Additional Amounts definition: Copy, customize, and use instantly
Introduction
The term "Additional Amounts" refers to payments made to ensure that the recipient receives the full amount due without deductions for taxes, fees, or other charges. It is essential for ensuring that contractual obligations are met in full, protecting parties from financial shortfalls, and maintaining compliance with tax and regulatory frameworks.
Below are various examples of how "Additional Amounts" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Additional Amounts" as tax gross-ups
This definition ties "Additional Amounts" to covering tax liabilities.
"Additional Amounts" means any amounts required to be paid by the obligor to compensate the payee for any withholding taxes, deductions, or levies imposed by a taxing authority.
Definition of "Additional Amounts" as indemnification for deductions
This definition connects "Additional Amounts" to indemnifying deductions from payments.
"Additional Amounts" refers to payments made to ensure that the recipient receives the full agreed-upon sum, free from any deductions or withholdings required by law.
Definition of "Additional Amounts" as reimbursement for regulatory fees
This definition links "Additional Amounts" to covering mandatory fees.
"Additional Amounts" means any sums paid to reimburse the recipient for regulatory charges, licensing fees, or compliance costs deducted from the original payment.
Definition of "Additional Amounts" as compensation for banking fees
This definition applies "Additional Amounts" to bank-related charges.
"Additional Amounts" refers to payments made to offset transaction fees, wire transfer costs, or banking charges incurred during the payment process.
Definition of "Additional Amounts" as recovery for increased costs
This definition ties "Additional Amounts" to compensation for rising expenses.
"Additional Amounts" means any payment required to compensate the payee for increased costs due to changes in law, taxation, or regulatory requirements.
Definition of "Additional Amounts" as protection from currency fluctuations
This definition connects "Additional Amounts" to exchange rate risks.
"Additional Amounts" refers to sums payable to ensure that currency fluctuations do not reduce the net amount received by the payee.
Definition of "Additional Amounts" as compensation for withholding tax exposure
This definition links "Additional Amounts" to taxes imposed on cross-border payments.
"Additional Amounts" means any payment necessary to compensate a recipient for taxes withheld at the source by the payer’s jurisdiction.
Definition of "Additional Amounts" as coverage for treaty-related tax liabilities
This definition applies "Additional Amounts" to international tax treaties.
"Additional Amounts" refers to sums payable to ensure compliance with tax treaties and prevent a reduction in the recipient’s net payment due to withholding taxes.
Definition of "Additional Amounts" as reimbursement for interest or penalties
This definition ties "Additional Amounts" to covering late-payment consequences.
"Additional Amounts" means any sums payable to reimburse the payee for interest, fines, or penalties incurred due to tax or regulatory withholding.
Definition of "Additional Amounts" as indemnification for governmental levies
This definition connects "Additional Amounts" to covering government-imposed costs.
"Additional Amounts" refers to payments made to indemnify the payee against government-imposed levies, duties, or assessments on received funds.
Definition of "Additional Amounts" as compensation for changes in law
This definition links "Additional Amounts" to adjustments in legal obligations.
"Additional Amounts" means any additional payments required to ensure the recipient receives the full amount due, despite changes in tax or regulatory laws.
Definition of "Additional Amounts" as reimbursement for treaty benefits denial
This definition applies "Additional Amounts" to tax treaty limitations.
"Additional Amounts" refers to sums payable when a recipient is denied treaty benefits and is subject to higher tax rates.
Definition of "Additional Amounts" as protection against net-payment reductions
This definition ties "Additional Amounts" to maintaining the agreed net payment.
"Additional Amounts" means any payment required to ensure that the recipient receives the exact contractual amount, without deductions for charges or levies.
Definition of "Additional Amounts" as indemnification for third-party withholdings
This definition connects "Additional Amounts" to covering third-party deductions.
"Additional Amounts" refers to payments made to compensate for amounts deducted by intermediaries, agents, or financial institutions.
Definition of "Additional Amounts" as coverage for tax liabilities on dividends
This definition ties "Additional Amounts" to withholding taxes on dividends.
"Additional Amounts" means any payments required to cover withholding taxes on dividends or other distributions made under this agreement.
Definition of "Additional Amounts" as compensation for income tax withholdings
This definition connects "Additional Amounts" to income tax deductions.
"Additional Amounts" refers to payments made to cover income tax withholdings or deductions required by the jurisdiction of the payor.
