Examples of Canadian Sub in a sentence
If the Canadian Sub- Agent in good faith determines that for any reason a market for Bankers’ Acceptances does not exist at any time or the Tranche B Lenders cannot for other reasons, after reasonable efforts, readily sell Bankers’ Acceptances or perform their other obligations under this Agreement with respect to Bankers’ Acceptances, the Canadian Sub-Agent will promptly so notify TCCI and each Tranche B Lender.
For Canadian tax purposes, the Consideration shall be allocated among the Business Assets in accordance with Schedule 2.5. Columbia House Canada, the partners of Columbia House Canada and Canadian Sub agree to report the acquisition and transfer of the Business Assets in any returns required to be filed under the ITA and any other taxation statutes in accordance with the provisions thereof.
The consideration payable by Canadian Sub for the Business Assets (the "Consideration") shall be the amount equal to the aggregate of the value of 4,989,052 shares of Class B Common Stock of Holdco and $100,000 and the assumption of liabilities pursuant to paragraph 2.1(b), exclusive of all applicable sales and transfer taxes.
Canadian Sub and Columbia House Canada shall jointly elect under subsection 167(1) of Part IX of the Excise Tax Act (Canada) and any provincial legislation imposing a similar value added or multi-staged tax, that no tax be payable with respect to the transfer and acquisition of the Business Assets pursuant to this Agreement.
Canadian Sub shall deliver to Columbia House Canada the Canadian Sub Shares as provided in Section 2.4.