Allowable Deductions definition

Allowable Deductions. , in relation to a mineral, means —

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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

If an In-Kind Deduction Payment in respect of Allowable Deductions for a particular month is not made within 10 days of receipt of invoices for such Allowable Deductions, the Payors shall be permitted to set-off the amount of such In-Kind Deduction Payment against any future credits/payments of the Royalty to the Payee, plus interest on such amount at the rate of 12.0% per annum, which shall accrue from the day such delinquent In-Kind Deduction Payment was due to the date of set-off.
Notwithstanding anything else in this Section 5(c), at no time may the Royalty percentage share of Allowable Deductions exceed the amount of credits/payments that would otherwise be due and payable pursuant to the Royalty such that Net Smelter Returns are less than zero.
The In-Kind Deduction Payment shall be made within 10 days of receipt of invoices for such Allowable Deductions by wire transfer to an account to be designated by the Payors, and notified to the Payee in writing at least three Business Days prior to the payment date.
Such statement shall be accompanied by copies of the relevant settlement sheets from the Third Party Payor and invoices for all Allowable Deductions applied to the Royalty.

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.