SECTION 116 OF THE ITA Sample Clauses

SECTION 116 OF THE ITA. (i) Each Spectra Equity Holder that is a non-resident of Canada (each a "NON-RESIDENT SHAREHOLDER") for the purposes of section 116 of the ITA shall on or before the Effective Date, deliver to Subco a certificate issued by the Minister of National Revenue of Canada pursuant to subsection 116(2) of the ITA (a "SECTION 116 CERTIFICATE") in respect of the proposed disposition by such Spectra Equity Holder of the Spectra Shares, Spectra Options, Spectra Warrants or 2001 Bonus Award, as applicable. The Section 116 Certificate delivered by the Spectra Equity Holder shall specify a "certificate limit" in an amount no less than the aggregate consideration to be received hereunder by such Spectra Equity Holder (for each such Non-resident Shareholder the "LIMIT AMOUNT").
Sample 1
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Related to SECTION 116 OF THE ITA

  • SECTION 112 Governing Law..................................................14 SECTION 113. Legal Holidays.................................................14

  • Section 116 Judgment Currency.....................................................................16

  • SECTION 102 Compliance Certificates and Opinions...........................7 SECTION 103. Form of Documents Delivered to Trustee.........................8 SECTION 104. Acts of Holders................................................9

  • SECTION 114 Language of Notices, Etc........................... 16

  • Section 10 11. Article 10 Not To Prevent Events of Default or Limit Right To Accelerate..................................... 91 SECTION 10.12. Trust Moneys Not Subordinated........................... 91 SECTION 10.13. Trustee Entitled To Rely................................ 92 SECTION 10.14.

  • Section 17 Right Certificate Holder Not Deemed a Stockholder................13 Section 18. Concerning the Rights Agent......................................14 Section 19. Merger or Consolidation or Change of Name of Rights Agent........14 Section 20.

  • SECTION 115 Counterparts................................................. 31

  • SECTION 104 Acts of Holders; Record Dates.........................................................10

  • Section 203 of the DGCL Not Applicable The Company Board has taken all actions necessary so that the restrictions contained in Section 203 of the DGCL applicable to a “business combination” with an “interested stockholder” (each as defined in Section 203) shall not apply to the execution, delivery or performance of this Agreement or the consummation of the Merger or the other transactions contemplated by this Agreement.

  • SECTION 110 Benefits of Indenture...................................17 SECTION 111. Governing Law...........................................17

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