Accounts Receivable Election. At the Buyer’s option, Buyer and Company will jointly execute in prescribed form an election under Section 22 of the Income Tax Act (Canada) with respect to the accounts receivable of the Business included in the Acquired Assets. Such election will designate the portion of the Purchase Price allocated to the accounts receivable as contemplated in Section 2.6 as the consideration paid therefor by Buyer.
Accounts Receivable Election. In accordance with the requirements of the Income Tax Act (Canada), the regulations thereunder, the administrative practice and policy of the Canada Revenue Agency and any applicable equivalent or corresponding provincial or territorial legislative, regulatory and administrative requirements, Seller and Buyer shall make and file, in prescribed form and in a timely manner, a joint election to have the rules in Section 22 of the Income Tax Act (Canada), and any equivalent or corresponding provision under applicable provincial or territorial Tax legislation, apply in respect of the Accounts Receivable, and shall designate therein that portion of the Purchase Price allocated to the Accounts Receivable.
Accounts Receivable Election. 62 8.9 Canadian Sales and Transfer Taxes........................63
Accounts Receivable Election. Upon finalization of the Closing Balance Sheets, the Canadian Buyer and the Canadian Seller shall, pursuant to Section 22 of the Income Tax Act (Canada), jointly elect to have the provisions of Section 22 apply to the purchase and sale of those receivables that are part of the Canadian Assets by completing form T2022. This form will be filed by the Canadian Buyer pursuant to Section 22 of the Income Tax Act (Canada).
Accounts Receivable Election. 69 Section 7.11. Remedy Exclusive..........................................69
Accounts Receivable Election. To the extent relevant ----------------------------- conditions are met, the Buyers and the Seller shall, with respect to any accounts receivable transferred as part of the Transferred Assets, jointly execute and file an election under Section 22 of the Income Tax Act (Canada), and any equivalent Canadian provincial tax legislation, and shall designate therein the portion of the Purchase Price allocated thereto in Schedule 2.1 hereof as the consideration paid by the Buyers to the Seller.
Accounts Receivable Election. MDA and Can AcquisitionCo will elect jointly in the prescribed form and manner under Section 22 of the ITA as to the sale of the accounts receivable and other assets that are described in Section 22 of the ITA and to designate in such elections an amount equal to the portion of the Purchase Price allocated to such assets pursuant to Section 2.5(a) as the consideration paid by Can AcquisitionCo therefor.
Accounts Receivable Election. The Buyer and Scepter shall elect jointly in the prescribed form under section 22 of the Income Tax Act (Canada) and under any similar provision of any other applicable provincial legislation as to the sale of the Accounts Receivable forming part of the Purchased Assets and described in section 22 of the Income Tax Act (Canada), and shall in that election allocate an amount equal to the portion of the Purchase Price allocated to those assets pursuant to the Allocation Schedule as the consideration paid by the Buyer for those assets. The Buyer and Scepter shall file such election forms, along with any documentation necessary or desirable to give effect to such election, with CRA and any other appropriate provincial taxation authority within the prescribed time limits.
Accounts Receivable Election. If applicable, the Buyer and Sonoco Canada shall elect jointly in the prescribed form under section 22 of the Income Tax Act (Canada) (the “Tax Act”) and the equivalent or corresponding provisions of any applicable provincial Tax statute, if applicable, as to the sale of those accounts receivable, if any, included in the portion of the Purchased Assets of which Sonoco Canada has rights, title and interest to (the “Sonoco Canada Purchased Assets”) in a manner consistent with the portion of the Purchase Price allocated to such accounts receivable pursuant to Section 2.9. This election shall be made within the time prescribed by the Tax Act for such elections.
Accounts Receivable Election. Each of the Space Purchaser and the Electronics Purchaser and the Vendor agree to elect jointly in the prescribed form and manner under Section 22 of the Tax Act (and sections 184 and 185 of the Taxation Act (Quebec)) as to the sale of the accounts receivable and other assets that are referred to in subsection 2.1(f) hereof and described in Section 22 of the Tax Act (and section 184 of the Taxation Act (Quebec)) and to designate in such elections an amount equal to the portion of the Purchase Price allocated to such assets pursuant to Section 3.5 as the consideration paid by the applicable Purchaser therefor.
