Trade Deductions definition

Trade Deductions means all chargebacks (including the processing thereof), rebates, per unit rebates, shelf-stock adjustments related to pricing actions taken before the Closing Date, and any other customary deductions that customers take or report in the ordinary course of business after the Closing Date related to sales of Approved Products that occurred prior to or on the Closing Date, in each case as calculated in accordance with the Trade Deductions Principles.
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Examples of Trade Deductions in a sentence

  • Seller has prepared and delivered to Purchaser the statement attached as Exhibit L (the “Estimated Closing Trade Deductions Statement”), setting forth Seller’s reasonable, good faith estimate of the book value of the Trade Deductions (“Estimated Closing Trade Deductions”) calculated in accordance with the principles set forth on Schedule I-2 (the “Trade Deductions Principles”).

  • The term “Closing Consideration” means (a) $52,500,000, plus (b) the Estimated Closing Inventory, less (c) the Estimated Closing Trade Deductions, less (d) the Escrow Amounts, less (e) the Closing Debt.

  • Within one hundred and fifty (150) days after the Closing Date, Purchaser shall prepare and deliver to Seller a statement (the “Final Closing Trade Deductions Statement”), setting forth Purchaser’s determination of book value of the Trade Deductions calculated in accordance with the Trade Deductions Principles (the “Closing Trade Deductions”).

Related to Trade Deductions

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

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

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

  • Partner Nonrecourse Deductions means any and all items of loss, deduction or expenditure (including any expenditure described in Section 705(a)(2)(B) of the Code) that, in accordance with the principles of Treasury Regulation Section 1.704-2(i), are attributable to a Partner Nonrecourse Debt.

  • Member Nonrecourse Deductions has the meaning of “partner nonrecourse deductions” set forth in Treasury Regulations Sections 1.704-2(i)(1) and 1.704-2(i)(2).