Eligible Ontario Exploration Expenditures definition

Eligible Ontario Exploration Expenditures means “eligible Ontario exploration expenditures” within the meaning of the Taxation Act, 2007 (Ontario).
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Eligible Ontario Exploration Expenditures means “eligible Ontario exploration expenditures” within the meaning of the ON Tax Act (on the assumption that the definition of “flow-through mining expenditure” in subsection 127(9) of the Tax Act is amended as proposed in amendments contained in Bill C-69 introduced May 2, 2024); (l) “Expenditure Period” means the period commencing on the Closing Date and ending on the Termination Date; (m) “Flow-Through Mining Expenditure” means an expense that qualifies, once renounced by the Company pursuant to the Tax Act to a Subscriber who is an individual (other than a trust or estate) or a partnership, as a “flow-through mining expenditure” (as such term is defined in subsection 127(9) of the Tax Act, as amended and as proposed in amendments, relating to the definition of “flow-through mining expenditure”, contained in Bill C-69 introduced May 2, 2024) of the Subscriber or, where the Subscriber is a partnership, of the members of the Subscriber who are individuals (other than a trust or estate), to the extent of their respective shares of the expenses so renounced; (n) “Follow-On Transaction” has the meaning ascribed to it in Section 6(n) of this Subscription Agreement; (o) ”ON Purchaser” means a Subscriber who is either (i) an individual resident in Ontario for the purposes of the ON Tax Act on December 31, 2024; or (ii) an individual otherwise liable to pay income tax in the Province of Ontario for his or her taxation year ending on December 31, 2024; (p) ”ON Tax Act” means the Taxation Act, 2007 (Ontario) and all rules and regulations made pursuant thereto, all as may be amended, re-enacted or replaced from time to time and any proposed amendments thereto publicly announced by or on behalf of the Minister of Finance (Ontario) prior to the date of this Subscription Agreement; (q) “Prescribed Forms” means the forms prescribed from time to time under subsection 66(12.7) of the Tax Act, and in respect of Québec Subscribers, the forms prescribed under section 359.12 of the Québec Tax Act, or pursuant to any other applicable provincial law filed or to be filed by the Company within the prescribed times renouncing to the Subscribers the Resource Expenses incurred (or deemed to be incurred) pursuant to this Subscription Agreement; (r) “Prospectus Supplement” means the prospectus supplement, filed on May 30, 2024 in each of the Selling Provinces, to the final MJDS base shelf prospectus dated January 30, 2024, and the registration statement on Form S-3/A (SEC File No. ...
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Related to Eligible Ontario Exploration Expenditures

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;

  • Independent expenditure means an expenditure by a person:

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • local expenditures means expenditures in the currency of the Borrower or for goods or services supplied from the territory of the Borrower; and

  • Qualified expenditures means capital expenditures that qualify, or would qualify except that the taxpayer entered into an agreement under subsection (13), for a rehabilitation credit under section 47(a)(2) of the internal revenue code if the taxpayer is eligible for the credit under section 47(a)(2) of the internal revenue code or, if the taxpayer is not eligible for the credit under section 47(a)(2) of the internal revenue code, the qualified expenditures that would qualify under section 47(a)(2) of the internal revenue code except that the expenditures are made to an historic resource that is not eligible for the credit under section 47(a)(2) of the internal revenue code that were paid. Qualified expenditures do not include capital expenditures for nonhistoric additions to an historic resource except an addition that is required by state or federal regulations that relate to historic preservation, safety, or accessibility.

  • Eligible Expenditures means expenditures in respect of the reasonable cost of goods, works and services required for the Project and to be financed out of the proceeds of the Loan allocated from time to time to the eligible Categories in accordance with the provisions of Schedule 1 to this Agreement; and

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • Excluded Expenditure means any expenditure:

  • Qualifying Expenditures means those expenditures for energy conservation measures that have a simple payback period of not less than one year and not more than 10 years and expenditures for the above-market costs of new renewable energy resources, provided that the Oregon Department of Energy may establish by rule a limit on the maximum above-market cost for renewable energy that is allowed as a credit.