Canada Buyer definition
Examples of Canada Buyer in a sentence
In Canada, Buyer means Value Village Stores, a British Columbia partnership.
Canada Seller shall apply for a clearance certificate issued by the Minister of Finance of Ontario under subsection 6(1) of the Retail Sales Tax (Ontario) and arrange to have the clearance certificate delivered to Canada Buyer on Closing.
For the purposes of such elections, the Canada Buyer and each Canada Seller will, acting reasonably, jointly determine the amount that the parties will designate as the portion of the Purchase Price allocable to the debts in respect of which such elections are made.
If Seller does not maintain a registered agent or office in Canada, Buyer hereby irrevocably appoints CT Corporation or its designee as Seller’s agent to receive process in any proceeding arising under or related to the agreement.
Canada Buyer shall timely file such election forms with the appropriate Governmental Authorities in the prescribed manner.
Canada Buyer is a corporation duly incorporated, validly existing and in good standing under the laws of the Province of British Columbia and has all requisite corporate power and authority to carry on its business as now conducted.
The Canada Buyer and each Canada Seller shall file within the prescribed time the prescribed election form required to give effect to the foregoing.
At the State’s initial approval, residential and non-residential settings are both partially compliant.
In this regard, Canada Buyer and Canada Seller acknowledge that a portion of the Canada Transferred Assets transferred by Seller pursuant to this Agreement and having a value equal to the amount elected under subsection 20(24) of the Tax Act and the equivalent provincial provisions is being transferred by Seller as a payment for the assumption of such future obligations by Canada Buyer.
Canada Buyer is a registrant for the purposes of the goods and services tax imposed under Part IX of the ETA.