Arm’s Length definition

Arm’s Length has the meaning ascribed to such term for the purposes of the Income Tax Act (Canada);

Arm’s Length has the same meaning as that term is given in the Tax Act;

Arm’s Length has the meaning attributed thereto in the Income Tax Act (Canada).

Examples of Arm’s Length in a sentence

• All agreements, arrangements or transactions between the Borrower or any other Obligor, on the one hand, and any Affiliate of or other Person not dealing at Arm’s Length with such Obligor, on the other hand (other than the Borrower or another Obligor), in existence at the date hereof are set forth on Schedule 6.1.33 or are otherwise permitted pursuant to Section 9.4.20 of this Agreement.

• Enter into any material transaction with parties with whom it does not deal at Arm’s length, other than the transactions contemplated by the Telesat MSAs, unless (i) such transaction contains terms no less favourable to such Obligor than those that would be included in an Arm’s Length transaction entered into by a prudent Person with a non-affiliated third party and (ii) the Lender shall have consented to such transaction.

• Enter into any material transaction with parties with whom it does not deal at Arm’s Length, other than the transactions contemplated by the Telesat MSAs, unless (i) such transaction contains terms no less favourable to such Obligor than those that would be included in an Arm’s Length transaction entered into by a prudent Person with a non-affiliated third party and (ii) the Lender shall have consented to such transaction.

More Definitions of Arm’s Length

Arm’s Length has the meaning given to it under the Income Tax Act (Canada) as in effect on the Effective Date of this Agreement.

Arm’s Length means terms that are fair and reasonable to the counterparty of a transaction and no more or less favourable to the other party to the relevant transaction as could reasonably be expected to be obtained in a comparable arm’s length transaction with a person that is not the ultimate holding company of such counterparty or an entity of which such counterparty or its ultimate holding company has direct or indirect control, or owns directly or indirectly more than 20% (twenty percent) of the share capital or similar rights of ownership;

Arm’s Length has the meaning set out in the ITA.

Arm’s Length has the meaning specified in the definition of “Non-Arm’s Length”.

Arm’s Length means, with respect to two or more Persons, that such Persons are not related to each other within the meaning of subsections 251(2), (3), (3.1), (3.2), (4), (5) and (6) of the ITA or any substantially equivalent successor provisions and that such Persons, as a matter of fact, deal with each other at a particular time at arm’s length.

Arm’s Length has the meaning ascribed thereto in the Tax Act.

Arm’s Length means arm's length as defined in the Tax Act.