Common use of Income Tax Election Clause in Contracts

Income Tax Election. The Purchaser and the Vendor agree to elect jointly in the prescribed form under Section 22 of the Tax Act as to the sale of the accounts receivable and other assets that are referred to in subsection 2.01(e) and described in Section 22 of the Tax Act and to designate in such election an amount equal to the portion of the Purchase Price allocated to such assets pursuant to Section 3.04 as the consideration paid by the Purchaser therefor.

Income Tax Election. The Purchaser Buyer and the Vendor Seller agree to elect jointly in the prescribed form under Section 22 of the Tax Act (and any similar provision of provincial law as necessary) as to the sale of the accounts receivable and other assets that are referred to in subsection 2.01(e) and described in Section 22 of the Tax Act (and any similar provision of provincial law as necessary) and to designate in such election an amount equal to the portion of the Purchase Price allocated to such assets pursuant to Section 3.04 1.7 as the consideration paid by the Purchaser Buyer therefor.

Income Tax Election. The Purchaser Buyer and the Vendor Seller agree to jointly elect jointly in the prescribed form under Section 22 of the Tax Act as to the sale of the all accounts receivable receivable, trade accounts, notes receivable, book debts and other assets that are referred debts due or accruing due to in subsection 2.01(e) the Seller and forming part of the Acquired Assets and described in Section 22 of the Tax Act Act, and to designate in such election an amount equal to the portion of the Purchase Price allocated to such assets pursuant to Section 3.04 2(f) hereof as the consideration paid by the Purchaser Buyer therefor.

Income Tax Election. The Purchaser Purchasers and the Vendor agree to elect jointly in the prescribed form under Section 22 of the Tax Act as to the sale of the accounts receivable and other assets that which are referred to in subsection 2.01(e) Section 2.1 and described in Section 22 of the Tax Act and to designate in such election an amount equal to the portion of the Purchase Price allocated to such assets pursuant to Section 3.04 3.5(a) as the consideration paid by the Purchaser Purchasers therefor.

Income Tax Election. The Purchaser and the Vendor agree to elect jointly in the prescribed form under Section section 22 of the Tax Act as to the sale of the accounts receivable and other assets that are referred to in subsection 2.01(e2.1(f) and described in Section section 22 of the Tax Act and to designate in such election an amount equal to the portion of the Purchase Price allocated to such assets pursuant to Section 3.04 section 3.5 as the consideration paid by the Purchaser therefor.