CORRESPONDING SAVINGS Sample Clauses

CORRESPONDING SAVINGS. 10.1 Where a liability of the Warrantors under Part 3 of this Schedule that has been discharged in full by payment in cleared funds is in respect of a Tax Liability that has given rise to a Relief, the Buyer shall inform the Warrantors and the Warrantors may (at the Warrantors’ expense) instruct the Auditors (acting as experts and not as arbitrators) to certify by way of a written determination:
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CORRESPONDING SAVINGS. 8.1 If the auditors for the time being of the Company (at the request and expense of the Vendor) certify that a Relevant Amount exists for the purposes of this Clause, Clause 8.3 shall apply except to the extent to which credit has been given for the Relevant Amount in relation to any claim under the Warranties.
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CORRESPONDING SAVINGS. 9.1 If any payment is made by the Covenantors under this Deed in respect of a liability to Taxation and the Company or the Purchaser receives a Relief in respect of the liability to Taxation in question, the Purchaser shall pay to the Covenantors the lower of the amount of Taxation that the Purchaser, the Company or any member of the Purchaser's Group actually saves by virtue of the relief (less any reasonable costs of obtaining or recovering such relief and any Taxation suffered thereon) and the aggregate payments previously made by the Covenantors under this Deed.
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CORRESPONDING SAVINGS. 5.1 If the Sellers have made a payment to the Purchaser under this schedule 5 or in respect of a breach of any Tax Warranty (including under sub-clause 7.6 of this agreement) in respect of a liability and that liability (or the thing giving rise to the liability) has resulted in a Relief which would not otherwise have arisen (“Relevant Relief”) the amount by which the Company’s (or other member of the Purchaser’s Group’s) liability to Tax is reduced, or which it receives by way of a repayment, as a consequence of the utilisation or set off of such Relevant Relief (“Relevant Amount”) shall be dealt with in accordance with subparagraph 5.3.
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CORRESPONDING SAVINGS. 10.1 If any Tax Liability which has resulted in a payment being made by the Warrantors under this Schedule 5 or for breach of any of the Tax Warranties has given rise to a Relief which would not otherwise have arisen, then:
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Related to CORRESPONDING SAVINGS

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Cost Savings Developer shall work cooperatively with Architect, Construction Manager, subcontractors and District, in good faith, to identify appropriate opportunities to reduce the Project costs and promote cost savings. Any identified cost savings from the Guaranteed Maximum Price shall be identified by Developer, and approved in writing by the District. In the event Developer realizes a savings on any aspect of the Project, such savings shall be added to the Contingency and expended consistent with the Contingency. In addition, any portion of Allowance remaining after completion of the Project shall be added to the Contingency. If any cost savings require revisions to the Construction Documents, Developer shall work with the District and Architect with respect to revising the Construction Documents and, if necessary, obtaining the approval of DSA with respect to those revisions. Developer shall be entitled to an adjustment of Contract Time for delay in completion caused by any cost savings adopted by District pursuant to Exhibit D, if requested in writing before the approval of the cost savings.

  • Are There Penalties for Early Distribution from a Xxxx XXX As indicated above, earnings on your contributions, as well as amounts contributed to a Xxxx XXX as a rollover from a Traditional IRA, that are distributed before certain events are subject to various taxes. Please see IRS Publication 590 for further information about Xxxx XXX rules and restrictions.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • Are There Different Types of IRAs or Other Tax Deferred Accounts? Yes. Upon creation of a tax deferred account, you must designate whether the account will be a Traditional IRA, a Xxxx XXX, or a Xxxxxxxxx Education Savings Account (“CESA”). (In addition, there are Simplified Employee Pension Plan (“SEP”) IRAs and Savings Incentive Matched Plan for Employees of Small Employers (“SIMPLE”) IRAs, which are discussed in the Disclosure Statement for Traditional IRAs). • In a Traditional IRA, amounts contributed to the IRA may be tax deductible at the time of contribution. Distributions from the IRA will be taxed upon distribution except to the extent that the distribution represents a return of your own contributions for which you did not claim (or were not eligible to claim) a deduction. • In a Xxxx XXX, amounts contributed to your IRA are taxed at the time of contribution, but distributions from the IRA are not subject to tax if you have held the IRA for certain minimum periods of time (generally, until age 59½ but in some cases longer). • In a Xxxxxxxxx Education Savings Account, you contribute to an IRA maintained on behalf of a beneficiary and do not receive a current deduction. However, if amounts are used for certain educational purposes, neither you nor the beneficiary of the IRA are taxed upon distribution. Each type of account is a custodial account created for the exclusive benefit of the beneficiary – you (or your spouse) in the case of the Traditional IRA and Xxxx XXX, and a named beneficiary in the case of a Xxxxxxxxx Education Savings Account. U.S. Bank, National Association serves as Custodian of the account. Your, your spouse’s or your beneficiary’s (as applicable) interest in the account is nonforfeitable.

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