FT Purchasers definition

FT Purchasers means those Initial Purchasers who, as purchasers or beneficial purchasers, acquire the Flow-Through Shares by duly completing, executing and delivering the Flow-Through Subscription Agreements and any other required documentations;

FT Purchasers means the purchasers of the FT Shares, including Substituted Purchasers and/or the Underwriters, as applicable;

FT Purchasers means the Persons who are purchasers in the Selling Jurisdictions in Canada who, as purchasers or beneficial purchasers, acquire the FT Units by duly completing, executing and delivering the FT Unit Subscription Agreements and any other required documentation;

Examples of FT Purchasers in a sentence

• This indemnity is in addition to and not in derogation of any other recourse or rights of action the FT Purchasers may have against the Company.

• The Corporation shall deliver to the FT Purchasers, on or before March 1, 2019, the relevant Prescribed Forms, fully completed and executed, renouncing to each FT Purchaser, Resource Expenses in an amount equal to the Commitment Amount applicable to such FT Purchaser with an effective date of no later than December 31, 2018, such delivery constituting the authorization of the Corporation to the FT Purchasers to file such Prescribed Forms with applicable taxation authorities.

• The Company shall not, without the prior written consent of the Agent (which consent may be withheld in the sole discretion of the Agent) enter into any other agreement which would prevent or restrict its ability to renounce Qualifying Expenditures to the FT Purchasers in the amount of the Commitment Amount.

• This indemnity is in addition to and not in derogation of any other recourse, rights or remedies that the FT Purchasers may have against the Company.

• The Company shall deliver to the FT Purchasers, before March 1, 2021, the relevant Prescribed Forms (including form T101), fully completed and executed, renouncing to the FT Purchasers, Qualifying Expenditures in an amount equal to the Commitment Amount with an effective date of no later than December 31, 2020, and such delivery shall constitute the authorization of the Company to the FT Purchasers to file such Prescribed Forms with the relevant taxation authorities.

• The Corporation hereby agrees to incur (or be deemed to incur) Resource Expenses in an amount equal to the Commitment Amount on or after the Closing Time and on or before the Termination Date in accordance with the Tax Act and the Subscription and Renunciation Agreement in respect of the FT Shares and agrees to renounce to the FT Purchasers, with an effective date no later than December 31, 2018, Resource Expenses in an amount equal to the Commitment Amount.

• Without limiting the generality of the foregoing, an obligation of the Company to renounce an amount of Resource Expenses to a FT Purchaser with respect to a Flow-Through Unit under the Tax Act shall include, for the purposes of Québec income taxation, an obligation to renounce such amount under the Québec Tax Act to Québec FT Purchasers.

• Notwithstanding the foregoing, the representations, warranties and covenants of the Corporation contained in this Agreement in respect of the Flow-Through Shares and the Flow-Through Offering, shall continue in full force and effect for the benefit of the FT Purchasers.

• If the Company amalgamates with any one or more companies, any shares issued to or held by the FT Purchasers as a replacement for the FT Unit Shares comprising the FT Units as a result of such amalgamation will qualify, by virtue of subsection 87(4.4) of the Tax Act as “flow- through shares” as defined in subsection 66(15) of the Tax Act, and in particular will not be “prescribed shares” as defined in section 6202.1 of the regulations to the Tax Act.

• The Company shall not be subject to the provisions of subsection 66(12.67) of the Tax Act in a manner which impairs its ability to renounce Qualifying Expenditures to the FT Purchasers in an amount equal to the Commitment Amount and shall notify the FT Purchasers in the event that it becomes aware of or is informed of an issue in relation to its ability to claim such Qualifying Expenditures.

More Definitions of FT Purchasers

FT Purchasers herein means the persons who purchase the FT Shares under the FT Subscription Agreement(s) and on behalf of which the Agent shall execute the FT Subscription Agreement(s);

FT Purchasers means purchasers who purchased Flow-Through Units pursuant to the Flow-Through Unit Subscription Agreements;