Incurring and Renouncing of CEE. The Corporation hereby agrees to incur or be deemed to incur Resource Expenses in an amount at least equal to the Commitment Amount on or before the Termination Date in accordance with this Agreement and agrees to renounce to the Purchaser, with an effective date no later than December 31, 2012, Resource Expenses in an amount equal to the Commitment Amount.
Incurring and Renouncing of CEE. The Corporation hereby agrees to ----------------------------------- incur Resource Expenses in an amount equal to the Commitment Amount on or before the Termination Date in accordance with this Subscription Agreement and agrees to renounce to the Subscriber, with an effective date no later than December 31, 2002, pursuant to subsection 66(12.6) of the Tax Act, and, in respect of Resource Expenses incurred by the Corporation in 2003, pursuant to subsection 66(12.66) of the Tax Act, Resource Expenses in an amount equal to the Commitment Amount. For greater certainty, the Corporation may renounce to the Subscriber, with an effective date no later than December 31, 2002, either (i) Resource Expenses deemed to be incurred by it in 2002 pursuant to a renunciation to the Corporation by a corporation related to it, for purposes of the Tax Act, of Resource Expenses incurred by that corporation in 2002 if the renunciation by that corporation to the Corporation is pursuant to subsection 66(12.6) of the Tax Act and has an effective date in 2002, or (ii) Resource Expenses deemed to be incurred by it in 2003 pursuant to a renunciation to the Corporation by a corporation related to it, for the purposes of the Tax Act, of Resource Expenses incurred by that corporation in 2003 if the renunciation by that corporation to the Corporation is pursuant to subsection 66(12.6) of the Tax Act and has an effective date in 2003.
Incurring and Renouncing of CEE. The Issuer shall incur Qualifying Expenditures in an amount equal to the Flow-Through Offering Price for the Purchased Securities of each Purchaser on or before the Termination Date in accordance with the Agreement and agrees to renounce to each Purchaser Qualifying Expenditures in an amount equal to the Commitment Amount of such Purchaser with an effective date no later than December 31, 2016.
Incurring and Renouncing of CEE. The Issuer hereby agrees to incur Qualifying Expenses in an amount equal to the Commitment Amount on or after the Closing Date and on or before the Termination Date in accordance with this Agreement and agrees to renounce to the Purchaser Qualifying Expenses in an amount equal to the Commitment Amount with an effective date no later than December 31, 2014, pursuant to subsection 66(12.6) in conjunction with subsection 66(12.66) of the Tax Act.
Incurring and Renouncing of CEE. The Company hereby agrees to incur Resource Expenses in an amount equal to the Commitment Amount on or before the Termination Date in accordance with this Agreement and agrees to renounce to the Subscriber, with an effective date no later than December 31, 2004, pursuant to subsections 66(12.6) and 66(12.66) of the Tax Act.
Incurring and Renouncing of CEE. The Corporation shall incur Qualifying Expenditures in an amount equal to the Commitment Amount during the period from and after the Closing Date and on or before the Termination Date in accordance with the Subscription Agreements and shall renounce to the Purchasers, in accordance with the ITA and the Subscription Agreements, with an effective date no later than December 31, 2013, Qualifying Expenditures in an amount equal to the Commitment Amount.
