Common use of IMPLEMENTATION AND INTERPRETATION Clause in Contracts

IMPLEMENTATION AND INTERPRETATION. 11.7.1 The Tax Act may be amended to provide for the implementation of this chapter. 11.7.2 Unless otherwise provided in this agreement and except to the extent that the context otherwise requires, words and phrases used in this chapter shall be deemed to have the meaning they have for the purposes of the federal Tax Act. 11.7.3 To the extent not inconsistent with this chapter, the Tax Act shall apply to the provisions of this chapter with such modifications as the circumstances require. 11.7.4 A settlement corporation shall be deemed for purposes of the Tax Act not to be a “specified financial institution”.

IMPLEMENTATION AND INTERPRETATION. 11.7.1 The Tax Act may be amended to provide for the implementation of this chapter. 11.7.2 Unless otherwise provided in this agreement and except to the extent that the context otherwise requires, words and phrases used in this chapter shall be deemed to have the meaning they have for the purposes of the federal Tax Act. 11.7.3 To the extent not inconsistent with this chapter, the Tax Act shall apply to the provisions of this chapter with such modifications as the circumstances require. 11.7.4 A settlement corporation shall be deemed for purposes of the Tax Act not to be a “"specified financial institution”".