Canadian Residency. Any Seller Party that is transferring Canadian real property is a Canadian resident for Canadian tax purposes
Canadian Residency. If you do not reside in Canada, or become a non-resident of Canada, while this policy is in effect, non- resident withholding taxes may apply to interest earned in the Side Account.
Canadian Residency. The board shall not transact business at a meeting, other than filling a vacancy in the board, unless twenty-five percent (25%) of the directors present are resident Canadians (or, if the Corporation has fewer than four directors, at least one of the directors present is a resident Canadian), except where:
Canadian Residency. The Company is a resident of Canada and is not a non-resident of Canada for purposes of the ITA.
Canadian Residency. The Purchaser is a taxable Canadian corporation for purposes of the ITA and is not a nonresident of Canada for purposes of the ITA.
Canadian Residency. Purchaser (i) is not a Canadian resident and (ii) is not registered under Subdivision d of Division V of Part IX of the Excise Tax Act R.S.C., 1985, c. E-15, as currently in effect in Canada (the “Excise Tax Act”).
Canadian Residency. The Purchaser is a Canadian resident within the meaning of the Income Tax Act (Canada) and the Taxation Act (Quebec).
Canadian Residency. Each of Sxxxxxxx and EGHI are, and on the Closing Date will be, a resident of Canada within the meaning of the Tax Act.
Canadian Residency. VantagePoint agrees that so long as VantagePoint has rights under paragraph 1 the VantagePoint Nominee, or after approval of the Amendment one of the three directors elected by the Series A Preferred Shares, will be a Canadian resident so long as (1) the board of directors has nine members, (2) applicable law requires that Canadian residents comprise at least 25% of the Company's directors, (3) only two of the directors elected by the Common and Preferred Shares together are Canadian residents, and (4) either VantagePoint has rights under paragraph 1 or the holders of Series A Preferred Shares have the right to elect three directors. Mutual Release. With the exception of any claims arising under this Agreement, the Company and VantagePoint release and discharge each other from any claim or cause of action arising from the Company's nomination of six directors elected by all shareholders at the March 2009 shareholders meeting and to be elected at the 2009 AGM by all shareholders as proposed by the Company in its proxy circular dated August 19, 2009.
