Common use of Accounts Receivable Election Clause in Contracts

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. At The Purchaser and the Buyer’s option, Buyer and Company will Vendor shall with respect to the accounts receivable jointly execute in prescribed form and file 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 ), and any equivalent provision under applicable provincial tax legislation, and shall designate therein the portion of the Purchase Price allocated to the accounts receivable as contemplated in thereto under Section 2.6 3.8 of this Agreement as the consideration paid therefor by Buyerthe Purchaser to the Vendor.

Accounts Receivable Election. At the Buyer’s option, Buyer and Company Seller will jointly execute in prescribed form (such form as mutually and reasonably agreed between Buyer and Seller) 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. At the Buyer’s option, Buyer and Company will Seller shall, at the Closing, jointly execute in prescribed form an election elections under Section 22 subsection 22(1) of the Income Tax Act (Canada) with in the form prescribed for such purpose in respect to of the accounts receivable of sold by Seller to Buyer pursuant to the Business included in the Acquired AssetsAgreement. Such election will shall designate the portion portions of the Purchase Price allocated in accordance with Schedule 4.7 to the such accounts receivable as contemplated in Section 2.6 as the consideration paid therefor by BuyerBuyer to Seller for the accounts receivable under this Agreement.