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 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:

Examples of Allowable Deductions in a sentence

• Cap In addition to the exclusions to the Liability Cap contained in clause 20A(b) of the Relationship Agreement, the Liability Cap will also be exclusive of any Allowable Deductions in respect of Non-Satisfactory Performance by the Provider.

• For all other Products produced from the Royalty Property and sold other than as Gold Bullion or Silver Bullion or Copper (“Other Products”), Net Smelter returns shall be equal to (i) the actual sales price received by Grantor from the sale of Other Products to a smelter, refiner, processor, purchaser or other recipient of such products during a calendar quarter, less (ii) the Allowable Deductions permitted in Section 5(b) below.

• Such costs and/or Allowable Deductions shall be payable by the Royalty Holder to Owner within 15 days of receipt by the Royalty Holder of Owner's invoice.

• If and to the extent the Royalty is paid in kind and does not reflect the Allowable Deductions that are incurred and deductible in calculating the Royalty under this Instrument, then the Royalty Holder shall remit to the Owner the full amount of such Allowable Deductions.

• As used herein, “Net Smelter Returns” means the Gross Proceeds less Allowable Deductions.

More Definitions of Allowable Deductions

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 means the following, in each case determined without duplication:

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.