Examples of Boardwalk REIT in a sentence
The Corporation, Boardwalk REIT, the Partnership, the Operating Trust and the General Partner, as applicable, have also entered into or will, on or before the Effective Date, also enter into the following Material Contracts: (a) the Limited Partnership Agreement.
The extent to which distributions will be tax-deferred in the future will depend in part on the extent to which entities indirectly owned by Boardwalk REIT are able to deduct capital cost allowance relating to the assets held by them.Since the Partnership acquired the relevant properties on a tax-deferred basis, its tax cost in certain properties may be less than their fair market value.
Historically, Boardwalk REIT has experienced higher utility expenses in the first and fourth quarters because of the winter months, resulting in variations in quarterly results.
Historically, Boardwalk REIT has experienced higher utility expenses in the first and fourth quarters because of the winter months, resulting in variations in quarterly results.Certain comparative figures have been reclassified to conform to the presentation of the current period.
If the CRA successfully challenges the deductibility of such expenses or the allocation of such income, the Partnership's allocation of income to the Operating Trust, and indirectly the taxable income of Boardwalk REIT and the Unitholders, may be adversely affected.
Where such amount of net income and net realized capital gains of Boardwalk REIT in a taxation year exceeds the Cash Available for distribution in the year, such excess net income and net realized capital gains will be distributed to Unitholders in the form of additional REIT Units.
If the CRA successfully challenges the deductibility of such expenses, the allocation of such income, or the cost amount of any assets, the taxable income of Boardwalk REIT and the Unitholders may be adversely affected.
The credit risk of both Boardwalk REIT and the counter party have been taken into account in determining the fair value of Boardwalk REIT’s trade and other receivables.
Such measures would not meaningfully advance the fairness determination, since those measures would be the same for Boardwalk REIT immediately after the Transaction and Unitholders will have the same proportionate participation immediately after the Transaction as they had as Shareholders immediately before the Transaction.
For the nine months ended September 30, 2018, bad debt expense totaled $3.4 million (nine months ended September 30, 2017 – $3.5 million).The credit risk of both Boardwalk REIT and the counter party have been taken into account in determining the fair value of Boardwalk REIT’s trade and other receivables.