Qualifying Environmental Trust definition

Qualifying Environmental Trust means a trust that meets the requirements of that term as it is defined in subsection 211.6(1) of the Tax Act and as it is or may hereafter be defined in any other Tax Legislation applicable to the Trust;

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Qualifying Environmental Trust or “QET” means a “qualifying environmental trust” as that term is defined in the Tax Act;

Qualifying Environmental Trust means a trust

Examples of Qualifying Environmental Trust in a sentence

All parties involved, including the Company and the Trustee, shall take (or avoid taking, as the case may be) all actions as are reasonably possible and as may be required to ensure that the PRT is a Qualifying Environmental Trust.
Invest in any pooled or common investment fund, including a pooled or common investment fund maintained by the Trustee or any of its Affiliates, provided that such pooled or common investment fund is determined by the Trustee to be invested solely in Qualified Investments and an opinion of legal counsel is obtained by the Trustee that such method of investing in Qualified Investments is permitted for a Qualifying Environmental Trust.
The Trustee may transfer the Trust Fund or a portion thereof to another Qualifying Environmental Trust for the purpose of funding Reclamation Obligations in accordance with this Agreement and upon any order or direction from the CER, including any such direction or order that is made part of the CER's direction or order in connection with a sale, transfer or other disposition of the Pipeline, or an interest therein, or a portion thereof, pursuant to paragraphs 181(1)(a), (b) and (c) of the CER Act.
Invest in any pooled or common investment fund, including a pooled or common investment fund maintained by the Trustee or any of its Affiliates, provided that such pooled or common investment fund is invested solely in Qualified Investments and an opinion of legal counsel is obtained by the Trustee that such method of investing in Qualified Investments is permitted for a Qualifying Environmental Trust.
The Trustee may transfer the Trust Fund or a portion thereof to another Qualifying Environmental Trust for the purpose of funding Reclamation Obligations in accordance with this Agreement and upon any order or direction from the NEB, including any such direction or order that is made part of the NEB’s direction or order in connection with a sale, transfer or other disposition of the Pipeline, or an interest therein, or a portion thereof, pursuant to paragraphs 74(1)(a), (b) and (c) of the NEB Act.
This Agreement shall be read and interpreted in light of, and consistently with, the definition of “qualifying environment trust” in the Tax Act, and the Company and the Trustee shall not take any actions which would jeopardize the status of this Trust as a Qualifying Environmental Trust, and shall cause any party succeeding to the interests thereof to covenant to do the same.
The Company, the Contributor, the Primary Beneficiary and the Trustee shall take (or avoid taking, as the case may be) all actions as are reasonably possible and as may be required to ensure that the PRT is a Qualifying Environmental Trust.
This Agreement shall be read and interpreted in light of and consistently with the definition of Qualifying Environmental Trust as in effect from time to time, and none of the Company, the Beneficiaries or the Trustee shall take any action, including making any filing under the Tax Act, which would jeopardize the status of the Trust as a Qualifying Environmental Trust.
For greater certainty, assets from the Fund may be transferred to another Qualifying Environmental Trust in accordance with this Agreement upon the NEB's direction or order, including any such direction or order that is made part of the NEB’s direction or order approving the sale, assignment, transfer or other disposition of the Pipeline or a portion thereof from a Beneficiary to another person pursuant to paragraphs 74(1)(a), (b) and (c) of the NEB Act.
The Partnership, the Contributor, the Primary Beneficiary and the Trustee shall take (or avoid taking, as the case may be) all actions as are reasonably possible and as may be required to ensure that the PRT is a Qualifying Environmental Trust.

More Definitions of Qualifying Environmental Trust

Qualifying Environmental Trust. ’ at any time means a trust resident in a province and maintained at that time for the sole purpose

Qualifying Environmental Trust shall have the meaning ascribed thereto in section 211.6 of the Tax Act, or any successor provision thereto, as amended and/or restated from time to time.

Qualifying Environmental Trust means a qualifying environmental trust as defined in subsection 248 (1) of the Income Tax Act (Canada) that is established in respect of the mining property of a diamond mine;

Qualifying Environmental Trust means a qualifying environmental trust as defined in subsection 248

Qualifying Environmental Trust. ’ at any time means a trust resident in a province and maintained at that time for the sole purpose of funding the reclamation of a site in the province that had been used primarily for, or for any combination of, the operation of a mine, the extraction of clay, peat, sand, shale or aggregates (including dimension stone and gravel) or the deposit of waste, where the maintenance of the trust is or may become required under the terms of a con- tract entered into with Her Majesty in right of Canada or the province or is or may be- come required under a law of Canada or the province and the contract was entered into or that law was enacted, as the case may be, on or before the later of January 1, 1996 and the day that is one year after the day on which the trust was created, but does not in- clude a trust