Remission Date definition
Remission Date means the 25th day after the end of the month in which the date of the closing of the transaction under this agreement occurs; provided, however, that if the Canada Customs and Revenue Agency confirms in writing on or before the 25th day after the end of the month in which such date of closing occurs that the Purchaser may continue to withhold the Withheld Amount until a later date, then the Remission Date shall be deemed to be extended until such later date.
Examples of Remission Date in a sentence
If, at the conclusion of such Current Period, Net Sales in such Boutique during such Current Period would require payment of a greater or lesser Base Percentage, any necessary adjustment shall be made on the first Remission Date following the close of such Current Period by retention of an additional portion of Net Sales or by retention of a smaller portion of Net Sales, as the case may be, or to the extent such means of adjustment is not available or sufficient, by immediate cash payment.