Less Sample Clauses

Less the aggregate of the amounts of the Refunds made by the Licensee or on its behalf, and Accepted for Clearing by RSP, during that Settlement Period (together with any applicable VAT);

Less. (a) Finished Goods and Raw Materials not located at approved locations (b) Obsolete, slow moving, or not merchantable (c) Otherwise ineligible

Less. Ineligible accounts as of the Calculation Date(1) (1) No deduction in the gross amount of any account shall be required to be duplicated pursuant to any subsection below notwithstanding that the facts or circumstances giving rise to such deduction require deduction under more than one subsection. (i) Accounts that are not binding and valid obligations of the obligor in full force and effect $ (ii) Accounts that are not evidenced by an invoice which has been issued to the obligor (either by (A) electronic transmission, (B) deposit in the United States mail, properly addressed and with postage paid, or (C) deposit with a commercial courier service for delivery not later than the 2nd Business Day) $ (iii) Accounts that are not genuine as appearing on their face or as represented in the books and records of Borrower $ (iv) Accounts that are not free from claims regarding rescission, cancellation or avoidance, whether by operation of law or otherwise $ (v) Accounts that have been outstanding for more than ninety (90) days past the original invoice date thereof $ (vi) The aggregate amount of all concessions, offsets, deductions, contras, chargebacks or understandings with any obligor on any account that in any way could reasonably be expected to adversely affect the payment of such account $ (vii) Accounts that are not subject to a first- priority perfected Lien in favor of the Administrative Agent, on behalf of the Lenders, or are subject to any other Lien other than rights of vendors arising under PACA but only to the extent no amounts owed such vendors is past due $ (viii) The aggregate amount of all accounts payable and other amounts owed by Borrower to the obligor (and Affiliates of the obligor) on any account $ (ix) Accounts that are owed by an obligor that is (A) an Affiliate of any of the Credit Parties (other than commodities trading subsidiaries of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇), or (B) an employee of any of the Credit Parties $ (x) Accounts that did not arise out of the sale of goods in the ordinary course of business of Borrower $ (xi) Accounts that are payable by a delinquent obligor; a Person is a “delinquent obligor” if more than fifty percent (50%) of the aggregate amount of the accounts owed by such obligor and its Affiliates to Borrower have been outstanding for more than ninety (90) days past the original invoice date thereof $ (xii) Accounts that lack any or all consents, licenses, approvals or authorizations of, or registrations or declarations with, any G...

Less. Insurance Cover, provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of the Debt Due.

Less any Withdrawals and applicable Withdrawal Charges deducted from the General Account options;

Less the Licensee's Fee together with any applicable VAT;

Less amounts applied from time to time during the immediately preceding Collection Period in making payment of certain monies which properly belong to third parties (including the Seller) such as (but not limited to):

Less. (a) Finished Goods and Raw Materials not located at approved locations (b) Obsolete, slow moving, or not merchantable (c) Otherwise ineligible Total Deductions (sum of lines I.B.2(a) through I.B.2(c))

Less any Withdrawals and applicable Withdrawal Charges deducted from the General Account Contract Value; 2. any Transfers from the General Account Contract Value to the Separate Account; 3. any applicable Premium Taxes; 4. any Annual Administrative Fee deducted from General Account Contract Value; 5. any General Account Contract Value which is applied to any of Annuity Options 1 through 4, 7 and 8; and 6. any Annuity Payments made from General Account Contract Value under Annuity Options 5 and 6. GV6023E (1-98) -10- BP 6023F1 -------------------------------------------------------------------------------- CONTRACT VALUE AND EXPENSE PROVISIONS (Continued) -------------------------------------------------------------------------------- GENERAL ACCOUNT INTEREST CREDITING The Company shall credit interest on General Account Contract Value at an annual rate at least equal to the Minimum Guaranteed Rate shown on page 3. Also, the Company may in its sole judgment credit Current Interest at a rate in excess of the Minimum Guaranteed Rate. The Company may credit Current Interest on Contract Value that was allocated or Transferred to the General Account during one period at a different rate than amounts allocated or Transferred to the General Account in another period. Therefore, at any time, portions of General Account Contract Value may be earning Current Interest at different rates based upon the period during which such portions were allocated or Transferred to the General Account. SEPARATE ACCOUNT CONTRACT VALUE On any Valuation Date, the Separate Account Contract Value is the sum of the then current value of the Accumulation Units allocated to each Series for the Participant Account. ACCUMULATION UNIT VALUE The initial Accumulation Unit Value for each Series was set at $10. The Accumulation Unit Value for any subsequent Valuation Date is equal to (1) multiplied by (2) where: