Subtractions Clause Samples
The Subtractions clause defines specific items, amounts, or categories that are to be excluded or deducted from a calculation, obligation, or total under the agreement. In practice, this clause might specify that certain expenses, taxes, or pre-existing liabilities are not to be included when determining a party’s net payment or performance requirements. By clearly outlining what is subtracted, the clause ensures transparency and prevents disputes over what should be counted, thereby providing clarity and fairness in the agreement’s financial or operational terms.
Subtractions. The Capital Account shall be reduced by the sum of (i) the amount of any net loss or other item of expense, loss or deduction allocated to the Partner pursuant to Article 6 hereof, plus (ii) the Distribution Value (determined without regard to section 7701(g) of the Code) of any cash or other property distributed, or deemed to have been distributed, by the Partnership to the Partner, net of any liabilities assumed by the distributee in connection with the distribution or to which the cash or other distributed property is subject under section 752 of the Code.
Subtractions. Will be accepted up until the final balance is paid in full (10 weeks prior to wedding date). However, it should be noted that once our proposal has been agreed, there is a guaranteed minimum payment of 85% of the original proposal value.
7.1 We will be happy to look at all alterations (see clause 4.1), but the minimum payment of 85% of original proposal value will apply.
Subtractions. Before the PA expires, NPS shall provide the signatories to this PA with an account of what projects have or have not been completed. At that time, the signatories shall consult about any outstanding projects and determine whether to extend the PA to cover the outstanding projects, in accordance with Stipulation XIV
Subtractions. For theft, robbery, misappropriation and subtraction of the insured vehicle to use it, except when the theft involves a motorcycle, scooter or three wheeled scooter. In case of this coverage the following terms are understood as:
Subtractions. Personal Property items expected to be purchased from the property Seller(s), otherthan fixtures. $
Subtractions. A. Eligible Accounts (other than of FPM Ohio or TCV) not owned by a Credit Party: $ (_________)
B. Eligible Accounts (other than of FPM Ohio or TCV) not pledged to Lenders: $ (_________)
C. Eligible Accounts owned by non-wholly owned Subsidiaries: $ (_________) Eligible Accounts owned by $ _________ FPM Ohio: Multiplier: x 49% = $ (_________)
Subtractions a. Accounting for the consumption of Nuclear Fuel will be based upon amortization rates determined consistent with the Seller's past practices.
b. Any revisions to the Seller's "Palisades Nuclear Power Plant Nuclear Fuel Forecast" or similar documents which provide the basis for Nuclear Fuel amortization and the associated amortization factors will be prepared and implemented in a manner consistent with past practice and will be provided to the Buyer when available.
c. The amortization factors will be applied to the actual plant output on a monthly basis to determine the reduction to the Book Value of the Nuclear Fuel. [continued on next page]