Common use of Section 22 Tax Election Clause in Contracts

Section 22 Tax Election. The Purchaser and the Vendor shall elect jointly in the prescribed form under section 22 of the Income Tax Act, section 184 of the Taxation Act (Québec), if applicable, and the corresponding provisions of any other applicable Tax statute as to the sale of the Receivables and designate in such election an amount equal to the portion of the Purchase Price allocated to the Receivables pursuant to Section 2.5. This election, or these elections, shall be made within the time prescribed for such elections.

Section 22 Tax Election. The Purchaser and the Vendor Company shall elect jointly in the prescribed form under section 22 of the Income Tax ActAct (Canada), section 184 of the Taxation Act (Québec), if applicable, and the corresponding provisions of any other applicable Tax statute as to the sale of the Receivables Accounts Receivable and designate in such election an amount equal to the portion of the Purchase Price allocated to the Receivables Accounts Receivable pursuant to Section 2.51.8. This election, or these elections, shall be made within the time prescribed for such elections.

Section 22 Tax Election. The Purchaser and the Vendor shall elect jointly in the prescribed form under section 22 of the Income Tax ActITA, section 184 of the Taxation Act (Québec), if applicable, and the corresponding provisions of any other applicable Tax statute as to the sale of the Receivables and designate in such election an amount equal to the portion of the Purchase Price allocated to the Receivables pursuant to Section 2.51.11. This election, or these elections, shall be made within the time prescribed for such elections.

Section 22 Tax Election. The If available, the Purchaser and the Vendor shall elect jointly in the prescribed form under section 22 of the Income Tax ActITA, section 184 of the Taxation Act (Québec), if applicable, and the corresponding provisions of any other applicable Tax statute as to the sale of the Receivables and designate in such election an amount equal to the portion of the Purchase Price allocated to the Receivables pursuant to Section 2.51.9. This election, or these elections, shall be made within the time prescribed for such elections.