Bare Trust. Notwithstanding anything else in this Agreement, the parties acknowledge that the trust established under this Agreement is intended to be treated as a bare trust for Canadian federal income tax purposes. Accordingly, the parties to this Agreement agree not to make any Canadian tax filing or take any Canadian tax position that is inconsistent with the treatment of the trust as a bare trust. For the avoidance of doubt, none of the Trustee, the Certificate Administrator or any other party to this Agreement is responsible for any Canadian tax administration, or has any liability for any Canadian tax consequences.
Bare Trust. 40 2.6 Duration of the CBA Trust.......................................40 2.7 Early Termination of the CBA Trust..............................40 2.8 Dealing with CBA Trust Assets of the Series Trust...............40 2.9 Proceeds........................................................40 2.10 CBA Trust Not Part of Assets of the Series Trust................41 2.11
Bare Trust. The Trustee holds each CBA Trust Asset in relation to a Seller on bare trust for that Seller in accordance with clause 2.2.
Bare Trust. 1.01 Notwithstanding that the Trustee is the legal owner of the Property (the “Trust Property”), the Trustee hereby acknowledges, confirms and declares that their right, interest and title in the Trust Property that they now have is held as bare trustee.
Bare Trust. Notwithstanding any other provisions of these Terms and/or of the Estate Terms (as applicable):
