Common use of Qualifying Environmental Trust Clause in Contracts

Qualifying Environmental Trust. 2.5.1 It is the express intention of the parties that the PRT settled hereby constitutes a Qualifying Environmental Trust, and this Agreement shall be read and interpreted to the greatest extent possible to comply with such definition. All parties involved, including the Company and the Trustee, shall take (or avoid taking, as the case may be) all actions as are reasonably possible and as may be required to ensure that the PRT is a Qualifying Environmental Trust. 2.5.2 Any amendments to this Agreement that are required in order for the PRT to constitute a Qualifying Environmental Trust, shall be deemed to have been made as of the day and year first written above, to the extent that such amendments, made with the consent of the NEB further to section 13.1, do not render the PRT in breach of any other Applicable Laws.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Qualifying Environmental Trust. 2.5.1 2.4.1 It is the express intention of the parties that the PRT settled hereby constitutes a Qualifying Environmental TrustTrust as defined in the Tax Act, and this Agreement shall be read and interpreted to the greatest extent possible to comply with such definition. All parties involved, including the Company and the Trustee, shall take (or avoid taking, as the case may be) all actions as are reasonably possible and as may be required to ensure that the PRT is a Qualifying Environmental Trust. 2.5.2 2.4.2 Any amendments to this Agreement that are required in order for the PRT to constitute a Qualifying Environmental Trust, shall be deemed to have been made as of the day and year first written above, to the extent that such amendments, made with the consent of the NEB further to section 13.1, do not render the PRT in breach of any other Applicable Laws.

Appears in 1 contract

Samples: Trust Agreement

Qualifying Environmental Trust. 2.5.1 It is the express intention of the parties that the PRT settled hereby constitutes a Qualifying Environmental Trust, and this Agreement shall be read and interpreted to the greatest extent possible to comply with such definition. All parties involved, including the Company and the Trustee, shall take (or avoid taking, as the case may be) all actions as are reasonably possible and as may be required to ensure that the PRT is a Qualifying Environmental Trust. 2.5.2 Any amendments to this Agreement that are required in order for the PRT to constitute a Qualifying Environmental Trust, shall be deemed to have been made as of the day and year first written above, to the extent that such amendments, made with the consent of the NEB NEBCER further to section 13.1, do not render the PRT in breach of any other Applicable Laws.

Appears in 1 contract

Samples: Trust Agreement

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Qualifying Environmental Trust. 2.5.1 It is the express intention of the parties that the PRT settled hereby constitutes a Qualifying Environmental Trust, and this Agreement shall be read and interpreted to the greatest extent possible to comply with such definition. All parties involved, including the Company and the Trustee, shall take (or avoid taking, as the case may be) all actions as are reasonably possible and as may be required to ensure that the PRT is a Qualifying Environmental Trust. 2.5.2 Any amendments to this Agreement that are required in order for the PRT to constitute a Qualifying Environmental Trust, shall be deemed to have been made as of the day and year first written above, to the extent that such amendments, made with the consent of the NEB CER further to section 13.1, do not render the PRT in breach of any other Applicable Laws.

Appears in 1 contract

Samples: Trust Agreement

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