Examples of Unit Subscription Agreements in a sentence
The Company is and will continue to be a Principal Business Corporation until such time as all of the Qualifying Expenditures required to be renounced under this Agreement and the FT Unit Subscription Agreements have been incurred or have been deemed to be incurred and validly renounced to FT Purchasers pursuant to the Tax Act.
The Company will ensure that the Unit Shares, when paid for, shall be duly issued as fully paid and non-assessable Common Shares, and shall have the attributes corresponding to the description thereof set forth in this Agreement and the Unit Subscription Agreements.
Upon the Company becoming aware of the fact that an amount purportedly renounced pursuant to the FT Unit Subscription Agreements exceeds the amount that it is entitled to renounce under the Tax Act, the Company will notify the FT Purchaser and comply with subsection 66(12.73) of the Tax Act, including the filing with the CRA of the statements contemplated therein, a copy of which will be sent concurrently to the FT Purchaser.
The Company shall file with the CRA, within the time prescribed by subsection 66(12.68) of the Tax Act, the forms prescribed for the purposes of such legislation together with a copy of the FT Unit Subscription Agreements or any “selling instrument” contemplated by such legislation and shall forthwith following such filing provide to the FT Purchasers a copy of such form certified by an officer of the Company.