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. Seller and Purchaser will, on or before the Closing Date, jointly execute an election in the prescribed form and containing the prescribed information, to have subsection 167(1.1) of the ETA apply to the sale and purchase of the Acquired Assets hereunder so that no tax is payable in respect of such sale and purchase under Part IX of the ETA. Purchaser will file such elections with the appropriate Taxing Authority within the time prescribed by the ETA. Purchaser will indemnify and save harmless Seller for all liabilities, claims, expenses or losses (including legal fees and disbursements) as a result of Seller not collecting or remitting any tax under Part IX of the ETA in respect of the sale of the Acquired Assets, or because of Purchaser’s failure to file the above elections in a timely fashion.
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 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. Each of the Electronics Purchaser and the Space Purchaser and the Vendor shall elect jointly under subsection 167(1) of the ETA and Section 75 of an Act respecting Quebec Sales Tax, in the form prescribed for the purposes of those provisions to elect that GST and QST not apply in respect of the sale and transfer of the Purchased Assets purchased by such Purchaser hereunder and such Purchaser shall file such election in its GST and/or QST returns for the reporting period that includes the Closing Date. Each of the Electronics Purchaser and the Space Purchaser shall severally indemnify and save harmless the Vendor from and against any GST, QST, interest and penalties imposed on the Vendor as a result of any failure by a tax authority to accept any such election in respect of such Purchased Assets. Without limiting the generality of the foregoing if the Vendor receives any demand, assessment or request by the appropriate Governmental Authority to remit GST or QST in respect of all or any part of this transaction, the Space Purchaser and the Electronics Purchaser shall immediately without any set-off, deduction or other reduction whatsoever, pay to the Vendor the amount of such payment including any applicable interest or penalties.
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 subsection, in respect of the sale and transfer of the Purchased Assets hereunder, and the Purchaser shall file such election in its GST return for its reporting period that includes the Closing Date.
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. 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.
