Canadian Transferred Assets definition

Canadian Transferred Assets means the Transferred Assets used by the Canadian Seller or held in connection with the Business carried on in Canada by the Canadian Seller.
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Canadian Transferred Assets means the Transferred Assets of the Canadian Debtors and any other Transferred Assets of the Debtors that may be located in Canada.
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Canadian Transferred Assets has the meaning set forth in Section 1.4(a).
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Examples of Canadian Transferred Assets in a sentence

  • In this regard, Purchaser and Canadian Seller acknowledge that a portion of the Canadian Transferred Assets transferred by Canadian Seller pursuant to this Agreement and having a value equal to the amount elected under subsection 20(24) of the Income Tax Act (Canada) and the equivalent provisions of any applicable provincial or territorial Law, is being transferred by Canadian Seller as a payment for the assumption of such future obligations by Purchaser.

  • Purchaser, or any Purchaser Sub that will acquire the Canadian Transferred Assets, will register for GST purposes under Part IX of the Excise Tax Act (Canada) and will provide its registration number to Seller prior to the Closing.

  • By Closing, Xxxxx Xxxxxx shall deliver to Partner a statement (the “Canadian Valuation Statement”) setting forth the aggregate fair market value of the Xxxxx Xxxxxx Canadian Transferred Assets.

  • To Sellers’ knowledge, none of the Equipment or the Obligors under any Equipment Leases forming part of the Canadian Transferred Assets are located outside of Canada.

  • The Allocation Schedule accurately sets out the location of the Canadian Transferred Assets.


More Definitions of Canadian Transferred Assets

Canadian Transferred Assets means each of the assets (excluding Intellectual Property, other than as expressly set forth in Section 1.4(b)) of Schlumberger Canada that are primarily used in the operation or conduct of the Canadian Business, as owned, operated and conducted by Schlumberger Canada immediately prior to Closing, which, for the avoidance of doubt, include the following:
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Canadian Transferred Assets shall have the meaning set forth in Section 2.1.
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Related to Canadian Transferred Assets

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Transferred Interests has the meaning set forth in the Recitals.

  • Purchased Interests has the meaning set forth in the Recitals.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.