Required Deductions definition

Required Deductions means that as set forth in Section 2.05 hereof.
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Required Deductions means: amounts paid previously under the Contract; retention moneys to be deducted pursuant to Item 13; other amounts due from the Contractor to the Principal in connection with the Contract; amounts due from the Contractor to the Principal otherwise than in connection with the Contract; to the extent that such work has not yet been carried out by the Contractor and the cost of such work has not yet been incurred by the Principal, the estimated cost to the Principal of having any work of removal, demolition, replacement, correction or rectification the subject of a direction pursuant to subclause 29.3 or clause 35 carried out by a third party; amounts in respect of work which is required by the Contract to be tested and for which any of the following conditions have not been met: all required tests have been completed; the results of the tests do not reveal a failure of the Contractor to comply with the Contract; and the Contractor has made good WUC and provided the results of the tests to the Superintendent and to the Principal in accordance with subclause 30.6. amounts which the Principal bona fide claims are or will become due from the Contractor to the Principal in connection with the Contract (and where such an amount cannot be ascertained by the Principal at the time at which the amount is to be certified, the Principal's bona fide estimate of such an amount).' Insert a new definition of 'response period': 'response period for a progress claim or final payment claim (as the case may be) means 15 business days after the claim is given to the Principal;' Delete the definition of 'schedule of rates' and insert: 'schedule of rates means a price schedule;' Insert a new definition of 'schedule of rates contract': 'schedule of rates contract means a contract to which subclause 2A.4 applies;' Delete paragraphs c) and d) of the definition of ‘security’; Insert a new definition of 'security of payments legislation': 'security of payments legislation means the Building Industry Fairness (Security of Payments) ▇▇▇ ▇▇▇▇ (Qld) and any associated subordinate legislation;' Insert a new definition of 'specified loss':
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Required Deductions shall have the meaning set forth in Section 3.7 hereof.
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Examples of Required Deductions in a sentence

  • If the Borrowers are compelled by Law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges, or withholdings (collectively, the “Required Deductions”), the Borrowers will pay to the Bank an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions and (ii) the aggregate amount of United States, federal or state income taxes required to be paid by the Bank in respect of the Required Deductions.

  • If the Lender is compelled by Law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges or withholdings (collectively, the "Required Deductions"), the Borrowers will pay to the Lender an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions, and (ii) the aggregate amount of United States, federal or state income taxes required to be paid by the Lender in respect of the Required Deductions.

  • If the Borrower is compelled by Law to deduct any such taxes or to make any such other deductions, charges, or withholdings (collectively, the "Required Deductions"), the Borrower will pay to the Agent for the ratable benefit of the Banks an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions and (ii) the aggregate amount of United States federal or state income taxes required to be paid by the Banks in respect of such Required Deductions.

  • If the Borrower is compelled by Law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges, or withholdings (collectively, the "Required Deductions"), the Borrower will pay to the Lender an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions and (ii) the aggregate amount of United States, federal or state income taxes required to be paid by the Lender in respect of the Required Deductions.

  • Required Deductions (a) (i) Effective June 1, 2021 until May 31, 2024, the Employer agrees to deduct from the wages of each Employee for each hour worked by the Employees covered by this Agreement, the following sums: Effective June 1, 2021 to May 31, 2022 Two Dollars ($2) per hour.

  • The Company shall pay Employee an amount equal to five (5) months (the “Severance Period”) of Employee’s regular base salary in effect on the Separation Date, minus the Required Deductions (as defined below) (the “Severance Amount”).

  • If the Borrower is compelled by Law to deduct any such taxes or levies (other than such excluded taxes) or to make any such other deductions, charges, or withholdings (collectively, the “Required Deductions”), the Borrower will pay to the Bank an additional amount equal to the sum of (i) the aggregate amount of all Required Deductions and (ii) the aggregate amount of United States, federal or state income taxes required to be paid by the Bank in respect of the Required Deductions.

  • The Company shall pay Employee an amount equal to twenty (20) weeks (the “Severance Period”) of Employee’s regular base salary in effect on the Separation Date, minus the Required Deductions (as defined below) (the “Severance Amount”).

  • Required Deductions (a) (i) Effective June 1, 2017 until May 31, 2021, the Employer agrees to deduct from the wages of each Employee for each hour worked by the Employees covered by this Agreement, the following sums: Effective June 1, 2017 to May 31, 2018 One Dollar ($1) per hour.

  • The Company shall pay Employee an additional lump sum amount of $48,600, minus the Required Deductions (as defined below) (the “Additional Severance Amount”).


More Definitions of Required Deductions

Required Deductions as defined in Clause 33.6.6 (Monthly Reconciliations);
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Required Deductions means as set forth in Section 3(b) hereof.
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Required Deductions shall have the meaning set forth in Section 3.7 hereof. "Reset Date" means the fifth (5th) anniversary of the Closing Date.
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Required Deductions means deductions and retentions of or on account of Tax as each Group Company was or is obliged or entitled to make in connection with all payments made by it during the ordinary course of business.
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Required Deductions is defined in Section 2.08(a) hereof.
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Related to Required Deductions

  • 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:

  • 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.

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

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

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).