Examples of Extendicare Holding Partnership in a sentence
None of the Corporation, the REIT, Extendicare Holding Partnership, the Depository or any other Person is or will be under any duty to give notification of any defect or irregularity in deposits, nor will any of them incur any liability for failure to give any such notice.
The undersigned acknowledges that it is the intention of Extendicare Holding Partnership, in creating the Exchangeable LP Units, to have the economic attributes associated with the Exchangeable LP Units be, as nearly as practicable, equivalent to those of REIT Units.
The undersigned further acknowledges that none of the Corporation, the REIT, Extendicare Holding Partnership or any of their respective affiliates, trustees, directors, officers, employees, agents or representatives has any responsibility or liability for the completeness, accuracy or filing of any tax election form or information.
In general terms, the Limited Partnership Agreement provides that a holder of the Exchangeable LP Units that contravenes the foregoing restrictions shall be deemed to have ceased to be a limited partner of Extendicare Holding Partnership with effect immediately before the date of contravention and to have exchanged such holder’s Exchangeable LP Units into the applicable number of REIT Units at that time.
The REIT and Extendicare Holding Partnership initially intend to make or cause to be made pro rata monthly cash distributions to Unitholders and holders of Exchangeable LP Units, as the case may be, equal to, on an annual basis, approximately 85% of Distributable Income.
It will be the sole responsibility of each Shareholder who wishes to make such an election to obtain the necessary provincial or territorial election forms and to submit such forms for execution to Extendicare Holding Partnership in the same manner and within the same time as the federal tax election form enclosed in the tax election package.
The Corporation, the REIT and Extendicare Holding Partnership reserve the right, if they so elect, in their absolute discretion, to instruct the Depository to waive any defect or irregularity contained in any Letter of Transmittal and Election Form received by them.
Any of the Corporation, Extendicare Holding Partnership, the REIT or the Depository, in their sole discretion, may require additional evidence of authority or additional documentation.
Provided that the conditions outlined in this Letter of Transmittal and Election Form are complied with, Holding GP, on behalf of Extendicare Holding Partnership, will also make a provincial or territorial joint election with a Shareholder under the provision of any relevant provincial or territorial income tax legislation with similar effect to subsection 97(2) of the Tax Act.
With the exception of the execution by Holding GP, on behalf of Extendicare Holding Partnership, of any properly completed tax election form that is received by Extendicare Holding Partnership within 60 days of the Effective Date, compliance with the requirements for valid tax elections will be the sole responsibility of the Shareholder making the elections.