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Any and all payments by the Guarantor hereunder will be made free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding income or franchise taxes imposed on AAA's net income by the jurisdiction under the laws of which AAA is organized or any political subdivision thereof or by the jurisdiction of AAA's lending office or any political subdivision thereof.

任何和所有款项由担保人下文将自由和明确的和不扣除任何和所有现在或将来的税收，征税， imposts ，扣除费用，或扣，和所有方面的负债情况，但不包括特许经营收入或征收对AAA级的净收入的管辖权的法律，其中AAA级的组织或任何政治分支机构或管辖范围内的AAA级的贷款办公室或任何政治分支机构。

The gross domestic product of commercial activities, i.e. excluding invisibles, services, etc.

国内生产总值中的商业活动部分，即不包括无形贸易和劳务等。

Commercial, commercialized GDP The gross domestic product of commercial activities, i.e. excluding invisibles, services, etc.

国内生产总值中的商业化部分国内生产总值中的商业活动部分，即不包括无形贸易和劳务等。

Through practice we know that when the thickness of polyformaldehyde layer is proper (excluding the thickness of polyformaldehyde between the large-grained copper powder and screw copper nails), it has a good comprehensive ability of load-bearing, friction and wear endurance and creep resistance.

我们通过实践了解到，聚甲醛层在适宜的厚度适宜（不含嵌入到大颗粒铜粉及螺旋铜钉间隙内聚甲醛厚度）时，其承载能力、摩擦磨损性能和抗蠕变能力的综合特性较好。

Through practice we know that when the thickness of polyformaldehyde layer is proper (excluding the thickness of polyformaldehyde between the large-grained copper powder and screw copper nails), it has a good comprehensive ability of load-bearing, friction and wear endurance and creep resistance.

我们通过实践了解到，聚甲醛层在适宜的厚度时（不含嵌入到大颗粒铜粉及螺旋铜钉间隙聚甲醛厚度，其承载能力、摩擦磨损性能和抗蠕变能力的综合特性较好。

Engaging in auto financing lease business excluding leaseback business

提供汽车融资租赁业务

Over the years, we've been Woody-like in our thinking, attempting to increase our marketable investments in wonderful businesses, while simultaneously trying to buy similar businesses in their entirety. The following table illustrates our progress on both fronts. In the tabulation, we show the marketable securities owned per share of Berkshire at ten-year intervals. A second column lists our per-share operating earnings (before taxes and purchase-price adjustments but after interest and corporate overhead) from all other activities. In other words, the second column shows what we earned excluding the dividends, interest and capital gains that we realized from investments. Purchase-price accounting adjustments are ignored for reasons we have explained at length in previous reports and which, as an act of mercy, we won't repeat. We'll be glad to send masochists the earlier explanations, however.

多年来，我们的看法一直与伍迪一致，在努力增加我们非凡企业的投资部位的同时，也试着买下一些同样优秀企业的全部所有权，下表充分显示了我们在这两方面的进展，表中列示出在十年间Berkshire每股所拥有的股票价值以及每股在扣除利息与营业费用之后来自其它活动的营业利益(但未扣除所得税与购买法会计调整数)，换言之，后者所代表的是在扣除我们从股票投资所得的股利、利息收入与资本利得之后的盈余收益，至于购买法会计调整数不列入的原因，在以前的年报中，我们已经花了相当的篇幅解释过了，在这个地方我们就不再重复了，当然如果你有被虐待的倾向的话，我们也不介意再复述一次。

At that time we expected profit at the mid-point of the range to be $0.50 per share, or $1.25 excluding redundancy costs.

在那个时候我们的预期利润的中点范围是每股0.50美元，或1.25美元排除冗余成本。

The strength of this study arises from the fact that all the patients had repeated neuroimaging documenting recovery, ensuring the diagnosis of RPLS and excluding mimickers.

鉴于患者通过复查神经影像学发现病灶消失可确定可逆性后部白质脑病综合征的诊断并排除其它的鉴别诊断这一事实，本研究显得尤为重要。

New vehicle sales, excluding minicars, climbed 2.3 percent from a year earlier to 198,265 units, an industry report showed.

一份工业报告显示，包括小汽车在内的新的车辆销量同比增加了19.8265万辆，增幅为2.3%。

In the United States, chronic alcoholism and hepatitis C are the most common ones.

在美国，慢性酒精中毒，肝炎是最常见的。

If you have any questions, you can contact me anytime.

如果有任何问题，你可以随时联系我。