Limitation on Deductions. During the Relevant Period, the Company agrees that it shall not claim a deduction for remuneration for federal income tax purposes in excess of $500,000 for each Senior Executive Officer that would not be deductible if Section 162(m)(5) of the Code applied to the Company.
Limitation on Deductions. During the Relevant Period, the Credit Union agrees that it shall not claim a deduction for remuneration for federal income tax purposes in excess of $500,000 for each Senior Executive Officer that would not be deductible if Section 162(m)(5) of the Code applied to the Credit Union.
Limitation on Deductions. Notwithstanding anything to the contrary in this Agreement, the operation of Sections 8.4 and 8.5 for a given Product, whether singularly or in combination with each other, shall not [*].
Limitation on Deductions. Buyer hereby agrees that, in making any and all payments to eNow under the terms of these Terms and Conditions of Sale, no deductions for warranty or any such other claims against eNow shall be made unless Buyer receives from eNow prior approval of the validity of such a claim; any costs for shipping defective Products to eNow shall be borne by eNow.
Limitation on Deductions. Buyer hereby agrees that, in making any and all payments to MSC under the terms of these Terms and Conditions of Sale, no deductions for warranty or any such other claims against MSC shall be made unless Buyer receives from MSC prior approval of the validity of such a claim; any costs for shipping defective Products to MSC shall be borne by MSC.
Limitation on Deductions. No Partner shall receive an allocation of any Partnership deduction or Loss that would cause the total allocations of Loss or items thereof to such Partner to exceed the amount of its Capital Account balance increased by its share of Partnership Minimum Gain, Partner Nonrecourse Debt Minimum Gain, and any other amount a Partner is unconditionally obligated to restore on liquidation of the Partnership. (6)
Limitation on Deductions. During the Relevant Period, the Bank agrees that it shall not claim a deduction for remuneration for federal income tax purposes in excess of $500,000 for each Senior Executive Officer that would not be deductible if Section 162(m)(5) of the Code applied to the Bank.
Limitation on Deductions. Notwithstanding anything to the contrary in this Agreement, the operation of Section 8.6 and Section 8.7 for a given Product, whether singularly or in combination with each other, shall not [ * ]. [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
Limitation on Deductions. There will be no deductions from any payments due Licensor because of any bank charges, conversion costs, sales use or VAT taxes, "kontingents", quotas or any other taxes levies or charges unless separately agreed in writing by Licensor. No remittance or withholding taxes may be deducted from the Guarantee, but any such taxes paid by Distributor may be recouped as a Recoupable Distribution Cost after Distributor provides Licensor with appropriate documentation. If Distributor is required to pay any remittance or withholding tax on amounts due Licensor other than the Guarantee, then Distributor will provide Licensor with all documentation indicating Distributor's payment of the required amount on Licensor's behalf before deducting Distributor's payment from any sums due Licensor.
Limitation on Deductions. With respect to the reductions in royalties provided for in Sections 6.5(c) and (d) taken together, in no event shall such reductions in royalties be such that at any given time the royalties to be paid under Section 6.5(a) shall be reduced by more than [***]. Any amount that Oculis is entitled to deduct that is reduced by the limitation provided for in this Section 6.5(e) on the deduction shall be carried forward and Oculis may deduct such amount from subsequent amounts due to Alcon until the full amount that Oculis was entitled to deduct is deducted. In the event all royalty and milestone payments due to be made by Oculis under this Agreement have been made and there remains not yet taken as a deduction some amount of the full amount that Oculis was entitled to deduct, an amount corresponding to such remaining deduction shall be paid by Alcon to Oculis.
