Required Deductions definition

Required Deductions means that as set forth in Section 2.05 hereof.

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':

Required Deductions shall have the meaning set forth in Section 3.7 hereof.

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.

• 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 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 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.

• The Company shall pay Employee an amount equal to twenty (20) weeks (the “Severance Period”) of Employee’s regular base salary in effect on the Separation Date, minus the Required Deductions (as defined below) (the “Severance Amount”).

• 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.

• If the Makers 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 Makers 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 such Required Deductions.

• You and MEC will be required to enter into a mutually agreeable arrangement with respect to MEC's withholding obligations for the Required Deductions resulting from the distribution of your Award Shares.

• 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.

More Definitions of Required Deductions

Required Deductions has the meaning given to it in Clause 33.6.5 (Monthly Reconciliations);

Required Deductions shall have the meaning set forth in Section 3.7 hereof. "Reset Date" means the fifth (5th) anniversary of the Closing Date.

Required Deductions is defined in Section 2.08(a) hereof.

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.

Required Deductions means as set forth in Section 3(b) hereof.