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;
Sample 1Sample 2Sample 3
Qualifying Environmental Trust or “QET” means a “qualifying environmental trust” as that term is defined in the Tax Act;
Sample 1Sample 2Sample 3
Qualifying Environmental Trust means a trust
Sample 1Sample 2

Examples of Qualifying Environmental Trust in a sentence

  • The Trust meets the requirements of a Qualifying Environmental Trust as defined in the Income Tax Act (Canada).

  • The Trust Fund is a Qualifying Environmental Trust as defined in the Canadian Income Tax Act (Income Tax Act) and is subject to income taxes on earnings from the Trust pursuant to Part XII.4 of the Income Tax Act.

  • Net Unrealized Gains and Losses on InvestmentsNet unrealized gains and losses arise from changes in the fair value of investments.Administrative expenseAdministrative expense includes administration fees and audit costs incurred by the Company and paid or payable by the Trust Fund.Income TaxesThe Trust Fund is a Qualifying Environmental Trust as defined in the Income Tax Act and is subject to income taxes on earnings from the Trust pursuant to Part XII.4 of the Income Tax Act.

  • The following description of the Souris Valley Pipeline Limited – Qualifying Environmental Trust (the Trust) is a summary only.

  • 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.

  • 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.

  • 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.

  • Qualifying Environmental Trust Tax Credit (QET) (Page 17)Ontario parallels the federal income tax treatment regarding qualifying environmental trusts.

  • 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.


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
Sample 1Sample 2
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,
Sample 1
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
Sample 1
Qualifying Environmental Trust means a qualifying environmental trust as defined in subsection 248
Sample 1
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;
Sample 1
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.
Sample 1

Related to Qualifying Environmental Trust

  • Supplemental Trust Agreement means any trust agreement then in full force and effect which has been duly executed and delivered by the Authority and the Trustee amendatory hereof or supplemental hereto; but only if and to the extent that such Supplemental Trust Agreement is executed and delivered pursuant to the provisions hereof.

  • Forced or indentured child labor means all work or service-

  • Supplemental Trust Deed means the supplemental trust deed which constitutes and secures, inter alia, the Notes, dated 3 November 2016 and made between the Lender, the Trustee and the agents named therein.

  • Insured Environmental Event As defined in Section 3.07(d).

  • Natural environment means the air, land and water, or any combination or part thereof, of the Province of Ontario; (“environnement naturel”)

  • Environmental Harm means serious or material environmental harm or environmental nuisance as defined in the Environmental Protection Xxx 0000 (Qld);

  • Successor Preferred Guarantee Trustee means a successor Preferred Guarantee Trustee possessing the qualifications to act as Preferred Guarantee Trustee under Section 4.1.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • Phase I Environmental Report means a report by an Independent Person who regularly conducts environmental site assessments in accordance with then current standards imposed by institutional commercial mortgage lenders and who has a reasonable amount of experience conducting such assessments.

  • Covered Environmental Losses means all environmental losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and expenses (including, without limitation, costs and expenses of any Environmental Activity, court costs and reasonable attorney’s and experts’ fees) of any and every kind or character, by reason of or arising out of:

  • Environmental Certificate shall have the meaning set forth in Section 12.2.1.

  • Operating Environment means, collectively, the platform, environment and conditions on, in or under which the Software is intended to be installed and operate, as set forth in the Statement of Work, including such structural, functional and other features, conditions and components as hardware, operating software and system architecture and configuration.

  • Environmental Infrastructure System means the Environmental Infrastructure Facilities of the Borrower, including the Project, for which the Borrower is receiving the Loan.

  • Successor Property Trustee has the meaning specified in Section 6.6(b).

  • Initial Environmental Examination or “IEE” means an initial environmental examination for a Subproject, including any update thereto, prepared and submitted by the Borrower pursuant to the requirements set forth in the EARF and cleared by ADB;

  • Environmental Impact Assessment means a systematic examination conducted to determine whether or not a programme, activity or project will have any adverse impacts on the environment;

  • Environmental Event shall have the meaning set forth in Section 12.2.1.

  • National Pollutant Discharge Elimination System (NPDES) means the national program for issuing, modifying, revoking and reissuing, terminating, monitoring, and enforcing permits and imposing and enforcing pretreatment requirements, under Sections 307, 318, 402, and 405 of CWA. The term includes an approved program.

  • Supplemental Transfer Date For any Supplemental Transfer Agreement, the date the related Supplemental Mortgage Loans are transferred to the Trust Fund pursuant to the related Supplemental Transfer Agreement.

  • Underlying Securities Trustee means The Bank of New York.

  • ICT Environment means the Authority System and the Contractor System. “Information” has the meaning given under section 84 of the FOIA.

  • National Pollutant Discharge Elimination System means the national program for issuing, modifying, revoking and reissuing, terminating, monitoring and enforcing permits, and imposing and enforcing pretreatment requirements under Sections 307, 402, 318, and 405 of the Clean Water Act.

  • Applicant’s Qualified Property means the Qualified Property of the Applicant to which the value limitation identified in the Agreement will apply and as more fully described in EXHIBIT 4 of this Agreement.

  • National Pollutant Discharge Elimination System Permit or “NPDES” means a permit issued by the MPCA as required by federal law for the purpose of regulating the discharge of pollutants from point sources into waters of the United States from concentrated animal feeding operations (CAFOs) as defined by federal law

  • Hazardous Materials Claims means any enforcement, cleanup, removal or other governmental or regulatory action or order with respect to the Property, pursuant to any Hazardous Materials Laws, and/or any claim asserted in writing by any third party relating to damage, contribution, cost recovery compensation, loss or injury resulting from any Hazardous Materials.

  • Residual Waste means low-level radioactive waste resulting from processing or decontamination activities that cannot be easily separated into distinct batches attributable to specific waste generators. This waste is attributable to the processor or decontamination facility, as applicable.