GST Election. The Vendors and the Purchaser shall elect jointly pursuant to the provisions of Subsection 167(1) of the Excise Tax Act by completing at or prior to Closing all prescribed forms and related documents in such manner as is prescribed, so that for purposes of the Excise Tax Act, no GST is payable in respect of the purchase and sale of the Assets. The Purchaser covenants that, at or immediately subsequent to the Time of Closing, it will file with Revenue Canada, Customs and Excise, the joint election made under Section 167 of the Excise Tax Act by registered mail and will provide the Vendors with written confirmation of such filing.
GST Election. Seller agrees to jointly elect with the Buyer under section 167 of the Excise Tax Act (Canada) to have subsection 167(1.1) of the Excise Tax Act (Canada) applied to the sale under this Agreement. Buyer will file such elections in the manner and within the time prescribed by the Excise Tax Act (Canada).
GST Election. Canadian Sub and Columbia House Canada shall jointly elect under subsection 167(1) of Part IX of the Excise Tax Act (Canada) and any provincial legislation imposing a similar value added or multi-staged tax, that no tax be payable with respect to the transfer and acquisition of the Business Assets pursuant to this Agreement. Canadian Sub and Columbia House Canada shall make such election in the prescribed form containing prescribed information pursuant to the Excise Tax Act and any provincial legislation imposing a similar value added or multi-staged tax, and Canadian Sub shall file the joint election in compliance with the requirements of the Excise Tax Act and any provincial legislation imposing a similar value added or multi-staged tax.
GST Election. On the Closing Date the Purchaser and the Vendor shall make a joint election contemplated under section 167 of the EXCISE TAX ACT (Canada). Purchaser shall file such election in the manner and within the time prescribed by the said Act and shall indemnify and hold harmless Vendor from and against any Losses suffered by Vendor in the event such election has not been validly made or filed.
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GST Election. At the Closing, Buyer and Seller shall execute jointly an ------------ election under Section 167 of the Excise Tax Act (Canada) to have the sale of the Assets take place on a GST-fee basis under Part IX of the Excise Tax Act (Canada) and Buyer shall file such election with its GST return for the reporting period in which the sale of the Assets takes place.
GST Election. If available, the parties shall execute and file an election as to the payment of GST in respect of the transactions contemplated hereby.
GST Election. The Buyer and the Seller shall elect jointly pursuant to the provisions of subsection 167(1) of the Canadian Excise Tax Act and section 75 of the Quebec Sales Tax Act (collectively, the "Excise Act"), by completing and filing all prescribed forms and related documents in such manner and at such time as is prescribed, that for the purposes of the Excise Act, no tax is payable under the Excise Act in respect of the assets relating to the Acquired Business and the Buyer shall be deemed to have acquired such assets for use exclusively in commercial activities of the Buyer. Each of the Seller and the Buyer hereby represents that it is a registrant as described under the Excise Act. In the event Revenue Canada (or its Quebec counterpart) does not accept the foregoing and the Seller is challenged by Revenue Canada (or its Quebec counterpart), the Buyer will provide all assistance, cooperation and documentation as reasonably requested by the Seller.
GST Election. The Canadian Subsidiary and Purchaser shall jointly elect under Section 167 of the Excise Tax Act (Canada) to have subsection 167(1.1) of the Excise Tax Act (Canada) apply to the purchase and sale of the Transferred Assets of the Canadian Subsidiary. The Canadian Subsidiary and Purchaser shall each take all necessary action to properly complete and execute, and Purchaser shall take all necessary action to file, a Form GST44, “Election Concerning the Acquisition of a Business or Part of a Business,” (or any successor form thereto) in order to effect such joint election. If, notwithstanding the foregoing election, the Canadian Subsidiary is required to collect and remit any amount of Tax under the Excise Tax Act (Canada) in respect of the purchase and sale of the Transferred Assets, the Purchaser shall be liable for and shall pay to the Canadian Subsidiary an amount equal to any goods and services tax payable by Purchaser and collectible by the Canadian Subsidiary under the Excise Tax Act (Canada).
GST Election. The Vendor and the Purchaser shall elect jointly pursuant ------------- to the provisions of subsection 167(1) of the Excise Tax Act (and corresponding analogous provisions of the Quebec Sales Tax Act) by completing all prescribed forms and related documents in such manner as is prescribed, so that for purposes of the Excise Tax Act and the Quebec Sales Tax Act, no GST or QST is payable in respect of the purchase and sale of the Purchased Assets. The Purchaser agrees that it will file the joint election in the manner and within the time limits prescribed under the Excise Tax Act and the Quebec Sales Tax Act and provide the Vendor with written evidence of such filing.
