ETA Election Sample Clauses
ETA Election. The Buyer and the Seller shall, on the Closing Date, elect jointly under subsection 167(1) of the ETA, and under any similar provision of any applicable provincial legislation, in the form prescribed for the purposes of that provision, in respect of the sale and transfer of the Purchased Assets hereunder, and the Buyer shall file such election with the Canada Customs and Revenue Agency on the Closing Date.
ETA Election. The Purchaser and the Vendor shall, on the Closing Date, elect jointly under subsection 167(1) of the ETA, in the form prescribed for the purposes of that subsection, in respect of the sale and transfer of the Purchased Assets hereunder. The Purchaser shall file such election with Revenue Canada, Excise not later than the day on which it is required to file its GST return for its reporting period which includes the Closing Date.
ETA Election. The Parties will use their commercially reasonable efforts in good faith to minimize any taxes payable under the ETA in respect of the sale and transfer of the Purchased Assets hereunder by, making a joint election under Section 167 of the ETA, if applicable, and under any similar provision of any applicable provincial legislation, in the form prescribed for the purposes of that provision and the Purchaser shall file such election with the Canada Revenue Agency within the prescribed time periods. The Real Property Purchasers will provide the Vendor with a GST Undertaking and Indemnity at Closing.
ETA Election. The Purchaser and the Vendor shall elect jointly under s. 167(1) of the Excise Tax Act (Canada), in the form prescribed for the purpose of that subsection, in respect of the sale and transfer of the Assets hereunder, and the Purchaser shall file such election not later than the deadline for filing its GST return for its reporting period that includes the Completion Date.
ETA Election. The Purchaser and the Vendor shall elect jointly under subsection 167(1) of the ETA, in the form prescribed for the purposes of that provision, in respect of the sale and transfer hereunder of the Purchased Assets, to the extent available, in respect of which GST would otherwise be payable, and the Purchaser shall file such election with the Canada Revenue Agency on or before the time specified in subsection 167(1.1) of the ETA for this purpose.
ETA Election. If applicable, at the Closing the Purchaser and the Vendor shall execute jointly an election under subsection 167(1) of the ETA to have the sale of the Purchased Assets take place on a GST/HST-free basis under the ETA. The Purchaser shall file the election in the manner and within the time prescribed by the relevant legislation. Notwithstanding anything to the contrary in this Agreement, the Purchaser shall indemnify and hold the Vendor harmless in respect of any GST/HST, penalties, interest and other amounts which may be assessed against the Vendor as a result of the transactions under this Agreement not being eligible for such election or as a result of the Purchaser’s failure to file the election within the prescribed time.
ETA Election. The Purchaser and the Vendor shall, within 60 days of the Closing Date, elect jointly under subsection 167(1) of the ETA, in the form prescribed for the purposes of that subsection, in respect of the sale and transfer of the Purchased Assets hereunder. The Purchaser shall file such election with Revenue Canada, Excise not later than the day on which it is required to file its GST return for its reporting period which includes the Closing Date.
ETA Election. 20 3.7........... Transfer Taxes........................................................................................ 20 3.8........... Income Tax Election............................................................................... 20
ETA Election. The Purchaser and the Vendor shall elect jointly under ss.167(1) of the ETA that no tax be payable pursuant to the ETA with respect to the sale of the Purchased Assets pursuant to this Agreement. The election shall be in the form prescribed for the purposes of that Subsection; and, the Vendor shall file such election in its GST return for its reporting period that includes the Closing Date.
ETA Election. MDA and Can AcquisitionCo shall elect jointly under subsection 167(1) of the ETA, in the form prescribed for the purposes of those provisions to elect that GST not apply in respect of the sale and transfer of the Richmond Assets and Can AcquisitionCo and MDA shall file such election in its GST returns for the reporting period that includes the Closing Date.