Common use of Income Tax Deductions, Allowances and Credits Clause in Contracts

Income Tax Deductions, Allowances and Credits. The Corporation shall determine the tax deductions, allowances and credits to be claimed by the Trust in any year, and the Trustee shall claim such deductions, allowances and credits for the purposes of computing the income of the Trust and the amount payable by the Trust pursuant to the provisions of the Tax Act.

Appears in 5 contracts

Samples: Trust Indenture (Canetic Resources Trust), Trust Indenture (Enterra Energy Trust), Trust Indenture (Enterra Energy Trust)

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