Obligations of the Issuer. The Issuer will forward notification of any change in Holder under the Plan to the Specified Minister in prescribed form containing prescribed information on or before the day that is 60 days after the later of: (i) the day on which the Issuer is advised of the change in Holder; and (ii) the day on which the Issuer is provided with the social insurance number or business number of the new Holder. The Minister of National Revenue must approve amendments to the specimen plan under which this Plan is based before the Issuer can amend the Plan terms and conditions. If the Issuer discovers that the Plan is or will likely become non- compliant, the Issuer will notify both the Minister of National Revenue and the Specified Minister of this fact within 30 days after the Issuer becomes aware of possible or factual non- compliance. If the Issuer enters into the Plan with a Qualifying Family Member who is a Qualifying Person solely because of (a) to (e) under the definition of Qualifying Person, above the Issuer will be required to: (a) so notify the Beneficiary under the Plan without delay in writing and include in the notification information setting out the circumstances in which the Holder of the Plan may be replaced under section 146.4(1.5) or 146.4(1.6) of the ITA. (b) collect and use any information provided by the Holder that is relevant to the administration of the Plan. The Issuer will exercise the care, diligence and skill of a reasonably prudent person to minimize the possibility that a Holder of the Plan may become liable to pay tax under Part XI of the ITA in connection with the Plan. If the Issuer fails to comply with these obligations, the Issuer is liable to penalties as set out in subsection 162(7) of the ITA. The issuer will not be held liable for entering into this Plan with a Qualifying Family Member if at the time the Plan was entered into, the issuer had made a reasonable enquiry into the beneficiary’s contractual competence, and it was the issuer’s opinion that the beneficiary’s contractual competence was in doubt.
Appears in 3 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
Obligations of the Issuer. The Issuer will forward notification of any change in Holder under the Plan to the Specified Minister in prescribed form containing prescribed information on or before the day that is 60 days after xxxx the later of:
(i) 1. the day on which the Issuer is advised of the change in Holder; and
(ii) 2. the day on which the Issuer is provided with the social insurance number or business number of the new Holder. The Minister of National Revenue must approve amendments to the specimen plan under which this Plan is based before the Issuer can amend the Plan terms and conditions. If the Issuer discovers that the Plan is or will likely become non- non-compliant, the Issuer will notify both the Minister of National Revenue and the Specified Minister of this fact within 30 days after xxxx the Issuer becomes aware of possible or factual non- compliance. If the Issuer enters into the Plan with a Qualifying Family Member who is a Qualifying Person solely because of (a) to (e) under the definition of Qualifying Person, above the Issuer will be required to:
(a) so notify the Beneficiary under the Plan without delay in writing and include in the notification information setting out the circumstances in which the Holder of the Plan may be replaced under section 146.4(1.5) or 146.4(1.6) of the ITA.
(b) collect and use any information provided by the Holder that is relevant to the administration of the Plan. The Issuer will exercise the care, diligence and skill of a reasonably prudent person to minimize the possibility that a Holder of the Plan may become liable to pay tax under Part XI of the ITA in connection with the Plan. If a Qualifying Family Member (who is a Qualifying Person solely because of conditions a) to e) under the Qualifying Person definition) opens this Plan and becomes Holder, the Issuer will promptly notify the Beneficiary of this fact in writing. The notification will include the information in Section 4 that describes how the Qualifying Family Member can be replaced by another entity as the Plan Holder. The Issuer will collect and use all information provided by the Holder that is required to administer and operate the Plan. If the Issuer fails to comply with these obligations, the Issuer is liable to penalties as set out in subsection 162(7) of the ITA. The issuer will not be held liable for entering into this Plan with a Qualifying Family Member if at the time the Plan was entered into, the issuer had made a reasonable enquiry into the beneficiary’s contractual competence, competence and it was the issuer’s opinion that the beneficiary’s contractual competence was in doubt.
Appears in 1 contract
Samples: Accounts and Services Agreement
Obligations of the Issuer. The Issuer will forward notification of any change in Holder under the Plan to the Specified Minister in prescribed form containing prescribed information on or before the day that is 60 days after the later of:
(i) the day on which the Issuer is advised of the change in Holder; and;
(ii) the day on which the Issuer is provided with the social insurance number or business number of the new Holder. The Minister of National Revenue must approve amendments to the specimen speci- men plan under which this Plan is based before the Issuer can amend the Plan Plan’s terms and conditions. If the Issuer discovers that the Plan is or will likely become non- non-compliant, the Issuer will notify both the Minister of National Revenue and the Specified Speci- fied Minister of this fact within 30 days after the Issuer becomes aware of possible or factual non- non-compliance. If the Issuer enters into the Plan with a Qualifying Family Member who is a Qualifying Person solely because of (a) to (e) under the definition of Qualifying Person, above the Issuer will be required to:
(a) so notify the Beneficiary under the Plan without delay in writing and include in the notification information setting out the circumstances in which the Holder of the Plan may be replaced under section 146.4(1.5) or 146.4(1.6) of the ITA.
