Common use of Income Tax Act Clause in Contracts

Income Tax Act. A requirement from the Minister of National Revenue for payment pursuant to Section 224 or any successor section of the Income Tax Act (Canada) or Section 317, or any successor section of the Excise Tax Act (Canada) or any comparable provision of similar legislation shall have been received by Agent or any Lender or any other Person in respect of Borrower or any of its Subsidiaries or otherwise issued in respect of Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Portola Packaging Inc), Credit Agreement (Portola Packaging Inc)

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Income Tax Act. A requirement from the Minister of National Revenue for payment pursuant to Section 224 or any successor section of the Income Tax Act (Canada) or Section 317, or any successor section of the Excise Tax Act (Canada) or any comparable provision of similar legislation shall have been received by Administrative Agent or any Lender or any other Person in respect of Borrower or any of its Subsidiaries or otherwise issued in respect of Borrower or any of its Subsidiaries.; or

Appears in 2 contracts

Samples: Post Petition Credit Agreement (Portola Packaging Inc), Senior Post Petition Credit Agreement (Portola Packaging Inc)

Income Tax Act. A requirement from the Minister of National Revenue for payment pursuant to Section 224 or any successor section of the Income Tax Act (Canada) or Section 317, or any successor section of the Excise Tax Act (Canada) or any comparable provision of similar legislation shall have been received by Agent or any Lender or any other Person in respect of Borrower or any of its Subsidiaries or otherwise issued in respect of Borrower or any of its Subsidiaries.; or

Appears in 1 contract

Samples: Loan and Security Agreement (Beacon Roofing Supply Inc)

Income Tax Act. A requirement from the Minister of National Revenue for payment pursuant to Section 224 or any successor section of the Income Tax Act (Canada) or Section 317, or any successor section of the Excise Tax Act (Canada) or any comparable provision of similar legislation shall have been received by any Agent or any Lender or any other Person in respect of any Borrower or any of its Subsidiaries or otherwise issued in respect of any Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Recoton Corp)

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Income Tax Act. A requirement from the Minister of National -------------- Revenue for payment pursuant to Section 224 or any successor section of the Income Tax Act (Canada) ITA or Section 317, 317 (or any successor section of the Excise Tax Act (Canada) or any comparable provision of similar legislation shall have been received by any Administrative Agent or any Lender Bank or any other Person in respect of the U.S. Borrower or any of its Subsidiaries other Obligor or otherwise is issued in respect of the U.S. Borrower or any of its Subsidiariesother Obligor.

Appears in 1 contract

Samples: Credit Agreement (Wiser Oil Co)

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