Common use of Stated Capital Clause in Contracts

Stated Capital. The stated capital account in the records of Amalco for the Amalco Shares shall be equal to the paid-up capital (within the meaning of the Income Tax Act (Canada)) attributed to the MichiCann Shares and the Subco Shares, determined immediately before the Amalgamation. An amount equal to the paid-up capital (within the meaning of the Income Tax Act (Canada)) attributed to the MichiCann Shares shall be added to the stated capital account maintained by Tidal for the Tidal Shares.

Stated Capital. The stated capital account in the records of Amalco for the Amalco Shares shall be equal to the paid-up capital (within the meaning of the Income Tax Act (Canada)) attributed to the MichiCann Shares and the Subco Shares, determined immediately before the Amalgamation. An amount equal to the paid-up capital (within the meaning of the Income Tax Act (Canada)) attributed to the MichiCann Shares shall be added to the stated capital account maintained by Tidal for the Tidal SharesShares and the Tidal Series II Preferred Shares as the case may be.