Definition of "Additional Amounts" as reimbursement for excise taxes
This definition links "Additional Amounts" to excise taxes incurred.
"Additional Amounts" means sums payable to reimburse the recipient for excise taxes levied on the payment or transaction.
Definition of "Additional Amounts" as payments for compliance-related fees
This definition applies "Additional Amounts" to compliance-related expenses.
"Additional Amounts" refers to any fees or payments made to cover the costs associated with meeting compliance requirements under local or international law.
Definition of "Additional Amounts" as coverage for enhanced reporting fees
This definition ties "Additional Amounts" to reporting-related costs.
"Additional Amounts" means payments made to cover any additional costs incurred due to enhanced financial reporting or disclosure requirements.
Definition of "Additional Amounts" as indemnification for foreign exchange losses
This definition connects "Additional Amounts" to foreign exchange risks.
"Additional Amounts" refers to payments required to compensate for any losses incurred due to currency devaluation or exchange rate fluctuations.
Definition of "Additional Amounts" as payments for penalties due to non-compliance
This definition links "Additional Amounts" to penalties for non-compliance with contractual terms.
"Additional Amounts" means sums payable to cover any penalties or fees imposed as a result of non-compliance with agreed-upon terms.
Definition of "Additional Amounts" as compensation for VAT/GST payments
This definition applies "Additional Amounts" to value-added taxes (VAT) or goods and services taxes (GST).
"Additional Amounts" refers to payments made to ensure that the recipient is compensated for VAT or GST charges incurred on the transaction.
Definition of "Additional Amounts" as protection against import/export duties
This definition ties "Additional Amounts" to customs duties.
"Additional Amounts" means any payments required to cover import or export duties on goods or services under the contract.
Definition of "Additional Amounts" as reimbursement for customs clearance charges
This definition connects "Additional Amounts" to customs-related expenses.
"Additional Amounts" refers to sums paid to cover charges related to the customs clearance process of goods or services.
Definition of "Additional Amounts" as payments to cover penalty interest
This definition links "Additional Amounts" to interest penalties for late payments.
"Additional Amounts" means any sums payable to cover penalty interest incurred due to delayed payments or failure to settle within the agreed timeline.
Definition of "Additional Amounts" as indemnification for transfer pricing adjustments
This definition applies "Additional Amounts" to transfer pricing-related adjustments.
"Additional Amounts" refers to payments required to indemnify the payee for additional costs incurred due to transfer pricing adjustments imposed by tax authorities.
Definition of "Additional Amounts" as payments to offset underpayment of taxes
This definition ties "Additional Amounts" to tax underpayment.
"Additional Amounts" means any sums required to offset the underpayment of taxes imposed on the transaction by local, national, or international tax authorities.
Definition of "Additional Amounts" as coverage for local service charges
This definition connects "Additional Amounts" to charges for local services.
"Additional Amounts" refers to payments made to cover local service charges incurred during the execution of the agreement.
Definition of "Additional Amounts" as protection against negative tax developments
This definition links "Additional Amounts" to changes in the tax landscape.
"Additional Amounts" means payments necessary to protect the payee from any negative tax consequences resulting from legislative changes after the agreement date.
Definition of "Additional Amounts" as reimbursement for employee-related tax burdens
This definition applies "Additional Amounts" to employee tax-related costs.
"Additional Amounts" refers to any payments required to compensate employees for any taxes levied on their compensation or benefits in excess of the contracted amount.
Definition of "Additional Amounts" as compensation for additional transaction taxes
This definition ties "Additional Amounts" to extra taxes on transactions.
"Additional Amounts" means any sums payable to compensate for transaction taxes that were not accounted for in the initial terms of the agreement.
Definition of "Additional Amounts" as reimbursement for foreign withholding obligations
This definition connects "Additional Amounts" to foreign withholding obligations.
"Additional Amounts" refers to payments made to compensate the recipient for withholding tax obligations imposed by foreign governments on payments made under this agreement.
Definition of "Additional Amounts" as payments to offset increase in operational costs
This definition links "Additional Amounts" to operational cost increases.
"Additional Amounts" means payments required to offset increases in operational costs due to unforeseen events or changes in the business environment.
Definition of "Additional Amounts" as protection against export restrictions
This definition applies "Additional Amounts" to export-related restrictions.
"Additional Amounts" refers to payments made to protect the payee from any increased costs or restrictions on exports that may arise during the contract term.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.