Common use of Qualifying Environmental Trust Clause in Contracts

Qualifying Environmental Trust. It is the express intention of the parties hereto for the Trust settled under this Agreement to constitute a "qualifying environmental trust" as defined in subsection 211.6(1) of the Tax Act, as amended or replaced from time to time. This Agreement shall be read and interpreted in light of and consistently with the definition or "qualifying environment trust" in the Tax Act, and the Company, Beneficiaries and Trustee shall ensure that no actions are taken which would jeopardize the status of this Trust as a "qualifying environmental trust".

Qualifying Environmental Trust. It is the express intention of the parties hereto for that the Trust settled established and governed under this Agreement to will constitute a "qualifying environmental trust" as defined in subsection 211.6(1) Qualifying Environmental Trust for the duration of the Tax Act, as amended or replaced from time to timeTrust. This Agreement shall be read and interpreted in light of of, and consistently with with, the definition or "of “qualifying environment trust" ” in the Tax Act, and the Company, Beneficiaries Company and the Trustee shall ensure that no not take any actions are taken which would jeopardize the status of this Trust as a "qualifying environmental trust"Qualifying Environmental Trust, and shall cause any party succeeding to the interests thereof to covenant to do the same.

Qualifying Environmental Trust. It is the express intention of the parties hereto for the Trust settled under this Agreement to constitute a "“qualifying environmental trust" ” as defined in subsection 211.6(1) of the Tax Act, as amended or replaced from time to time. This Agreement shall be read and interpreted in light of and consistently with the definition or "“qualifying environment trust" ” in the Tax Act, and the Company, Beneficiaries and Trustee shall ensure that no actions are taken which would jeopardize the status of this Trust as a "“qualifying environmental trust"”.

Qualifying Environmental Trust. It is the express intention of the parties hereto for that the Trust settled under this Agreement to will constitute a "qualifying environmental trust" as defined in subsection 211.6(1) Qualifying Environmental Trust for the duration of the Tax Act, as amended or replaced from time to timeTrust. This Agreement shall be read and interpreted in light of of, and consistently with with, the definition or "of “qualifying environment trust" ” in the Tax Act, and the Company, Beneficiaries Company and the Trustee shall ensure that no not take any actions are taken which would jeopardize the status of this Trust as a "qualifying environmental trust"Qualifying Environmental Trust, and shall cause any party succeeding to the interests thereof to covenant to do the same.