Allowable Deductions definition
Allowable Deductions. , in relation to a mineral, means —
Allowable Deductions means the following costs, charges, and expenses incurred or accrued by Payor:
Allowable Deductions means the following, in each case determined without duplication:
Examples of Allowable Deductions in a sentence
Notwithstanding anything to the contrary, any costs, expenses, or charges related to the milling of ore into intermediate products or saleable products by Grantor and its Affiliates shall not be considered Allowable Deductions and shall not be deducted from the calculation of Net Smelter Returns.
Grantor shall determine all Receipts and Allowable Deductions by the accrual method and apply GAAP in that determination.
In addition, Grantor may use comparable procedures to apportion among the commingled materials all penalty and other charges and deductions, if any, imposed by the smelter, refiner, or purchaser of such material and all other costs that would constitute Allowable Deductions.
More Definitions of Allowable Deductions
Allowable Deductions means all costs, charges and expenses paid by the Company for or with respect to processed Products, after such Products are shipped from the Property, including:
Allowable Deductions has the meaning given in clause 1.1 of Schedule 2; Authorised Representative has the meaning given in clause 3(a) of Schedule 4; Business Day means a day that is not a Saturday, Sunday or public holiday in New Zealand or any anniversary day in the region in which the relevant Services are being provided; Commencement Date means the Commencement Date of this Agreement, as set out in the Key Terms (Part A: General);
Allowable Deductions means, to the extent actually incurred:
Allowable Deductions means average weekly amounts subtracted from gross income to arrive at net income, and are limited to the following:
Allowable Deductions has that meaning set out in Section 3.
Allowable Deductions means, all costs, charges, deductions and expenses paid or incurred by the Owner for or with respect to Products comprising:
Allowable Deductions means the following:
(1) volume discounts, and other discounts from the invoice price (or post-invoice credits) unilaterally imposed in the regular course of business by Licensee's customers, so long as Licensee documents such discounts (or credits) to Disney's satisfaction. In the event a documented 4 unilateral discount (or credit) is taken with respect to combined sales of Articles and other products not licensed by Disney, and Licensee cannot document the portion of the discount (or credit) applicable to the Articles, Licensee may apply only a pro rata portion of the discount (or credit) to the Articles. Unilateral discounts or credits are never deductible if they represent items listed below in Subparagraph 1.I.(2).
(2) The following are not Allowable Deductions, whether granted on sales invoices or unilaterally imposed as discounts or as post-invoice credits: cash discounts granted as terms of payment; early payment discounts; allowances or discounts relating to advertising; mark down allowances; new store allowances; defective goods allowances or allowances taken by customers in lieu of returning goods; costs incurred in manufacturing, importing, selling or advertising Articles; freight costs incorporated in the selling price; and uncollectible accounts.