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

Appears in 1 contract

Samples: Agreement (International Menu Solutions Corp)

ETA Election. The Purchaser Buyer and the Vendor Seller shall, on the Closing Date, elect jointly under subsection 167(1) of the ETA ETA, and corresponding 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 elections election with Canada Revenue Agency, and provide Seller with proof of receipt by Canada Revenue Agency or (and by the appropriate Governmental Authority not later than provincial taxing authority, where applicable) of the last day on which it is required to file its first return for its reporting period which includes the Closing Datereceipt of such election.

Appears in 1 contract

Samples: Asset Purchase Agreement (Watsco 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 ETA, and corresponding 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 elections election with the Canada Customs and Revenue Agency or the appropriate Governmental Authority not later than the last day on which it is required to file its first return for its reporting period which includes the Closing Date.

Appears in 1 contract

Samples: Asset and Share Purchase Agreement (Dreamlife 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 corresponding provincial legislationETA, 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 elections election with Canada Revenue Agency or the appropriate Governmental Authority Canada, Excise not later than the last day on which it is required to file its first GST return for its reporting period which includes the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Petroleum Place Inc)

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