Agreed Adjustments Sample Clauses
Agreed Adjustments. 1. The parties acknowledge and confirm that the amount of(pound)4,254,284 referred to in Clause 7.2 has been agreed after making the following adjustments to the amount of(pound)5,000,000:-
(a) (pound)217,000: Employee bonuses (including National Insurance contributions but net of the corporation tax savings of 30% payable pursuant to Clause 26;
(b) (pound)503,000: Vessel spares;
(c) (pound)59,000: corporation tax liability in respect of gains held over during the last 10 years;
(d) (pound)10,216: interest on the late payment of corporation tax relating to the survey provisions reversed in the Accounts (net of the corporation tax savings of 30%); by adding thereto:-
Agreed Adjustments. RTL and RTP agree with each other as follows:
Agreed Adjustments. Costs and expenses related to regulatory consulting/employee (e.g., federal or state funding) • Transaction costs and expenses related to acquisitions • Transaction costs and expenses related to financings • Costs and expenses related to strategic initiatives • Allocated portion of services provided to Amplex Holdings and its subsidiaries by NICK. Generally, the Parties expect that the calculation of EBITDA will not include any asset, liability, or corporate or administrative overhead of or related to NICK or its Affiliates (provided neither Amplex nor its subsidiaries will be considered an Affiliate of NICK for these purposes) except as otherwise agreed upon by the Parties. A-
Agreed Adjustments. From time to time during the Term, each Party may propose to the other Party adjustments to the calculation of EBITDA hereunder for non-recurring costs and expenses and one-time unusual revenues with an explanation for the rationale for such proposed adjustments. Each Party agrees to review such proposed adjustments in good faith and will reasonably consent to such proposed adjustments. All proposed adjustments mutually agreed upon by the Parties shall constitute the “Agreed Adjustments.” If a Party does not agree with a proposed adjustment, the Party shall provide written notice to the proposing Party with an explanation for the rationale for such rejection. N▇▇▇ and M▇ ▇▇▇▇▇▇ agree to meet within fifteen (15) days after notice of a rejection of a proposed adjustment in order to negotiate in good faith the proposed adjustment or an alternative thereto. Agreed Adjustments are intended to include the type of adjustments made in calculating the Closing Adjusted EBITDA and reflected on Annex A.