Common use of Tax Election Clause in Contracts

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada) or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act such that no holder of the Deferral Preferred Shares, Series-[·] will be required to pay tax on dividends received on the Deferral Preferred Shares, Series-[·] under section 187.2 of Part IV.1 of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada) or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act such that no holder of the Deferral Exchange Preferred Shares, Series-[·] Series 2016-A will be required to pay tax on dividends received on the Deferral Exchange Preferred Shares, Series-[·] Series 2016-A under section 187.2 of Part IV.1 of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada), under Subsection 191.2(1) of the said Act, or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act Act, to pay tax at a rate such that no holder of the Deferral Preferred Shares, Series-[·] Series 52 Preference Shares will be required to pay tax on dividends received on the Deferral Preferred Shares, Series-[·] Series 52 Preference Shares under section Section 187.2 of Part IV.1 IV.I of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada) or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act such that no holder of the Deferral Exchange Preferred Shares, Series-[·] Series 2017-A will be required to pay tax on dividends received on the Deferral Exchange Preferred Shares, Series-[·] Series 2017-A under section 187.2 of Part IV.1 of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada) or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act such that no holder of the Deferral Exchange Preferred Shares, Series-[·] Series 2019-A will be required to pay tax on dividends received on the Deferral Exchange Preferred Shares, Series-[·] Series 2019-A under section 187.2 of Part IV.1 of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada), under Subsection 191.2(1) of the said Act, or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act Act, to pay tax at a rate such that no holder of the Deferral Preferred Shares, Series-[·] Series 51 Preference Shares will be required to pay tax on dividends received on the Deferral Preferred Shares, Series-[·] Series 51 Preference Shares under section Section 187.2 of Part IV.1 IV.I of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada) or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act such that no holder of the Deferral Exchange Preferred Shares, Series-[·] Series 2015-A will be required to pay tax on dividends received on the Deferral Exchange Preferred Shares, Series-[·] Series 2015-A under section 187.2 of Part IV.1 of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada) or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act such that no holder of the Deferral Preferred Shares, Series-[·Series-[•] will be required to pay tax on dividends received on the Deferral Preferred Shares, Series-[·Series-[•] under section 187.2 of Part IV.1 of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada) or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act such that no holder of the Deferral Exchange Preferred Shares, Series-[·] Series 2022-A will be required to pay tax on dividends received on the Deferral Exchange Preferred Shares, Series-[·] Series 2022-A under section 187.2 of Part IV.1 of such Act or any successor or replacement provision of similar effect.

Tax Election. The Corporation shall elect, in the manner and within the time provided under section 191.2 of the Income Tax Act (Canada) or any successor or replacement provision of similar effect, to pay tax at a rate and take all other necessary action under such Act such that no holder of the Deferral Preferred Shares, Series-[·●] will be required to pay tax on dividends received on the Deferral Preferred Shares, Series-[·●] under section 187.2 of Part IV.1 of such Act or any successor or replacement provision of similar effect.