The Relevant Amount Sample Clauses
The 'Relevant Amount' clause defines the specific sum or value that is applicable in a given contractual context, often used to determine payments, liabilities, or thresholds. In practice, this clause sets out how the relevant amount is calculated or identified, such as referencing a particular invoice, a percentage of a contract price, or a fixed sum tied to a specific event. Its core function is to provide clarity and certainty regarding financial obligations, thereby reducing the risk of disputes over how much is owed or payable under the contract.
The Relevant Amount. (a) shall first be set off against any payment then due from the Seller in respect of any Claim for Tax;
(b) to the extent there is an excess of the Relevant Amount after any application thereof under Paragraph 4.2(a), a refund shall be made to the Seller of any previous payment or payments made by the Seller under a Claim for Tax and not previously refunded under this Paragraph 4.2(b) up to the amount of such excess; and
(c) to the extent that the excess referred to in Paragraph 4.2(b) is not exhausted under that Paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Seller under a Claim for Tax.
The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Holdings Tax Claim;
7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors of any previous payment or payments made by the Vendors under a Holdings Tax Claim and not previously refunded under this paragraph 7.2.2 up to the amount of such excess; and
7.2.3 to the extent that the excess referred to in paragraph 7.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantors under a Holdings Tax Claim.
The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Seller under a Tax Claim;
7.2.2 to the extent there is an excess of the Relevant Amount after any application of it under sub-paragraph 7.2.1, a refund shall be made to the Seller of any previous payment or payments made by the Seller under a Tax Claim and not previously refunded under this sub-paragraph, up to the amount of such excess; and
7.2.3 to the extent that the excess referred to in sub-paragraph 7.2.2 is not exhausted under that sub-paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Seller under a Tax Claim.
The Relevant Amount. 9.2.1 shall first be set off against any payment then due from the Vendor under a Tax Claim;
9.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 9.2.1, a refund shall be made to the Vendor of any previous payment or payments made by the Vendor under a Tax Claim and not previously refunded under this paragraph 9.2.2 up to the amount of such excess; and
9.2.3 to the extent that the excess referred to in paragraph 9.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Vendor under a Tax Claim.
The Relevant Amount. Where it is provided under paragraph 6.1 or 6.2 that any amount (the “Relevant Amount”) is to be dealt with in accordance with this paragraph:
6.3.1 the Relevant Amount shall first be set off against any payment then due from the Warrantor under this Tax Covenant or the Tax Warranties; and
6.3.2 to the extent there is an excess, a refund shall be made to the Vendor of any previous payment or payments made by the Warrantor under this Tax Covenant or the Tax Warranties and not previously refunded under this paragraph up to the amount of such excess; and
6.3.3 to the extent that the excess referred to in sub-paragraph 6.3.2 is not exhausted under that sub-paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantor under this Tax Covenant or the Tax Warranties
The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Tax Claim;
7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors.
The Relevant Amount. (a) shall first be set-off against any payment then due from the Sellers under this schedule 5 or for breach of any Tax Warranty (including under sub-clause 7.6 of this agreement);
(b) to the extent there is an excess of the Relevant Amount after any application of it under subparagraph 5.3
(a) a refund shall be made to the Sellers of any previous payment or payments made by such Sellers under this schedule 5 or for breach of any Tax Warranty (including under sub-clause 7.6 of the agreement) and not previously refunded under this subparagraph 5.3(b) or elsewhere in this schedule 5;
(c) to the extent that the excess referred to in subparagraph 5.3(b) is not exhausted under that subparagraph, the remainder of the excess shall be carried forward and set-off against any future payment or payments which become due from the Sellers under this schedule 5 or for breach of any Tax Warranty (including under sub-clause 7.6 of this agreement).
The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Tax Claim;
7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors of any previous payment or payments made by the Warrantors under a Tax Claim and not previously refunded under this paragraph 7.2.2 up to the amount of such excess;
7.2.3 to the extent that the excess referred to in paragraph 7.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantors under a Tax Claim; and
7.2.4 to the extent that any excess referred to in paragraph 7.2.3 is not exhausted by the sixth anniversary of this agreement, a refund of such excess shall be made to the Warrantors within 30 days of the sixth anniversary date.
The Relevant Amount. (a) shall first be set off against any payment then due from the Vendor under the Tax Covenant or the Tax Warranties;
(b) to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 6.2 (a), a refund shall be made to the Vendor of any previous payment or payments made by the Vendor under the Tax Covenant or the Tax Warranties and not previously refunded under this paragraph 6.2 (b) up to the amount of such excess; and
(c) to the extent that the excess referred to in paragraph 6.2 (b) is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Vendor under the Tax Covenant or the Tax Warranties.