Common use of ETA Election Clause in Contracts

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.

Appears in 1 contract

Samples: Asset Purchase Agreement (International Menu Solutions Corp)

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ETA Election. The Purchaser Buyer and the Vendor 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 subsectionprovision, in respect of the sale and transfer of the Purchased Assets hereunder. The Purchaser , and Buyer shall file such election with Canada Revenue CanadaAgency, Excise not later than and provide Seller with proof of receipt by Canada Revenue Agency (and by the day on which it is required to file its GST return for its reporting period which includes provincial taxing authority, where applicable) of the Closing Datereceipt of such election.

Appears in 1 contract

Samples: Asset Purchase Agreement (Watsco Inc)

ETA Election. The Vendor and Purchaser and the Vendor shall, on the Closing Dateclosing 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 the Canada Revenue Canada, Excise Agency not later than the day on which it is required to file its GST GST/HST return for its reporting period which includes the Closing Dateclosing date and shall provide evidence of such filing to the Vendor.

Appears in 1 contract

Samples: Asset Purchase Agreement

ETA Election. The Purchaser and the Vendor shall, on the Closing Date, elect jointly under subsection 167(1) of the ETAETA and corresponding provincial legislation, 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 elections with Canada Revenue Canada, Excise Agency or the appropriate Governmental Authority not later than the last day on which it is required to file its GST first return for its reporting period which includes the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Eagle Outfitters Inc)

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ETA Election. The Purchaser Buyer and the Vendor Seller 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 Acquired Assets hereunder. The Purchaser Buyer 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.

Appears in 1 contract

Samples: Asset Purchase Agreement (Petroleum Place Inc)

ETA Election. The Purchaser Buyer and the Vendor 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 subsectionprovision, in respect of the sale and transfer of the Purchased Assets hereunder. The Purchaser , and the Buyer shall file such election with the Canada Customs and Revenue Canada, Excise not later than the day Agency on which it is required to file its GST return for its reporting period which includes the Closing Date.

Appears in 1 contract

Samples: Asset and Share Purchase Agreement (Dreamlife Inc)

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