S. federal income tax purposes.

  • Allowable Deductions means the following costs, charges, and expenses incurred or accrued by Payor:

  • Agreed Deductions means any deductions the Agency Worker has agreed can be made from their pay;

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Covered Debt Amount means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such date plus (y) the aggregate principal amount (including any increase in the aggregate principal amount resulting from payable-in-kind interest) of Other Covered Indebtedness outstanding on such date.

  • FATCA Deduction means a deduction or withholding from a payment under a Finance Document required by FATCA.

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable Period means any taxable year or any other period that is treated as a taxable year (or other period, or portion thereof, in the case of a Tax imposed with respect to such other period, e.g., a quarter) with respect to which any Tax may be imposed under any applicable Law.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Deduction Limitation means the following described limitation on a benefit that may otherwise be distributable pursuant to the provisions of this Plan. Except as otherwise provided, this limitation shall be applied to all distributions that are “subject to the Deduction Limitation” under this Plan. If an Employer determines in good faith prior to a Change in Control that there is a reasonable likelihood that any compensation paid to a Participant for a taxable year of the Employer would not be deductible by the Employer solely by reason of the limitation under Code Section 162(m), then to the extent deemed necessary by the Employer to ensure that the entire amount of any distribution to the Participant pursuant to this Plan prior to the Change in Control is deductible, the Employer may defer all or any portion of a distribution under this Plan. Any amounts deferred pursuant to this limitation shall continue to be credited/debited with additional amounts in accordance with Section 3.8, even if such amount is being paid out in installments. The amounts so deferred and amounts credited thereon shall be distributed to the Participant or the Participant’s Beneficiary (in the event of the Participant’s death) at the earliest possible date, as determined by the Employer in good faith, on which the deductibility of compensation paid or payable to the Participant for the taxable year of the Employer during which the distribution is made will not be limited by Section 162(m). Notwithstanding the foregoing, the Committee shall interpret this Section in a manner that is consistent with Code Section 409A and the regulations thereunder, including without limitation guidance issued in connection with that Section.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Maximum Program Amount means Common Shares with an aggregate Sales Price of the lesser of (a) the number or dollar amount of Common Shares registered under the effective Registration Statement (defined below) pursuant to which the offering is being made, (b) the number of authorized but unissued Common Shares (less Common Shares issuable upon exercise, conversion or exchange of any outstanding securities of the Company or otherwise reserved from the Company’s authorized capital stock), (c) the number or dollar amount of Common Shares permitted to be sold under Form S-3 (including General Instruction I.B.6 thereof, if applicable), or (d) the number or dollar amount of Common Shares for which the Company has filed a Prospectus (defined below).

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Transaction Tax Deductions means, to the extent Tax deductible for Income Tax purposes, all compensation attributable to payments by a Company or Company Subsidiary on or prior to the Closing Date, including employee transaction-related bonuses, change of control payments, and severance payments, resulting from or related to the consummation of the Contemplated Transactions that are charged to Sellers as part of the Transaction Expenses.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and: