Common use of No Specified Financial Institution Clause in Contracts

No Specified Financial Institution. On and after the Effective Date hereof and for the entire period that AcquisitionCo has any Exchangeable Shares issued and outstanding, neither USCo nor CallCo nor any of its affiliates or Subsidiaries will be a “specified financial institution” as that term is defined in the Income Tax Act (Canada).

Appears in 3 contracts

Samples: Support Agreement (SimplePons, Inc.), Support Agreement (SimplePons, Inc.), Support Agreement (Quinko-Tek International, Inc.)

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No Specified Financial Institution. On and after the Effective Date effective date hereof and for the entire period that until AcquisitionCo no longer has any Exchangeable Shares issued and outstanding, neither USCo nor CallCo nor any of its affiliates or Subsidiaries will be a "specified financial institution" as that term is defined in the Income Tax Act (Canada).

Appears in 1 contract

Samples: Support Agreement (Foodfest International 2000 Inc.)

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