Applicable Deductions definition

Applicable Deductions means all amounts that would be necessary, as determined in the reasonable discretion of the applicable Member, to (i) satisfy all loans, liens and encumbrances affecting the Company and the Company Assets, (ii) pay any costs and expenses associated with any sale or disposition of the Company Assets, including, without limitation, transactional and closing costs such as brokers’ fees, escrow fees and similar expenses.
View Source
Applicable Deductions means (x) during the period from the Closing Date through the end of the second month after the month the Closing occurs, reimbursement to CEMI for all fees and deductions charged to or paid by CEMI in connection therewith (the “Initial Period”); and (y) commencing on the first day of the month following the end of the Initial Period, an amount equal to one and one-half percent (1 1⁄2 %) of the sales price of such Hydrocarbons plus all midstream fees and deductions charged to or paid by CEMI in connection therewith.
View Source
Applicable Deductions means all Operating Expenses and Third Party Operating Expenses (including Burdens and Asset Taxes allocated to the Issuer pursuant to Section 2.07 of each of the Asset Purchase Agreements) attributable or allocable to the Wellbore Interests or the ownership or operation thereof. Applicable Deductions exclude any Administrative Expenses.
View Source

Examples of Applicable Deductions in a sentence

  • In the event of a Portfolio Sale, the Sale Notice shall also include a calculation of the amount that would be distributed to the Initiating Member under this Agreement in the event that the Portfolio Sale was consummated for the Sale Price, taking into account all Applicable Deductions (the “Allocated ROFO Price”).

  • The electric power bills shall be paid by the Owner, and shall form part of Applicable Deductions but not part of Operator’s Costs; provided, however, that electricity may be added by Owner, at its discretion, into Operator’s Applicable Costs within the first six months of the Term of this Agreement as set out in paragraph 5.2(a)(i) above.

  • In the event of a Portfolio Sale, the Sale Notice shall also include a calculation of the amount that would be distributed to 45 the Cindat Member under this Agreement in the event that the Portfolio Sale was consummated at the Sale Price, taking into account all Applicable Deductions (the “Allocated ROFO Price”).

  • The salary and expenses of the Owner’s Representative shall be paid by the Owner and shall form part of Applicable Deductions but not part of Operator’s Costs.

  • In exchange for the covenants and release set forth in this Agreement, Informedix agrees to pay to you $52,083.33 ("the Severance Amount"), from which shall be deducted all state and federal income and welfare taxes and other mandatory deductions under applicable laws ("Applicable Deductions"), payable to you in five equal monthly installments of $10,416,67, less Applicable Deductions, commencing on October 15, 2004, in accordance with normal Company payroll installments and policy.

  • The Issuer, or the Manager on its behalf, shall direct that all payments with respect to the Wellbore Interests (net of Applicable Deductions) and all payments received by the Issuer under the Hedge Agreements be transferred to the Collection Account in accordance with the terms of the Joint Operating Agreement and the Management Services Agreement.

  • If the Executive has signed the Additional Waiver and Release and the revocation period has expired without the Executive having revoked the Additional Waiver and Release, the Company shall pay to the Executive, in a lump sum cash payment on or before the third (3rd) business day after the expiration of the revocation period, the sum of $15,000, less Applicable Deductions.


More Definitions of Applicable Deductions

Applicable Deductions means any adjustments or modifications to the Royalty Interest made pursuant to Section 5.3.2 of the License Agreement.
View Source
Applicable Deductions means the taxes and fees applicable to a Deposit.
View Source
Applicable Deductions shall include, but shall not be limited to, all federal, state or local taxes required to be withheld from amounts paid to Executive pursuant to this Agreement or otherwise due from the Company, including any withholding taxes with respect to the benefits provided or to be provided hereunder, including any benefits pursuant to Section 2(d) and the accommodations furnished under Sections 10(d) and 10(e), and any other amounts that the Company may be legally required to deduct or that Executive has voluntarily elected to have deducted from his earnings.
View Source

Related to Applicable Deductions

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

  • Agreed Deductions means any deductions the Agency Worker has agreed can be made from their pay;

  • Transaction Deductions means the sum of all items of loss or deduction for U.S. federal income tax purposes resulting from or attributable to (a) the payment of legal, financial advisory, accounting and other fees and expenses of the Group Companies (but not of Buyer) in connection with the transactions contemplated hereby, including the Seller Transaction Expenses and (b) any other payment contemplated by this Agreement that is in the nature of compensation for U.S. federal income tax purposes.

  • Permitted Deductions means the following deductions to the extent included in the gross invoiced sales price of the Product, or otherwise directly paid or incurred by the Selling Entity with respect to the sale:

  • Nonrecourse Deductions has the meaning set forth in Section 1.704-2(b)(1) of the Regulations.