Additional Deduction definition

Additional Deduction means a loss or deduction (collectively, "loss") that is deductible against the ordinary income of the Corporation, without regard to any loss or limitation of deductibility caused by the application of Section 382 of the Internal Revenue Code. "Excess Liabilities" means, without duplication, (1) trade payables, accrued expenses and other obligations of the Corporation's discontinued operations including AgroTek Williams, Inc., GeoFocus, Inc., Hardee Williams, Inc., Kenco Williams, Inc., Premier Plastics Technologies, Techwood Williams, Inc., Waccamaw Wheel Williams, Inc., Williams Technologies, Inc., and Williams World Trade, Inc., (2) any monetary obligations related to Ed Cicotte, Coyote Engineering Inc. or any of their respective affiliates, (3) vendor interest and the 1999 Catepillar Inc. invoice settlement of Williams Controls Industries, Inc. included in the Corporation's balance sheet as of March 31, 2002, (4) environmental liabilities in excess of $1,500,000 of the Corporation or any of its subsidiaries, and (5) any other non-working capital liabilities related to events or facts which occurred prior to Closing (whether or not such liabilities arise prior to Closing) which were not set forth on (or are in excess of the amount set forth on) the face (as opposed to in the footnotes) of the Corporation's balance sheet as of March 31, 2002 (whether or not such liabilities were required to be set forth on such balance sheet). A "Change of Control" means any transaction, whether in a single transaction or series of related transactions, pursuant to which a person or group of related persons (x) acquires, whether by merger, stock purchase, recapitalization, redemption, issuance of capital stock or otherwise, more than fifty percent of the shares of Common Stock (as defined below) outstanding on a "fully diluted basis", or (y) acquires assets constituting all or substantially all of the assets of the Corporation and its subsidiaries. "Common Stock" means, collectively, the Corporation's Common Stock, par value $.01 per share, and any capital stock of any class of the Corporation hereafter authorized which is not limited to a fixed sum or percentage of par or stated value in respect to the rights of the holders thereof to participate in dividends or in the distribution of assets upon any liquidation, dissolution or winding up of the Corporation. "Fully diluted basis" means, as of any date of determination, the number of shares of Common Stock outstanding p...
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Additional Deduction. Not only is the renter expected to put the community building back in “broom clean” condition, but all chairs must be placed back in the storage area or the renter will receive a fifty dollar ($50) FINE. Any misuse of the premises either by reason of physical harm to the premises or unapproved functions such as unauthorized fund raising events, will result in the renter being charged the cost of repairs, and lost of any privileges to use the premises in the future.
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Additional Deduction means a loss or deduction (collectively, “loss”) that is deductible against the ordinary income of the Corporation, without regard to any loss or limitation of deductibility caused by the application of Section 382 of the Internal Revenue Code. “Excess Liabilities” means, without duplication, (1) trade payables, accrued expenses and other obligations of the Corporation’s discontinued operations including AgroTek Williams, Inc., GeoFocus, Inc., Hardee Williams, Inc., Kenco Williams, Inc., Premier Plastics Technologies, Techwood Williams, Inc., Waccamaw Wheel Williams, Inc., Williams Technologies, Inc., and Williams World Trade, Inc., (2) any monetary obligations related to Ed Cicotte, Coyote Engineering Inc. or any of their respective affiliates, (3) vendor interest and the 1999 Catepillar Inc. invoice settlement of Williams Controls Industries, Inc. included in the Corporation’s balance sheet as of March 31, 2002, (4) environmental liabilities in excess of $1,500,000 of the Corporation or any of its subsidiaries, and (5) any other specific liability (excluding ordinary course working capital liabilities) related to events or facts which occurred prior to the Funding Date (whether or not such liability arise prior to the Funding Date) which was not a component (or is in excess of the amount of such component) of the amount set forth on the face (as opposed to in the footnotes) of the Corporation’s balance sheet as of March 31, 2002 (whether or not such liability was required to be a component of the amount set forth on such balance sheet). A “Change of Control” means any transaction, whether in a single transaction or series of related transactions, pursuant to which a person or group of related persons (other than AIP or any of its affiliates) (x) acquires, whether by merger, stock purchase, recapitalization, redemption, issuance of capital stock or otherwise, more than fifty percent of the shares of Common Stock (as defined below) outstanding on a “fully diluted basis”, or (y) acquires
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Examples of Additional Deduction in a sentence

  • To the extent that funds on deposit in the Fee Payment Account are insufficient on any Distribution Date to pay all of the foregoing expenses, the Administrative Agent will instruct the Trustee to withdraw from the Distribution Account and deposit into the Fee Payment Account additional funds in the amount that is necessary to pay in full such excess expenses and any excess fees pursuant to Section 5.4 (such amount, an "Up Additional Deduction Amount").

  • Swift Leasing would, in such case, not be required to acquire the 15 tractors not considered to be Qualified Rolling Stock unless the Owner and Swift Leasing mutually agree upon the appropriate Damage Deduction for each tractor not qualifying as Qualified Rolling Stock (the "Additional Deduction", and the Gross Rolling Stock Value would be reduced by the Additional Deduction as well as the Maximum Damage Deduction and Depreciation Deduction.

  • To the extent that funds on deposit in the Fee Payment Account are insufficient to pay all of the foregoing fees, the Administrative Agent will instruct the Trustee to withdraw an Up Additional Deduction Amount from the Distribution Account to pay any such excess fees.

  • For purposes of calculating "Purchase Price," the Closing Indebtedness Amount, the Cash Amount and the Additional Deduction Amount shall be as finally determined in accordance with Section 2.5.

  • The Administrative Agent shall not be liable for the transaction costs incurred in connection with the acquisition of the Eligible Treasuries, which shall be payable out of the Fee Deduction Amount and any Additional Deduction Amount.

  • Notwithstanding anything to the contrary herein, the right of Tenant to setoff the Pro Rata Rent Deduction against Rent as provided in this paragraph shall end (except for the Additional Deduction) with respect to each Displaced Parking Space which is moved to a space which satisfies the definition of an Alternate Space.

  • To the extent that funds on deposit in the Fee Payment Account are insufficient to pay all of the foregoing fees, the Administrative Agent will instruct the Trustee to withdraw an Additional Deduction Amount from the Up Trust to pay any such excess fees.

  • With respect to a Dispute related to any Cost Event or Additional Deduction ("COST EVENT DISPUTE"), if the parties cannot promptly resolve a Cost Event Dispute within ten (10) days after written notice is provided from one party to another of the existence of such Cost Event Dispute, the Cost Event Dispute will be submitted to the Management Committee (defined below) for resolution.

  • To the extent that funds on deposit in the Fee Payment Account are insufficient to pay all of the foregoing expenses, the Administrative Agent will instruct the Trustee to withdraw an additional amount equal to the amount necessary to pay such excess expenses and any excess fees pursuant to Section 5.4 herein, from the assets of the Up Trust (such amount, an "Additional Deduction Amount").