(b) collect and use any information provided by the Holder that is relevant to the administration of the Plan. The Issuer will exercise the care, diligence and skill of a reasonably prudent person to minimize the possibility that a Holder of the Plan may become liable Trust holds a non-qualified investment. If a Qualifying Family Member (who is a Qualifying Person solely because of conditions a) to pay tax e) under Part XI the Qualifying Person definition) opens this Plan and becomes Holder, the Issuer will promptly notify the Beneficiary of this fact in writing. The notification will include the ITA information in connection with Section 4 that describes how the Qualifying Family Member can be replaced by another entity as the Plan Holder. The Issuer will collect and use all infor- mation provided by the Holder that is required to administer and operate the Plan. If the Issuer fails to comply with these obligations, the Issuer is liable to penalties as set out in subsection 162(7) of the ITA. The issuer Issuer will not be held liable for entering into this Plan with a Qualifying Family Member if at the time the Plan was entered into, the issuer Issuer had made a reasonable enquiry into the beneficiary’s contractual competence, competence and it was the issuerIssuer’s opinion that the beneficiary’s contractual competence was in doubt.
Appears in 1 contract
Samples: Declaration of Trust
Obligations of the Issuer. The On Completion, the Issuer will forward notification of any change in Holder under shall:
(a) Issue the Plan 2024 CB to the Specified Minister Subscriber;
(b) enter the name of the Subscriber in prescribed form containing prescribed information on the CB Register as the registered holder of the 2024 CB;
(c) deliver or before cause to be delivered to the day that is 60 days after the later ofSubscriber:
(i) a certified true copy of the day on which CB Register showing the name of the Subscriber as the holder of the 2024 CB;
(ii) a certified true copy of the 2024 CB Instrument duly executed by the Issuer is advised in favour of the change 2024 XX Xxxxxx;
(iii) the original bond certificate(s) in Holderrespect of the 2024 CB duly executed by the Issuer in favour of the Subscriber; CB Subscription Agreement Ref: 1296509 Page 10
(iv) a certified true copy of the written resolutions or the minutes of the meeting of the Board approving, among other things, (A) the entry into, execution, delivery and performance of the Transaction Documents and the transactions contemplated thereunder (including the issue of the 2024 CB) by the Issuer; and (B) authorising the entry of the name of the Subscriber in the CB Register as the registered holder of the 2024 CB;
(v) a certified true copy of the minutes of the EGM approving, among other things, (A) the entry into, execution and delivery of the Transaction Documents by the Issuer and the performance by the Issuer of its obligations thereunder; and (B) the Specific Mandate;
(vi) a copy of such written Approvals (including but not limited to the Listing Approval) with respect to the Transaction Documents and the transactions contemplated thereunder (including issue of the 2024 CB);
(vii) a closing certificate dated as at the Completion Date and duly executed by an officer of the Issuer confirming that all Conditions (other than Clause 3.1(e) (Subscriber Warranties)) with respect to the Issuer have been fulfilled; and
(iiviii) the day on which the Issuer is provided with the social insurance number or business number of the new Holder. The Minister of National Revenue must approve amendments pay to the specimen plan under which this Plan is based before Subscriber the Issuer can amend the Plan terms and conditions. If the Issuer discovers that the Plan is or will likely become non- compliant, the Issuer will notify both the Minister of National Revenue and the Specified Minister of this fact within 30 days after the Issuer becomes aware of possible or factual non- compliance. If the Issuer enters into the Plan with a Qualifying Family Member who is a Qualifying Person solely because of (a) to (e) under the definition of Qualifying Person, above the Issuer will be required to:
(a) so notify the Beneficiary under the Plan without delay in writing and include in the notification information setting out the circumstances in which the Holder of the Plan may be replaced under section 146.4(1.5) or 146.4(1.6) of the ITAFee.
(b) collect and use any information provided by the Holder that is relevant to the administration of the Plan. The Issuer will exercise the care, diligence and skill of a reasonably prudent person to minimize the possibility that a Holder of the Plan may become liable to pay tax under Part XI of the ITA in connection with the Plan. If the Issuer fails to comply with these obligations, the Issuer is liable to penalties as set out in subsection 162(7) of the ITA. The issuer will not be held liable for entering into this Plan with a Qualifying Family Member if at the time the Plan was entered into, the issuer had made a reasonable enquiry into the beneficiary’s contractual competence, and it was the issuer’s opinion that the beneficiary’s contractual competence was in doubt.
Appears in 1 contract
Samples: Subscription Agreement