Buyer Designee definition
Examples of Buyer Designee in a sentence
The Buyer Designee shall file such election no later than the filing date for its goods and services tax and harmonized sales tax return for the reporting period in which the sale of the Canadian Acquired Assets takes place.
If available, on Closing, the Buyer Designee and the applicable Seller Party shall execute jointly an election under Section 167 of the Excise Tax Act (Canada) to relieve the sale of the Canadian Acquired Assets from goods and services tax and harmonized sales tax.
Any reference to Buyer in this Agreement shall, to the extent applicable, also be deemed a reference to the applicable Buyer Designee, except where in context of this Agreement such use would not be appropriate.
Notwithstanding any provision of this Agreement to the contrary, any transfer, value-added, documentary, sales, use, stamp, registration and other similar Taxes (including all applicable real estate transfer Taxes) arising out of or in connection with the transactions effected pursuant to this Agreement (collectively, “Transfer Taxes”) shall be paid by Buyer or the applicable Buyer Designee.